MUSCAT : The September performance followed gains of 248 points in August and 280 points in July, marking a sustained rally powered by high trading levels since May.
All sectoral indices rose except the Shariah index, which slipped 10 points to 465. The financial sector index saw the sharpest increase in terms of points, adding 152 to close at 8,524. The industrial index inched up 21 points to 7,031, while the services sector stole the spotlight with a 6.2% jump, closing at 2,080, boosted by energy and telecom stocks.
September’s trading value held steady at RO 500 million, totaling RO 511.1 million compared to RO 524.8 million in August. Transactions, however, hit a record for the year, crossing 81,600, far above August’s 49,517. Heavy activity was concentrated in OQ Basic Industries (11,270 transactions), Bank Muscat (10,588), OQ Gas Networks (9,747), OQ Exploration and Production (9,519), along with Bank Sohar International and Asyad Shipping, both exceeding 7,000.
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OQ Exploration and Production led in trading value at RO 90.2 million (17.6% of total), followed by Bank Muscat (RO 86.4m), OQ Basic Industries (RO 82.9m), Bank Sohar International (RO 69.6m), and Omantel (RO 52.6m). Together, these accounted for nearly three-quarters of total trading.
The overall market value climbed to RO 30.53 billion by the end of September, gaining about RO 720 million. A total of 46 securities saw price gains, led by energy firms. Al Suwadi Energy, Al Batinah Energy, and Al Anqa Energy all soared by more than 30%. Al Suwadi closed at 139 baisas, Al Batinah at 138 baisas, and Al Anqa at 131 baisas. Other top risers included Oman Refreshments, up 23% to RO 1.234, and Dhofar Power Generation, which rose 16.2% to 93 baisas.
On the downside, 34 securities declined. Majan Glass, Oman Arab Bank bonds, Ooredoo, Dhofar International Development and Investment, and Fincorp Financial Centre led the losers with falls between 8.7% and 21.4%.
Asyad Shipping approved a cash dividend of 5.560 baisas per share for H1 2025. OQ Gas Networks is set to distribute 5.6 baisas per share this month, while OQ Basic Industries has scheduled an October 19 meeting to consider a 5 baisa dividend proposal.
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