10/06/2015 01:16 AST
Oman's main index, MSM30 Index, gained 0.16 per cent to end the day at 6,474.52 points. The MSM Shariah Index closed at 998.08 points, up by 0.15 per cent. Al Suwadi Power was the most active stock in terms of volume, while Al Maha Petroleum was the most active in terms of turnover. Muscat Finance was the top gainer for the day and closed up by 4.23 per cent while Gulf International Chemicals, down by 2.11 per cent, was the top loser for the day.
As many as 560 trades were executed generating turnover of OMR3.15 million with over 10.26 million shares changing hands. Out of 45 traded securities, 20 advanced, seven fell and 18 were unchanged. GCC and Arab Investors were net buyers for OMR185,000 followed by Omani investors for OMR163,000 while foreign investors were net sellers for OMR348,000 worth of shares.
Financial Index closed at 7,860.99 points, up by 0.25 per cent. Muscat Finance, United Finance, Gulf Investment Services, Oman & Emirates Holding and Global Finance & Investment increased 4.23 per cent, 3.52 per cent, 2.22 per cent, 1.82 per cent and 1.69 per cent, respectively. Al Batinah Development, Al Anwar Holding and Bank Muscat declined 1.56 per cent, 0.40 per cent and 0.36 per cent, respectively.
Industrial Index posted gains of 0.12 per cent to close at 8,336.76 points. Oman Fisheries, Oman Cables and Voltamp Energy gained 1.82 per cent, 0.69 per cent and 0.50 per cent, respectively. Gulf International Chemicals, down by 2.11 per cent, was the only sector loser.
Services Sector Index continued its run of gains to close at 3,517.09 points, up by 0.57 per cent. SMN Power, Sembcorp Salalah, Sharqiyah Desalination, OIFC and National Gas increased by 3.01 per cent, 2.12 per cent, 1.94 per cent, 1.26 per cent and 0.51 per cent, respectively. Al Suwadi Power, Sohar Power and Al Maha Petroleum declined 0.96 per cent, 0.53 per cent and 0.23 per cent, respectively.
Emerging stocks fall
Emerging-market stocks fell for a 12th day in the longest slump since 1990 as concerns deepened that higher US interest rates will curb demand for riskier assets.
MSCI Emerging Markets Index slid 0.5 per cent to 972.66 at 2:38pm in London, taking its loss since May 22 to 6.3 per cent. Stocks have slumped as a string of data signalled that the US economy may be able to withstand its first interest-rate increase since 2006. MSCI developing-nation measure has risen 1.7 per cent this year and trades at 11.8 times 12-month projected earnings, data compiled by Bloomberg show.
The MSCI World Index has climbed 2.5 per cent in 2015 and is valued at a multiple of 16.4.
Times of Oman
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