Saturday 21 / February / 2026
Muscat: The main index of the Muscat Stock Exchange rose 47 points last week and closed at 7,225 points, benefiting from the gains recorded by a number of energy and services companies. The Muscat Stock Exchange witnessed limited profit-taking sales that pushed shares of a number of leading companies lower.
The main index benefited from the rise in shares of Renaissance Services, Omantel, Abraj Energy Services, Al Suwadi Power, OQ Exploration and Production, Asyad Shipping, and SMN Power Holding.
The gains recorded by energy, telecommunications and services companies also supported the services sector index, which rose 45 points to close the week's trading at 2807 points. Other sector indices were affected by the declines recorded by leading stocks, with the financial sector index falling by 47 points, the Sharia index losing about 3 points, and the industrial sector index closing the week's trading with a slight decline of one point.
Local investment funds and institutions reduced their purchases on Wednesday and Thursday trading after the sharp rise in stocks in the previous days and the main index rising above the 7,300 point level by the middle of the week’s trading. Then funds reducing its gains as investors sold to take profits on a number of stocks, which led to a decline in trading value on Wednesday and Thursday after record trading of OMR158 million on Tuesday.
During the week’s the total trading volume reached OMR360.8 million, compared to OMR377.2 million in the week before, registering a decline of 4.3 percent. The number of transactions executed also declined by 22 percent, dropping to 30,650 transactions, compared to more than 39,000 transactions in the week before.
The market capitalisation of securities listed on the Muscat Stock Exchange recorded gains of OMR179.5 million in the week, concluding the trading at OMR35.93 billion.
Liva Group's stock accounted for 18.4 percent of the total trading value, with trades worth OMR66.4 million. OQ Exploration and Production's stock came nest with trades worth OMR62.1 million, Bank Sohar International had trades worth OMR57 million, OQ Basic Industries' stock registered trades worth OMR38.8 million, and Bank Muscat registered trades worth of OMR38 million, representing 10.5 percent of the total trading value.
During the week, the prices of 35 securities rose, compared to 41 securities whose prices declined and 22 securities remained unchanged at their previous levels. The National Aluminium Products Company share recorded the highest rise, increasing by 69.7 percent and closing at 326 baisa. Raysut Cement stock also rose by 24.4 percent and closed at 117 baisa. Al Jazeera Services stock rose by 20.5 percent and closed at 246 baisa. Al Sharqiyah Desalination stock rose by 20 percent and closed at 180 baisa. Financial Services Company stock rose by 19.1 percent and closed at 118 baisa.
The shares of Galfar Engineering and Contracting led the list of losing stocks, declining by 12.5 percent and closing at 98 baisa. Salalah Mills shares fell by 9.3 percent and closed at 468 baisa. Al Madina Investment Holding shares declined by 6.8 percent and closed at 41 baisa. Al Anwar Ceramic Tiles shares fell to 188 baisa, recording a decline of 6 percent. Muscat Gases shares declined by 4.6 percent and closed at 124 baisa.
Company news: Ominvest announced that its board of directors has approved the sale of 80 percent of Ominvest’s stake in Jabreen Investment Projects, along with some international investments, to a strategic investor. The company expects the transaction to generate net cash flows of OMR134 million and an estimated profit of OMR17 million. The company noted that the transaction is subject to obtaining regulatory and other approvals, in addition to the completion and signing of the final transaction documents, including the share purchase and sale agreement with the strategic investor.
