While market volume almost doubled to 27.93mn shares from the previous trading session total turnover jumped by 62 per cent to RO5.06mn. The market received support from local institutions on Wednesday whereas GCC and other foreign institutions were net sellers.

The market breadth was neutral with 11 advancing stocks to 11 declining stocks while as many as 13 traded stocks remained unchanged. Daily market capitalisation increased by 0.14 per cent to RO16.3bn.

Among top gainers of the day were Bank Nizwa (+4.55 per cent) Global Financial Investment (+4 per cent) Galfar Engineering and Contracting (+3.28 per cent) and Bank Sohar (+2.69 per cent).

Top losers were Al Jazeera Services (-3.33 per cent) Gulf International Chemicals (-3.11 per cent) Oman United Insurance (-1.71 per cent) and Phoenix Power (-0.69 per cent).