MUSCAT: The Muscat Stock Exchange (MSX) index recorded a notable gain on Wednesday, rising by 0.45 percent to close at 5,014.39 points. This increase reflects renewed investor confidence and a positive trading sentiment across various sectors. The uptick follows consistent movements in global markets, as regional economies remain buoyant amid stable oil prices and improving liquidity conditions. Analysts suggest that the rise may also be linked to a combination of strategic buying by institutional investors and growing optimism regarding corporate earnings for the coming quarters.
Trading activity demonstrated remarkable strength during the session, with the total trading value climbing to RO 26.08 million, representing a significant 15.8 percent increase from the previous session’s RO 22.53 million. This surge in value signals heightened market engagement, particularly from larger players seeking to capitalize on emerging opportunities in both the financial and industrial sectors. Such momentum indicates that the market remains an attractive destination for investors looking for stability and gradual growth amid a shifting global economic environment.
Market capitalization also saw a slight but steady improvement, edging up by 0.142 percent to approximately RO 29.89 billion. This incremental growth underlines the resilience of the Omani market and its ability to maintain upward momentum despite broader uncertainties. The movement suggests that listed companies continue to benefit from investor trust, particularly in sectors linked to infrastructure development, banking, and energy. This overall rise in market value further strengthens confidence in the local economy, which continues to show signs of diversification and structural stability.
A noteworthy highlight of the session was the active participation of non-Omani investors, who contributed significantly to market dynamics. Foreign purchases totaled RO 1.61 million, accounting for 6.17 percent of overall trades, while their sales amounted to RO 813,000, or 3.11 percent. This activity resulted in a net positive foreign investment of RO 798,000, representing 3.06 percent of trades. Such inflows are an encouraging indicator of international confidence in Oman’s economic outlook, reinforcing the country’s position as a reliable and competitive investment hub within the region.
