Mubasher: The general index of the Muscat Securities Market (MSM) rose 0.11% to 5,052.01 points at Wednesday’s close, winning 5.54 points.
The rise in the general index was backed by the positive performance of major stocks, as Oman Fisheries, Oreedoo, and Galfar Engineering rose 1.94%, 1.85%, and 1.39% respectively.
The services sector increased 0.27%, with five major stocks rising, led by Oman Hotels with 5.31%, Port Services with 1.7%, and Oman Investment with 1.23%.
The financial sector also rose 0.23%, backed by the increase in the stocks of Ahli Bank and Bank Nizwah at 1.23% and 1.09%, respectively.
On the other hand, the industrial sector dropped 0.01%, pressured by Raysut Cement, which declined 3.15%; the largest drop in the market.
Trading volume hiked to 17.08 million shares on Wednesday versus 13.48 million shares on Tuesday; however, trading value declined to OMR 3.03 million versus OMR 3.84 million the day before.
