Muscat Stock Market Value Rises to Over $71 Billion by End of March

The market capitalization of the Muscat Stock Exchange (MSX) climbed to OMR 27.64 billion (approx. USD 71.8 billion) at the end of March 2025, marking an increase of OMR 328.6 million compared to February.

This growth was largely driven by the successful listing of Asyad Shipping in the parallel market, with a capital of OMR 130.2 million, bringing its market value to OMR 645.8 million by the end of March. The company’s stock closed at 124 baisas, just one baisa above the IPO price.

Despite a drop of 68 points in the MSX general index—settling at 4,367 points for the third consecutive monthly decline—select sectors such as banking and OQ group companies showed notable trading activity and investor interest.

In March, 24 securities recorded gains, while 61 declined and 17 remained unchanged. Muscat Insurance led the gainers with a 60.3% rise, followed by Livah Bonds 2024, Voltamp Energy, Al Anwar Investments, and Muscat Gases.

This performance highlights the ongoing dynamism of Oman’s capital market, contributing to economic diversification and financial sector development.