(MENAFN - Muscat Daily) The general index of the Muscat Securities Market (MSM) rose 0.22 per cent on Wednesday to close at 6,903.24 points, mainly on buying interest by domestic and foreign institutions.
Market breadth was positive with 16 advancing stocks to seven declining stocks, while 25 traded stocks remained unchanged.
The gain in the main index was supported by the Financial and Industrial sector indices, which were up by 0.4 per cent and 0.24 per cent, respectively, while the Services index was marginally up by 0.01 per cent. The MSM Shariah Index rose by 0.26 per cent.
Market volume was up by 15.76 per cent to 18.5mn, compared with 16.02mn in the previous trading session. Turnover increased 5.74 pecent to RO6.22mn, against RO5.88mn in the previous trading session. Total market capitalization was up by 0.07 per cent to RO14.58bn on Wednesday.
Omani institutions were net buyers, while individual investors remained net sellers. GCC institutions were net sellers, even as other foreign institutions were net buyers.
Among the top gainers were Al Batinah Development and Investment Holding (5.24 per cent), Al Shariqia Investment Holding (3.32 per cent), Oman Cement (2.66 per cent), Gulf Investment Services (2.64 per cent) and Gulf International Chemicals (2.56 per cent).
The top losers for the day were Dhofar Cattle Feed (-0.87 per cent), United Finance (-0.7 per cent) and Bank Muscat (-0.6 per cent).