Value of Oman’s stock exchange rose 16% to $83bn in 2025

• 25bn shares traded on MSM
• Bank Muscat led the market
• Index closed 28% up on 2024

The total market capitalisation of companies listed on Oman’s Muscat Securities Exchange rose 16 percent year on year to OMR32 billion ($83 billion) in 2025 due to higher turnover value, the operator of the bourse has announced.

The number of trades executed during the year jumped to 25 billion shares, from 6.4 billion in 2024. The value of shares traded totalled OMR5.042 billion, from OMR1.27 billion.

The MSM index closed at 5,867 points at the end of 2025, up 28 percent on the previous year. 

Bank Muscat, Oman’s largest financial institution, led the market in terms of value traded, with OMR888.4 million of shares changing hands. 

Sohar International Bank, the sultanate’s second largest lender, was next with OMR776 million, followed by state-run OQ Base Industries, which registered OMR732 million.

The MSM is planning three initial public offerings this year, according to its CEO Haitham Al Salmi.

Al Salmi said the government is working on incentives to list privately owned companies including tax waivers, preference in government tenders and other concessions.

“Hopefully, we can see 2026 with some family businesses joining the market,” he told Bloomberg last September. 

Further reading:

• Oman turns to finance to ease fiscal pressures
• Omani and Chinese exchanges sign cross-listing deals
• Oman bank loans reach two-year high