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Muscat index down marginally; Bank Nizwa gains the most



Muscat: MSM 30 index ended on a flat note at 7182.02 points, down by 0.09 per cent. MSM Shariah Index also declined marginally by 0.08 per cent at 1069.17 points.

Global Financial Investment was the most active in terms of volume as well as turnover. Bank Nizwa was the top gainer of the day with 1.22 per cent gain, while Al Madina Takaful was the top loser and closed down by 3.13 per cent.

Altogether 836 trades were executed on Monday's session generating a turnover of OMR6.58 million with over 28.23 million shares traded. Out of 58 traded stocks, 7 advanced, 25 declined and 26 were unchanged. At the session close, foreign investors were net buyers to the tune of OMR433,000 worth of shares, while Omani investors were net sellers at OMR338,000. Arab and GCC investors shares amounting to OMR95,000.

Financial Sector Index remains unchanged at 8762.87 points. Bank Nizwa, Ominvest and DIDIC increased by 1.22 per cent, 0.99 per cent and 0.36 per cent respectively. Al Madina Takaful, Al Sharqiya Investment, DBIH and  Gul Investment Services declined by 3.13 per cent, 2.19 per cent, 1.91 per cent and 1.11 per cent respectively.

The Industrial Sector Index was down by 0.43 per cent at 10053.47 points. Oman Fisheries and Oman Cables increased by 1.10 per cent and 0.38 per cent respectively. Al Hassan Engineering, National Aluminium, Galfar Engineering and Gulf International Chemicals declined by 1.94 per cent,1.60 per cent ,1.54 per cent and 1.25 per cent respectively.

Services Sector Index was down by 0.15 per cent at 3665.57 points. Omantel and OIFC increased by 0.59 per cent and 0.38 per cent respectively. Renaissance Services, Sohar Power, Al Batinah Power and  Al Suwadi Power declined by 1.29 per cent, 1.07 per cent, 0.59 per cent and 0.59 per cent respectively.

Emerging stocks slip
Most emerging-market stocks fell as Russian shares slumped the most in eastern Europe, with pressure mounting on President Vladimir Putin after the Malaysian plane crash. Indonesia's rupiah advanced for a fourth day.

Gazprom slid 2.3 per cent, sending the measure to its longest losing streak. 

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