Muscat: The MSM 30 Index closed marginally up at 6648.16 points, up by 0.06 per cent, whereas MSM Sharia Index closed marginally down by 0.08 per cent at 1048.38 points.
OIFC was the most active in terms of volume, while Sembcorp Salalah in terms of turnover. Financial Services was the top gainer with 3.78 per cent rise. Sembcorp Salalah was the top loser, declining by 2.27 per cent.
Altogether 2,366 trades were executed in yesterday's session generating a turnover of OMR9.537 million with over 22.69 million shares traded. Out of 37 traded stocks, 13 advanced, 12 declined and 12 were unchanged. At the close of the session, Omani investors were net buyers to the tune of RO644,000 worth of share.
Foreign investors were net sellers at OMR424,000 followed by GCC & Arab investors, who sold shares worth OMR220,000.
Financial Sector Index was down by 0.01 per cent at 8101.34 points. Financial Services, Al Anwar Holding, DBIH, Oman United Insurance and United Finance increased by 3.76 per cent, 2.50 per cent, 1.11 per cent, 0.70 and 0.65 per cent respectively.
Global Financial Investment, Transgulf Holding, Bank Nizwa, National Bank of Oman and Taageer Finance declined by 1.24 per cent, 1.24 per cent, 0.93 per cent, 0.67 per cent and 0.65 per cent respectively.
The Industrial Sector Index was up by 0.24 per cent at 9733.30 points. Voltamp Energy, Al Hassan, Oman Cables, Galfar and Al Anwar Ceramics increased by 0.93 per cent, 0.86 per cent, 0.78 per cent, 0.63 per cent and 0.39 per cent respectively. National Aluminium, the only loser, fell by 0.61 per cent.
Services Sector Index was up by 0.13 per cent at 3497.63. OIFC and Renaissance Services increased by 2.92 per cent and 0.58 per cent. Sembcorp Salalah, Nawras, Port Services and Sharqiya Desalination declined by 2.27 per cent, 0.76 per cent, 0.76 per cent and 0.22 per cent respectively.
Emerging stocks fall
Emerging-market stocks fell from the highest level in two weeks as the International Monetary Fund cut its growth forecast for developing nations and United States lawmakers debate the debt limit.
Technology company Tencent Holdings sank the most in three weeks in Hong Kong.
Turkiye Garanti Bankasi retreated 2.1 per cent, leading declines on the benchmark Borsa Istanbul National 100 Index, which slipped to the weakest level since September 30.
Romania's leu, the Czech koruna and Hungary's forint each depreciated at least 0.2 per cent against the euro, the biggest drops in emerging-market currencies. Magyar Telekom Nyrt headed for the lowest level on record in Budapest after HSBC downgraded the stock.
The MSCI Emerging Markets Index lost 0.4 per cent to 1,005.24 in London. The IMF expects developing economies to grow 4.5 per cent this year, it said in a report on Tuesday, compared to a July prediction of 5 per cent, as projections were reduced for China, Mexico, India and Russia. United States President Barack Obama said the US economy risks a 'very deep recession' should Congress not raise the $16.7 trillion borrowing limit.
"The IMF data shows there are still some growth concerns in the global economy and specifically emerging markets," Alex Mathews, head of research at Geojit BNP Paribas
Financial Services, said from Kollam in south India. "The US debt issue is keeping investors on tenterhooks."
Eight out of the 10 industry groups in the MSCI Emerging Markets Index retreated.