MSM index edges up

22/03/2013 10:04 AST

The MSM30 Index ended on a flat note to close at 6132.92 points, marginally up by 0.03 per cent. Bank Sohar was the most active in terms of volume while Bank Muscat was the most active in terms of turnover.

Al Sharqia Investment was the top gainer for the day to close up by 7.52 per cent, while United Power was the top loser for the day and closed down by 9.22 per cent.

A total number of 1,809 trades were executed in yesterday's trading session generating turnover of OMR9.68 million with over 38.23 million shares traded. Out of 47 traded stocks, 15 advanced, 22 declined and 10 remained unchanged.

Foreign investors switched to net buyers for OMR1.62 million while Omani investors were net sellers of OMR871,000 million followed by GCC and Arab investors for OMR752,000 worth of shares.

Financial Sector Index was marginally up by 0.09 per cent and closed at 7307.82 points. Al Sharqia Investment, Oman Orix Leasing, United Finance, Bank Sohar and National Bank of Oman increased by 7.52 per cent, 3.92 per cent, 3.85 per cent, 1.61 per cent and 0.99 per cent, respectively.

DBIH, Bank Dhofar, Al Izz Islamic Bank, Al Anwar Holding, HSBC Bank Oman and Global Financial Investment declined by 2.63 per cent, 1.90 per cent, 1.84 per cent, 1.62 per cent, 1.07 per cent and 0.91 per cent, respectively.

The Industrial Sector Index closed at 8353.87 points, marginally down by 0.09 per cent. Oman Flour Mills, Dhofar Cattlefeed, Oman Cement and Raysut Cement increased by 1.12 per cent, 0.69 per cent, 0.16 per cent and 0.07 per cent, respectively. National Aluminium Products, Oman.

Fisheries, Gulf International Chemicals and Al Hassan Engineering declined by 2.20 per cent, 1.74 per cent, 1.59 per cent, 1.54 per cent and 1.12 per cent, respectively.

Services Sector Index closed at 3241.50 points, up by 0.12 per cent. Oman National Engineering, Nawras, Renaissance Services and Al Maha Marketing increased by 4.71 per cent, 1.08 per cent, 0.59 per cent and 0.52 per cent, respectively. United Power, Shell Oman Marketing, Al Jazeira Services, ACWA Power Barka and Oman Telecom declined by 9.22 per cent, 0.60 per cent, 0.42 per cent, 0.38 per cent and 0.34 per cent, respectively.

Emerging stocks rise

Emerging-market stocks rose for the first time in eight days as European policy makers weighed options for Cyprus's bailout. Chinese shares rallied the most in two months, while South Korea's won weakened to the lowest level since September.

VTB Group, Russia's second-biggest bank, rebounded from a three-month low, and OTP Bank Nyrt., Hungary's largest lender, snapped a two-day decline. China Citic Bank Corp. climbed by the 10 per cent daily limit in Shanghai. Mirae Asset Securities Co. fell for a third day in Seoul as a possible cyberattack shut down some computer networks.

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Bloomberg