Muscat: The MSM 30 index continued to gain for the third day in a row and closed at 6061.82 points, up by 0.81 per cent. NBO was the most active in terms of volume as well as turnover. Financial Services was the top gainer and closed up by 6.49 per cent, while Gulf Investment Services lost the most, down by 2.44 per cent.
A total number of 2,103 trades were executed in yesterday's trading session generating a turnover of OMR10.91 million with over 45 million shares traded. Out of 56 traded stocks, 31 advanced, 6 declined and 19 remained unchanged.
At the close of the session, foreign investors were net buyers to the tune of OMR509,000 followed by GCC& Arab investors at OMR279,000, while Omani investors were net sellers of shares worth OMR788,000.
Financial Sector Index was up by 0.59 per cent and closed at 7137.55 points. Al Sharqia Investment, Construction Material industries, Bank Sohar, DIDIC and NBO increased by 5.74 per cent, 1.75 per cent, 1.65 per cent, 1.62 per cent and 1.38 per cent respectively. Gulf Investment, Transgulf Holding, Oman& Emirates and United Finance declined by 2.44 per cent, 1.68 per cent, 0.87 per cent and 0.58 per cent respectively.
The Industrial Sector Index closed at 8277.29 points, up by 0.72 per cent. Al Anwar Ceramic, Jazeera Steel Product, National Aluminium Products, Oman Cement and Oman Cables increased by 2.51 per cent, 1.31 per cent, 1.30 per cent, 1.21 per cent and 0.91 per cent respectively.
Galfar Engineering was the only gainer and was down by 0.28 per cent to close at 359 baisas.
Services Sector Index closed at 3193.65 points, marginally up by 0.60 per cent. Salalah Port Services, OIFC, Nawras, Al Jazeira Services and Renaissance Services rose 5.37 per cent, 2.33 per cent, 2.03 per cent, 1.48 per cent and 1.04 per cent respectively.
Emerging stocks decline
Emerging-market stocks dropped the most in a week as falling commodities dragged down producers and investors speculated China may resume share sales. Rosneft, Russia's largest oil company, slid for the first time in six days in Moscow as oil slumped. Impala Platinum Holdings declined in Johannesburg as nickel and platinum declined. China Railway Construction led losses among Chinese rail stocks amid concern that reforms may boost competition. The rand sank to a four-year low after South Africa's current-account gap stayed near a four-year high.
The MSCI Emerging Markets Index lost 0.5 per cent to 1,058.44 in Hong Kong. Oil snapped three days of gains, while nickel and platinum retreated. China's stocks slid a fourth day in Shanghai on speculation regulators may resume initial public offerings. The developing-nations measure surged 1.2 per cent last week, the most in two months, as data from China to Japan and the United States bolstered the global economic outlook.
"The market has priced in all the good news and it needs to take a breather," Lye Thim Loong, who helps manage the equivalent of $500 million at Libra Invest, said by phone in Kuala Lumpur.
"People will need to find catalysts." South Korea's Kospi Index fell 0.5 per cent to a three-week low. India's S&P BSE Sensex lost 0.1 per cent amid concern a faster-than-estimated expansion in factory output may reduce the scope for monetary easing.