MUSCAT : The MSX main index climbed past the 5,700-point mark for the first time, closing the week at 5,723 points, a gain of 179 points (3.2%). The rally was broad-based, with 46 securities rising, 16 declining, and 23 remaining unchanged.
All sectoral indices registered gains, led by the services sector, which jumped 5% to 2,368 points, propelled by strong performances from Abraj Energy Services, Ooredoo, Renaissance Services, OQ Exploration and Production (OQEP), OQ Gas Networks, Omantel, Al Anqa Energy, and others.
The financial sector index rose 102 points, the industrial index added 37 points, and the Sharia index advanced to 491 points, up 16 points.
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The market’s total value soared to RO 31.771 billion, recording weekly gains of RO 444.1 million. Trading activity also intensified: total trading value increased 20.4% to RO 215.4 million, while the number of executed transactions rose 8.8% to more than 35,500.
Local investment funds were the dominant buyers, accounting for 72.8% of total purchases, compared to 62.6% of total sales. Omani individuals largely moved to profit-taking, representing 29% of all sales and 18.9% of purchases.
OQ Exploration and Production led the trading value chart, attracting RO 43.9 million, or 20.4% of total trades, as investors positioned themselves ahead of the company’s upcoming dividends of 7.21 baisa (basic) and 2.76 baisa (performance-based). The stock closed at 379 baisa, up 20 baisa, pushing its market cap to RO 3.032 billion after weekly gains of RO 160 million.
Bank Muscat followed with RO 37.6 million in trades, while Bank Sohar International recorded RO 33.9 million. Abraj Energy Services logged RO 23.9 million, and Asyad Shipping rounded out the top five with RO 21.2 million in trades.
Among top gainers, Abraj Energy Services jumped 17% to 330 baisa, Ooredoo rose 11.4% to 263 baisa, and Oman & Emirates Investment Holding advanced 11.2% to 89 baisa.
On the losing end, Al Maha Ceramics fell 4.4% to 277 baisa, Al Safa Foods slipped 2.7% to 467 baisa, and Muscat Thread Mills declined 2.5% to 195 baisa.
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