MUSCAT: Analysts in the securities market have expressed optimism about the impact of Oman’s 2025 general budget on the Muscat Stock Exchange (MSX). With projected spending set at RO 11.8 billion, the budget is anticipated to drive the exchange’s performance, building on gains achieved through new listings over the past two years.
Mustafa bin Ahmed Salman, Chairman and CEO of United Securities Company, highlighted that the recent public offerings of four major companies across various sectors in 2023 and 2024 have already bolstered the exchange’s market value. By the end of last week, the MSX’s market value had surged to RO 28 billion, compared to RO 23.8 billion at the end of 2023.
These developments, he noted, are likely to attract new foreign investments.
Speaking to the Oman News Agency (ONA), Salman emphasized the role of strong corporate results in 2024, with more than 30 companies recording growth or stable performance, which further supported the exchange’s stability. He added that government measures outlined in the 2025 budget, such as prioritizing private-sector participation, will accelerate the recovery of businesses and enhance stock market performance.
Salman also stated that the inclusion of large companies on the MSX strengthens the potential for listing the exchange on the emerging markets index, a move that could bring billions in investments.
He anticipated two or three new listings in 2025, which would diversify the stock offerings. Additionally, reforms such as updated regulations for brokerage companies to modernize electronic systems are expected to improve investor engagement.
Lo'ai Bataineh, CEO of Ominvest Capital, echoed these sentiments, noting that the 2025 budget’s focus on investment initiatives and projects will enhance investor confidence and stimulate stock trading.
Bataineh pointed out that the Oman Investment Authority’s (OIA) offerings of state-owned companies over the past two years have significantly increased liquidity and attracted foreign and Gulf investments, contributing to higher trading volumes.
He stressed the importance of MSX collaborating with Gulf companies, especially those with operations in Oman, to list on the exchange. Improved disclosure practices have also boosted investor confidence, with transparency before and after board meetings reducing investment risks.
Both analysts agree that Oman’s 2025 budget will play a pivotal role in revitalizing the Muscat Stock Exchange, improving its global standing, and fostering economic growth through increased investment and private-sector participation. — ONA
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