Oman’s market cap rises as trading volumes surge

• Total value up 25% from a year ago
• MSX index at seven-year high
• Total securities traded up 180%

The market capitalisation of companies listed on Oman’s stock exchange rose year on year as the value of trading surged in the first nine months of 2025.

At the end of September, the total value of companies on the Muscat Stock Exchange (MSX) stood at $79.3 billion, 25 percent higher than in September 2024.

The total value of shares traded during the first nine months of this year shot up by 193 percent year on year to $6.3 billion, according to the National Center for Statistical Information (NCSI).

This increase was driven by aggressive buying from local investment funds and institutions, NCSI said. 

The number of executed transactions was 327,000 in the first nine months of this year, up from 159,000 in 2024.

The MSX’s index peaked at 5181.62, up 10 percent from the first nine months of last year, its highest in over seven years.

Total securities traded increased by 180 percent to $13.2 billion between the two periods, driven by the financial sector rising by 42 percent, NCSI figures show.  

Investors say the MSX will benefit further with more cross-listings with other exchanges around the world.

Further reading:

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• IMF praises Oman’s fiscal management and resilient economy
• Oman reveals plan to steer IPOs to Muscat exchange

“It is encouraging to see higher values in the MSX but we also need to do more cross-listings with other bourses to keep the momentum up,” Khalfan Al-Kharusi, an independent investor in the MSX, said.

In September this year, the MSX and stock exchanges in China signed deals to allow cross-listing of traded funds on each other’s markets.

The Omani bourse signed two separate agreements with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.