27/06/2013 11:06 AST
The MSM 30 index showed some respite after negative trends in the last trading sessions to close at 6322.08 points, up by 0.13 per cent.
Global Financial was the most active in terms of volume. Global Financial was the top gainer and closed up by 5.80 per cent, while Jazeera Steel was the top loser, closing down by 1.72 per cent.
Altogether 1,741 trades were executed in yesterday's session generating a turnover of OMR4.72 million with over 20.50 million shares traded. Out of 43 traded stocks, 29 advanced, six declined and eight remained unchanged.
At the close of the session, GCC and Arab investors were net buyers to the tune of OMR167,000 followed by Omani investors at OMR97,000, while foreign investors who were net sellers sold OMR264,000 worth of shares.
Financial Sector Index was up by 0.55 per cent and closed at 7631.87 points. Global Financial Investment, Oman & Emirates, Transgulf Holding, Al Anwar Holding, United Finance and Muscat National Holding increased by 5.80 per cent, 5.74 per cent, 3.27 per cent, 2.49 per cent 2 per cent and 1.91 per cent respectively. Ahli Bank, Bank Muscat, Oman United Insurance, National Bank of Oman and Bank Dhofar declined by 1.03 per cent, 1.02 per cent, 0.83 per cent, 0.74 per cent and 0.27 per cent respectively.
The Industrial Sector Index closed at 9236.96 points, up by 0.22 per cent. Oman Ceramic, Al Hassan Engineering, National Aluminium Products, Oman Cables, Voltamp Energy and Oman Cement increased by 2.04 per cent, 1.99 per cent, 1.30 per cent, 1.03 per cent, 1.02 per cent and 0.82 per cent respectively.
Services Sector Index marginally up by 0.32 per cent and closed at 3300.12 points.
OIFC, Al Jazeira Services, Nawras, Renaissance Services and Oman Telecom increased by 2.68 per cent, 0.67 per cent, 0.20 per cent, 0.17 per cent and 0.07 per cent respectively.
Emerging stocks up
Emerging-market stocks gained for a second day, trimming the biggest monthly decline in more than a year, as Philippine shares rallied the most since 2008.
SM Investments, owner of the biggest Philippine bank by assets and largest shopping mall operator, jumped 6.4 per cent. Chinese shares traded in Hong Kong rebounded from the lowest level since 2011 as the mainland's money-market rates fell for a fourth day.
Turkey's benchmark index had its steepest advance in almost two weeks and Brazilian equities advanced. Harmony Gold Mining, Africa's third-largest producer of the metal, slid to the lowest level since 2001 in Johannesburg as gold headed for its worst quarter since at least 1920.
The MSCI Emerging Markets Index rose 1.4 per cent to 898.29 in London, paring this month's slump to 11 per cent, the most since May 2012.
Reports have showed United States durable goods bookings climbed in May while new-home sales and consumer confidence beat economists' estimates, before data yesterday showed the economy expanded less than earlier projected in the first quarter.
"The US data provided very important positive news to boost equity markets that were battered by bearish sentiment," Poramet Tongbua, an investment strategist at Bualuang Securities, said in Bangkok before yesterday's US economic report.
The 21 countries in the developing-nations gauge send about 17 per cent of their exports to the US.
Times of Oman
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