The Muscat Stock Index rose on Monday, reflecting increased investor confidence and robust trading activity across Omani equities. The Muscat Stock Index closed at 5985.66 points, marking a gain of 30.04 points, or 0.50 percent, compared to the previous session’s close of 5955.62 points.
Trading volumes surged significantly, reaching 52.44 million Omani rials, up 24.7 percent from the previous day’s 42.07 million Omani rials. This growth in trading value signals renewed market activity and growing interest among both local and foreign investors.
Meanwhile, the market capitalization of the Muscat Stock Exchange climbed by 0.241 percent, reaching approximately 32.28 billion Omani rials. Analysts note that the rise in market capitalization, coupled with the index gains, reflects underlying optimism in corporate performance and economic stability in Oman.
Foreign investor activity also contributed to market momentum. Non-Omanis purchased shares worth 3.584 million rials, representing 6.84 percent of total trading. At the same time, non-Omani sales amounted to 2.944 million rials, or 5.61 percent of total trading, resulting in a net positive foreign investment of 640,000 rials, or 1.22 percent.
Experts highlight that these figures indicate growing confidence in Omani equities among international investors. Additionally, the rising net investment underscores the market’s attractiveness as a regional hub for portfolio diversification and capital growth.
The session gains were broad-based, reflecting contributions from key sectors, including banking, industrial, and services companies. Trading activity in high-volume stocks led the market higher, supporting both the index and capitalization growth.
Looking ahead, market analysts expect continued momentum for the Muscat Stock Index as investor sentiment improves. Further increases in foreign participation and domestic liquidity are likely to drive future gains. Analysts also note that upcoming corporate earnings reports may serve as catalysts for more targeted trading activity.
In summary, Monday’s session highlighted a steady rise in the Muscat Stock Index, driven by higher trading value, net foreign investment, and positive market sentiment. The trends indicate strong confidence in Omani equities, supporting a favorable outlook for investors.
