Oman's stock market rose on strong bank trading and earnings, despite falling market cap.

The Muscat Stock Exchange posted a 26.2% weekly rise in trading value to OMR 240.9 million, driven by strong activity in bank stocks and major firms following third-quarter earnings releases. The main index gained 40 points to close at 5,289, with financial and industrial sectors rising, though the Sharia index declined. Despite increased trading, market capitalization fell to OMR 30.596 billion due to losses in bonds, sukuk, and some parallel market stocks. Bank Sohar International led trading value, while Al Anwar Investments rose 14.4% and Al Anwar Ceramic Tiles dropped 10.9%. In corporate developments, Al Batinah and Al Suwadi Power are negotiating a new power agreement with Nama, and Sembcorp Salalah signed a 10-year power deal effective April 2027.