Milad-Un-Nabi is a public holiday in Oman and many other Muslim-majority countries celebrating the birth of the Prophet Muhammad. In Oman, this day is marked by the closure of the Muscat Stock Exchange (MSX), banks, and government institutions. It results in a complete pause in domestic financial transactions and a reduction in regional trading volumes.
The holiday is observed on the 12th day of Rabi' al-awwal in the Islamic calendar. The specific Gregorian date changes every year, and the official holiday is typically announced by the Omani government shortly before the event.
No historical data available
