(MENAFN - Muscat Daily) Wednesday's trading session saw the benchmark MSM30 index gain 0.27 per cent to close at 6780.46. Market activity remained tepid in terms of volumes with more investor focus now seen on blue-chip stocks such as Omantel and Bank Muscat.
Omantel breached RO1.50, which had been its resistance level for a few days. The stock closed at RO1.51. On the other hand, Oman & Emirates Inv Holding, even though a small cap, topped the traded volumes list. Investors seem to be awaiting the results of major names such as Raysut, Galfar and Renaissance Services in order to return to the market.
Among the subindices, the Financial and Industrial indices gained 0.18 per cent and 0.07 per cent respectively, while the Services index closed flat, with a slight decline of 0.06 per cent.
Individuals registered a net sale of RO1.4mn worth of shares, which was offset by institutional investors.
Among the top gainers were Areej Vegetable Oils and Deriv (2.99%), United Finance (2.67%) and Taageer Finance (2.17%). Among the top losers were Oman Fisheries (-3.26%), National Gas (-2.09%) and Port Services Corp (-1.81%).