Muscat: Profit-booking in banking and investment sector stocks led MSM30 Index to close with marginal decline at 7357.64 points, down by 0.02 per cent. MSM Shariah Index closed at 1070.02 points, up by 0.02 per cent.
Bank Nizwa was the most active in terms of volume, while Renaissance Services was the most active in terms of turnover. Computer Stationary Industry was the top gainer with 1.67 per cent gain, while Oman Education and Training, which was the top loser, declined by 7.14 per cent.
Altogether 855 trades were executed in Sunday's session generating a turnover of OMR3.27 million with over 9.19 million shares traded. Out of 42 traded stocks, 6 advanced, 16 declined and 20 were unchanged.
Omani investors remained net buyers to the tune of OMR264,000 worth of shares, while GCC & Arab investors were net sellers amounting to OMR147,000 followed by foreign investors at OMR117,000.
Financial Sector Index was down by 0.33 per cent at 8904.79 points. Al Madina Investment, Al Anwar Holding, Gulf Investment Services, Al Batinah Development, and Oman & Emirates Investment Holding declined by 2.02 per cent, 1.95 per cent, 1.20 per cent, 1.07 per cent and 0.93 per cent respectively.
The Industrial Sector Index was down by 0.18 per cent at 10132.53 points. Computer Stationary and Al Jazeera Steels increased by 1.67 per cent and 0.88 per cent respectively. Majan Glass, Oman Fisheries, Al Anwar Ceramics, Galfar Engineering, and Oman Cables declined by 3.70 per cent, 2.11 per cent, 1.05 per cent, 0.82 per cent, and 0.19 per cent respectively.
Services Sector Index was up by 0.31 per cent at 3760.96 points. Nawras, Renaissance, OIFC, and National Gas were up by 1.25 per cent, 1.12 per cent, 0.80 per cent, and 0.53 per cent respectively. Oman Education & Training, Al Batinah Power, and Al Suwadi Power were down by 7.14 per cent, 1.12 per cent, and 1.12 per cent respectively.
In Dubai, shares jumped to the highest since June 8 on speculation regional markets will attract more foreign investors after Saudi Arabia's shareholding rules take effect next year.
Arabtec, the United Arab Emirates' biggest publicly traded builder, increased 3.8 per cent to Dh4.43. Union Properties added 3.7 per cent to Dh2.25, the strongest close in two months.
"Some of the foreign flows will spill over to the other regional markets," Nayal Khan, head of institutional sales and trading at Naeem Holding brokerage in Dubai, said by phone on Sunday. "Saudi Arabia's market won't take liquidity away from regional markets."
Abu Dhabi's ADX General Index and Kuwait's SE Price Index gained 0.6 per cent each. Bahrain's BB All Share Index rose 0.2 per cent. Qatar's QE Index slipped 0.2 per cent.
Egypt's benchmark EGX 30 Index bounced back from its first weekly decline since June, gaining 1.4 per cent to 9,506.43, the highest since July 2008. Real-estate shares led gains, with the bourse's property industry index climbing 2.7 per cent, according to data on website. Talaat Moustafa, the biggest publicly traded developer, rose 4.2 per cent.