Muscat: The MSM 30 Index closed on a negative note at 6647.74 points, down by 0.12 per cent. MSM Sharia Index declined marginally by 0.07 per cent at 1049.25 points.
OIFC was the most active in terms of volume and in terms of turnover. OIFC was top gainer and closed up by 2.65 per cent, while Construction Material, which was the top loser, decreased by 2.67 per cent in yesterday's trading session.
Altogether 955 trades were executed in yesterday's trading session generating a turnover of OMR4.59 million with over 15.91 million shares traded. Out of 43 traded stocks, seven advanced, 14 declined and 22 were unchanged.
Foreign investors were net buyers to the tune of OMR86,000 worth of shares followed by Omani investors at OMR3,000, while GCC & Arab investors sold shares worth OMR89,000.
Financial Sector Index was down by 0.12 per cent at 8114.40 points. Al Anwar Holding, Al Sharqiyah Investment, HSBC Bank Oman and Bank Sohar increased by 1.30 per cent, 0.58 per cent, 0.55 per cent and 0.48 per cent respectively.
Financial Services, Gulf Investment Services, Oman United Insurance, Transgulf Holding and Oman& Emirates declined by 2.21 per cent, 2.13 per cent, 1.72 per cent, 1.21 per cent and 1.09 per cent respectively.
The Industrial Sector Index was down by 0.26 per cent at 9709.31 points. Oman Cables was the only loser in the sector and was up by 0.80 per cent to close at OMR1.895.
Construction Material, Galfar Engineering, Jazeera Steel Product and Al Hassan Engineering declined by 2.67 per cent, 2.42 per cent, 1.30 per cent and 0.86 per cent respectively.
Services Sector Index was marginally up by 0.07 per cent at 3482.63. OIFC and Dhofar University was up by 2.65 per cent and 0.39 per cent respectively.
Oman Telecom was the only loser and was down by 0.64 per cent to close at OMR1.55.
Emerging markets dip
Emerging-market equities fell for the first time in five days while currencies weakened and bonds dropped as United States lawmakers remained deadlocked over extending the debt limit to avoid default.
The MSCI Emerging Markets Index declined 0.4 per cent to 1,003.55 in London, led by telecommunications and energy companies. The extra yield investors demand to own developing-nation sovereign debt over US Treasuries widened two basis points to 346, according to JPMorgan Chase indices.
With the US set to exhaust measures to avoid breaching its debt ceiling on October 17, House of Representatives Speaker John Boehner said that lawmakers won't raise the limit without packaging it with other provisions, a position opposed by US President Barack Obama. The 21 countries in the developing- nations gauge send about 17 per cent of their exports to the US, data compiled by the World Trade Organisation show.
"There is concern over the looming US debt ceiling deadline, and what this might mean for international markets," Tim Ash, chief emerging-market economist at Standard Bank in London, said by e-mail.
"The plus is that tapering could well be extended, so more liquidity for global markets. The negative, is that this could all be disruptive to global growth and the real economy."
Developing-country shares rose 2.1 per cent in the four days through October 4 on bets the US impasse would lead the Federal Reserve to maintain its $85 billion monthly bond programme.