Muscat: MSM 30 index closed with gains at 7200.70 points, up by 0.23 per cent. MSM Shariah Index also closed up by 0.26 per cent at 1070.60 points.
United Finance was the most active in terms of volume as well as turnover. Oman National Engineering was the top gainer of the day with 4.61 per cent gain, while Al Hassan Engineering was the top loser and closed down by 4.67 per cent.
Altogether 1,531 trades were executed in Wednesday's session generating a turnover of OMR11.26 million with over 39.01 million shares traded. Out of 57 traded stocks, 20 advanced, 12 declined and 25 were unchanged. At the close of the session, foreign investors were net buyers to the tune of OMR229,000 worth of shares. Arab and GCC investors were net sellers at OMR193,000 followed by Omani investors amounting to OMR36,000.
Financial Sector Index marginally up by 0.03 per cent at 8756.15 points. Oman Orix Leasing, Ominvest, Ahli Bank and Bank Sohar increased by 3.57 per cent,1.90 per cent,1.03 per cent and 0.76 per cent respectively. HSBC Bank Oman, Al Madina Takaful, Dhofar Insurance and Al Shariya Investment declined by 3.57 per cent, 3.23 per cent, 1.67 per cent and 1.35 per cent respectively.
The Industrial Sector Index was up by 0.23 per cent at 10059.32 points. Galfar Engineering and Raysut Cement increased by 3.13 per cent and 0.24 per cent respectively. AL Hassan Engineering, Oman Cement and Gulf International Chemicals declined by 4.67 per cent, 0.54 per cent and 0.42 per cent respectively.
Services Sector Index was up by 0.15 per cent at 3681.94 points. Oman National Engineering, Nawras, Sohar Power, Al Batinah Power and ACWA Power Barka increased by 3.19 per cent, 2.70 per cent, 0.59 per cent and 0.55 per cent respectively. Omantel, Al Jazeira Services and OIFC declined by 0.58 per cent, 0.49 per cent and 0.38 per cent respectively.
Emerging-market stocks headed for an 18-month high as investors bet China will accelerate measures to boost the housing market. Russia's ruble climbed as the European Union delayed the announcement of a new list of sanctions.
The MSCI Emerging Markets Index rose 0.4 per cent to 1,078.92 in London, its second day of gains. The rouble appreciated 0.4 per cent against the dollar, headed for the strongest close in a week. China Resources Land paced advances for developers. Indonesia's rupiah appreciated to a two-month high after Joko Widodo was named Indonesia's next president. Turkey's lira and South Africa's rand strengthened 0.6 per cent and 0.5 per cent respectively.
The Hang Seng China Enterprises Index has rebounded 18 per cent from a March low as China accelerated railway spending, allowed some local governments to loosen property curbs and cut reserve-requirement ratios for smaller banks.
The EU may restrict Russia's access to capital markets unless President Vladimir Putin expedites the investigation into the downing of the Malaysian Air flight over eastern Ukraine.
"Russian markets have shrugged off the threat of tighter sanctions," Neil Shearing, chief emerging-markets economist at Capital Economics, said by phone from London. "Fears of a debt- induced hard landing in China are overdone because the authorities have a large degree of control over the financial system."
The developing-nation gauge has risen 7.6 per cent this year and trades at 11.2 times 12-month projected earnings, data shows. The MSCI World Index gained 5.5 per cent and is valued at a multiple of 15.1. Eight out of 10 industry groups in the MSCI Emerging Markets Index rose, led by industrial and financial companies.
The Hang Seng China Enterprise Index jumped 2 per cent to the highest close since December. China Resources Land rallied 7.5 per cent, the most since December in the year 2011.
The United States last week blocked Rosneft, Novatek, Gazprombank and Vnesheconombank from accessing US equity or debt markets for new financing with maturities longer than 90 days.