Muscat: The MSM 30 Index declined by 0.28 per cent to close at 6,725.03 points. MSM Sharia Index closed at 1,060.37 points, down by 0.33 per cent. Al Maha Marketing was the most active in terms of volume as well as turnover. HSBC Bank Oman which gained 2.03 per cent was the top gainer of the day while National Securities declined by 9.09 per cent made it the top loser of the day.
A total number of 1,086 trades were executed in Sunday's trading session generating turnover of OMR6.10 million with over 10 million shares traded. Out of 49 traded stocks, four advanced, 20 declined and 25 remained unchanged.
Omani investors were net buyers for OMR3.30 million followed while GCC & Arab investors were net sellers for OMR3.27 million followed by foreign investors for OMR25,000 worth of shares.
Financial Sector Index closed at 7,985.90, a decline of 0.13 per cent. HSBC Bank Oman, Oman United Insurance and National Bank of Oman increased by 2.03 per cent, 1.95 per cent and 0.64 per cent respectively.
National Securities, Al Batinah Development, Oman & Emirates and Bank Nizwa declined by 9.09 per cent, 3.95 per cent, 3.08 per cent and 2.25 per cent respectively.
Industrial Sector Index closed at 10,163.80 points, down by 0.08 per cent. Al Anwar Ceramic was the only gainer in the sector and was up by 0.69 per cent to close at OMR0.590. National Aluminium, Construction Material Industries, Oman Fisheries and Oman Cement declined by 2.03 per cent,1.79 per cent, 1.15 per cent and 0.51 per cent respectively.
Services Sector Index declined by 0.90 per cent to close at 3,588.04 points. Renaissance Services and ACWA Power Barka increased by 0.63 per cent and 0.54 per cent respectively. Al Maha Petroleum, Port Services, Nawras and National Gas declined by 5.80 per cent, 2.68 per cent, 1.06 per cent and 0.94 per cent respectively.
Qatar stocks surge
Qatari stocks surged to 13,350.54, the highest since at least 1998 when Bloomberg started tracking the market, as investors bought shares of companies that will be included in the MSCI Inc. upgrade to emerging markets status next month.
"Many of the names that are enjoying an uptick have been included in the MSCI emerging markets index," Bobby Sarkar, head of research at Qatar National Bank Financial Services, said by phone from Doha yesterday. "We have seen international institutional investors buying these names."
Masraf Al Rayan surged 10 per cent to 57.30 riyals, the highest level on record, in more than four times the three-month average daily volume. The bank was among companies to be included in MSCI's developing markets index.
Saudi Arabia's Tadawul All Share Index rose 0.2 per cent, Bahrain's gauge advanced 0.4 per cent and Kuwait's measure retreated 0.5 per cent.
Markets in Abu Dhabi and Dubai were closed for a holiday.
Egypt stocks advance
Egypt's benchmark index climbed to the highest since 2008 on bets tomorrow's presidential election will be peaceful. Qatar's measure surged to a record.
The EGX 30 Index increased 0.4 per cent to close at 8,762.86 in Cairo, the highest since August 2008.
The gauge has advanced 29 per cent this year, more than seven-times the gains for MSCI's emerging markets index.