Oman's pursuit in the initial proposals earned momentum thanks to the rise of the shares

The stock market in the Sultanate of Oman has been a recovery in recent months, strengthening the expectations of the investors regarding the privatization program there after a series of primary disappointing subscriptions. The most important index of the Muscat Stock Exchange increased by 16% of its lowest levels in April, powered by several factors that include credit rating promotions and reform procedures in the market. After registering a poor performance in the first months of its stock exchange inserts, the ‘OQ Base Industries SADC’ has jumped by more than 40% since April, while Okio Exploration & Production SADC has risen by 20%. Initial proposals in Oman, the superiority of London, this recovery is a remarkable shift in the Omani market, as the initial public subscriptions exceeded its counterpart in London during the year 2024, but the disappointing beginning of some listed companies has dropped some time. Last March, ‘Bloomberg News’ said that an electricity facility business had frozen its public offering plans, at a time of the pursuit of the sultanate to privatize 30 companies. Capital Capital Markets head Arqaam Capital said the first public subscription to the initial public subscriptions “restored a real boost of the privatization program and the confidence to investors.” Also read: The cost of insurance on Oman’s debt decreases with the promotion of the credit rating on his part, and Junaid Ansari, director of the investment strategy at Kamco Invest, expects the government to move forward to implement more preliminary public proposals, although its rate will depend on the evaluation levels. He added that “concerns about investors on liquidity are being addressed by distributing generous gains with yields of more than 7%, and that it is one of the highest in the countries of the Gulf Cooperation Board.” Oman’s promotion to the emerging market category contributes to the efforts of the sultanate of Oman to move from the border market category to emerging markets to promote the current market momentum. Among the six member states of the Gulf Cooperation Council, Oman and Bahrain are still outside the classification of emerging markets according to the MSCI. “The upgrade to the category of emerging markets will form a fundamental shift,” Kasov said. It can increase an estimated billion dollar active and workflow, increasing liquidity, and this can lead to a review of assessments in Oman. Kasov pointed out that the qualifying for this goal requires free shares in trading and offering new leadership companies, in addition to integrating some medium -sized businesses. Although the Ocio Exploration and Production Company’s plan to re -take up to 3% of its listed shares seems to be contrary to the expansion of the free stock base, he emphasized that the reduction is limited and probably replaced by the high price of shares. A credit promotion increases the confidence of investors, added Ankit Garg, head of capital market research at the state -owned Omani Investment Bank, adding that the recent increase of Oman’s classification to the degree worthy to invest by two international credit rating agencies during less than a year has contributed to the market. Moody’s increases the classification of ‘Oman’ to an investment grade with a decrease in debt burden … The details here. In the same context, Hassanein Malik, head of the Stock Strategy Research at Tellimer, pointed out that these promotions come in the light of a series of positive economic indicators, including the growth of non -oil activities and the decline in government debt levels, adding that it has a promising future for the privatization program. ” Oman’s sultanate also works to diversify its sources of income and reduce its dependence on oil, with plans to become the first Golfland to apply an income tax by 2028. Market reforms have also strengthened the momentum of performance, as the Muscat Stock Exchange has entered into contracts for the stability of liquidity and the services of the market manufacturer to increase efficiency. Omani businesses have also strengthened their communication with investors over the past few months by participating in various international conferences, according to Kasov. “In the event that current momentum continues, investors will start harvesting rewarding returns of the recent primary public subscriptions, which will support the consolidation of confidence and pave the way for the sultanate to move forward in the privatization program.”