Muscat Stock Exchange revitalised

The Muscat Stock Exchange (MSX) index has successfully surpassed the 5,000-point barrier for the first time in nearly eight years, as annual trading volume grew 5 times, from OMR 645 million in 2021 to over OMR 3.25 billion during the first ten months of 2025.

This is thanks to the integrated strategies introduced by Oman Investment Authority (OIA)  to revitalise the MSX and to develop the capital market of the Sultanate of Oman, through a series of programmes aimed at increasing listings, boosting liquidity, and enhancing market infrastructure.

Market capitalisation has increased by 51% from OMR 20.24 billion in 2020, to OMR 30.53 billion in October 2025. This reflects the effectiveness of OIA’s measures to reinforce MSX’s position as a regional financial and investment hub in line with the objectives of Oman Vision 2040.

This robust growth follows the promulgation of Royal Decree No. 5/2021 on transforming Muscat Securities Market into a Closed Omani Joint Stock Company wholly owned by OIA.

The move laid the groundwork for taking clear and direct measures, such as injecting liquidity, launching IPO programs, establishing institutional liquidity platforms, and implementing local asset management plans.

As a result of these positive interventions, trading volumes rose to unprecedented levels. In addition, the market capitalisation increased significantly, reflecting the tangible impact of OIA’s responsible efforts to strengthen MSX’s position and enhance investor confidence.