(MENAFN - Muscat Daily) The market began Wednesday's trading session in positive territory, supported by high volumes. The market continued to focus on small caps, with specific interest in Gulf Investment Services and Oman Investment and Finance Co, among others.
Towards the close, heavy selling pressure was witnessed on the Bank Muscat counter, which led the MSM30 index to end slightly in the red, down 1.68 points at 6,806.55. Interest was also seen in the Bank Muscat subordinated bonds.
All three subindices posted gains, with the Industrial index rising te most (0.31%). The Financial and Service indices advanced 0.16 per cent and 0.12 per cent, respectively. Institutional investors were net buyers, absorbing pressure from individuals. The MSM Shariah index closed up 0.09 per cent at 1,080.01.
Oman and Emirates Inv Hold, Galfar Engineering and Contracting, and Al Madina Investment were among the top gainers, rising 4.56 per cent, 4.38 per cent and 3.33 per cent, respectively. Gulf Investment Services and Oman and Emirates Inv Hold together accounted for 35.42 per cent of the total traded value on the MSM30 index.