MUSCAT – All sectoral indices recorded collective declines during the week. The financial sector index led the losses, falling by 266 points to close at 13,028 points. The services index dropped by 79 points, the Sharia index declined by 9 points, while the industrial index recorded the smallest decrease, losing 6 points to close at 10,073 points.

Trading activity also weakened, with total trading value falling by 31 percent to RO 294.5 million, compared to RO 430.2 million in the previous week. The number of executed transactions declined by 23.7 percent, dropping from more than 32,000 transactions to around 25,000.

Bank Muscat accounted for 22.3 percent of total trading value after transactions worth RO 65.9 million. OQ Exploration and Production ranked second with RO 49.9 million, followed by OQ Basic Industries with RO 48.2 million. Sohar International Bank came fourth with RO 47.7 million, while Omantel ranked fifth with RO 27.4 million, representing 9.3 percent of total trading value.

The exchange also recorded market capitalisation losses of approximately OMR 546 million, bringing the total value to RO 38.079 billion by the end of trading on Thursday.

Weekly data showed that 51 securities declined, compared to 33 gainers and 13 stocks that remained unchanged. Declining stocks included major banks such as Bank Muscat, Sohar International Bank, Bank Dhofar, Ahli Bank, and Bank Nizwa, along with energy firms including Al Batinah Power and Al Suwadi Power. Industrial stocks such as Voltamp Energy, Salalah Mills, and Al Anwar Ceramic Tiles also fell, in addition to telecommunications companies Omantel and Ooredoo.

Salalah Mills recorded the steepest decline, falling 18.5 percent to close at 570 baisa. Oman Fisheries dropped 10.7 percent to 25 baisa, Asyad Shipping fell 10.1 percent to 283 baisa, Salalah Port Services declined 9.9 percent to 616 baisa, and Al Maha Petroleum Products Marketing fell 9.8 percent to OMR 1.100.

On the gainers’ side, Financial Centre shares surged 36.3 percent to 90 baisa, while Al Jazeera Services rose 9.6 percent to 285 baisa. Oman Flour Mills increased 8.7 percent to 587 baisa, and National Engineering and Investment rose 7.3 percent to 160 baisa. Additional gains were recorded in select industrial stocks, including Al Jazeera Steel Products, Al Safa Foods, and Oman Cables Industry, partially offsetting broader industrial sector losses.