12/02/2014 09:48 AST
The MSM 30 Index closed the session at 7143.28 points, down by 0.23 per cent. MSM Sharia Index closed at 1126.65 points, up by 0.02 per cent.
Gulf Investment Services was the most active in terms of volume as well as turnover. United Power was the top gainer and closed up by 9.91 per cent, while National Gas was the top loser and closed down by 7.74 per cent.
Altogether 2,114 trades were executed in yesterday's trading session generating a turnover of OMR7.64 million with over 20.98 million shares traded. Out of 63 traded stocks, 12 advanced, 22 declined and 29 were unchanged. GCC & Arab investors were net buyers to the tune of OMR151,000. Foreign investors, who were net sellers, sold shares worth OMR146,000, followed by Omani investors at OMR5,000.
Financial Sector
Financial Sector Index was marginally up by 0.57 per cent at 8501.54 points. Financial Services and Al Izz Islamic Bank increased by 2.41 per cent and 0.93 per cent respectively. Al Sharqiya Investment, Global Financial Investment, Dhofar Insurance and Oman United Insurance declined by 4.84 per cent, 1.61 per cent, 1.41 per cent and 1.37 per cent respectively.
The Industrial Sector Index was down by 0.11 per cent at 11078.26 points. Oman Fiber Optic, Construction Material Industries, Voltamp Energy and Al Anwar Ceramic increased by 9.70 per cent, 3.03 per cent and 0.41 per cent respectively.
Oman Packaging, National Aluminium Products, Galfar Engineering, Al Hassan Engineering and Al Anwar Ceramic declined by 1.43 per cent, 1.41 per cent, 1.02 per cent and 0.78 per cent respectively.
Services Sector Index was up by 0.44 per cent and closed at 3793.38 points. United Power, SMN Power Holding, Sohar Power and Renaissance Services increased by 9.91 per cent, 4.85 per cent, 1.19 per cent and 0.99 per cent respectively. Al Jazeira Services and Port Services Corporation declined by 0.68 per cent and 0.36 per cent respectively.
European stocks firm
European stock markets rose solidly yesterday as traders looked ahead to the first testimony by the Federal Reserve's new head for clues over US stimulus plans.
Ahead of Janet Yellen's appearance before the House of Representatives committee yesterday, share prices were mostly higher despite some heavy falls for blue-chip companies, including British bank Barclays and French cosmetics giant L'Oreal.
London's benchmark FTSE 100 index climbed 0.71 per cent to stand at 6,638.69 points in midday deals. Frankfurt's DAX 30 jumped 1.25 per cent to 9,406.28 points and in Paris the CAC 40 advanced 0.56 per cent to 4,260.80 compared to Monday's closing values.
In forex trade yesterday, the European single currency climbed to $1.3666 from $1.3642 late in New York on Monday. The euro dipped to 83.11 British pence from 83.17 pence, while the pound rose to $1.6449 from $1.6401. The price of gold hit a three-month high at $1,287.80 an ounce on the London Bullion Market. It later stood at $1,282.76 an ounce, up from $1,277 on Monday.
Times of Oman
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