11/02/2014 09:25 AST
The MSM 30 index witnessed a choppy session and closed at 7159.55 points, marginally up by 0.09 per cent. MSM Sharia Index also gained 0.07 per cent at 1126.47 points.
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 9.86 per cent. National Securities, which was the top loser, declined by 4.90 per cent.
Altogether 2,114 trades were executed in yesterday's session generating a turnover of OMR10.51 million with over 33.49 million shares traded. Out of 61 traded stocks, 20 advanced, 15 declined and 26 were unchanged. Omani investors switched to net buyers to the tune of OMR133,000 worth of shares, followed by Arab investors at OMR23,000. Foreign investors sold amounting to OMR132,000 followed by GCC investors at OMR24,000.
Financial Sector Index was marginally up by 0.05 per cent at 8550.00 points. Financial Services, Gulf Investment Services, Global Financial Investment Services, Financial Corp and Oman& Emirates increased by 3.11 per cent, 2.03 per cent, 1.64 per cent, 1.41 per cent and 1.39 per cent . National Securities, Oman Takaful, Al Madina Investment, Al Anwar Holding and Al Madina Takaful declined by 4.90 per cent, 1.85 per cent, 1.48 per cent, 1.04 per cent and 0.72 per cent respectively.
The Industrial Sector Index was up by 0.27 per cent at 11090.96 points. Sweets of Oman, Galfar Engineering, National Aluminum Prioducts, Al Anwar Ceramic and Oman Cables increased by 7.23 per cent, 2.09 per cent, 1.43 per cent, 0.66 per cent and 0.21 per cent respectively. Construction Material Industries, Al Hassan Engineering and ASaffa Foods declined by 1.49 per cent, 1.16 per cent and 0.46 per cent respectively.
Services Sector Index was down by 0.04% and closed at 3776.90 points. United power, Majan College, National Gas and Al Maha Marketing increased by 9.86 per cent, 2.22 per cent, 1.71 per cent and 0.16 per cent respectively. Sharqiyah Desalination, Port Services Corporation, OIFC and Sembcorp Salalah declined by 1.19 per cent, 1.06 per cent, 0.35 per cent and 0.26 per cent respectively.
Emerging stocks fall
Emerging-market stocks fell for the first time in three days as concern that industrial output in developing nations is slowing outweighed a rally in Chinese shares. Hungary's forint led declines in currencies.
Turkiye Garanti Bankasi led a retreat in the Borsa Istanbul 100 Index, which lost the most among developing-country peers. Ukrainian shares dropped for the first time in a week following anti-government demonstrations in Kiev yesterday. BYD, a Chinese automaker, soared 10 per cent in Shenzhen after the government said it will continue incentives on electric vehicles beyond 2015 to help lower emissions. The forint lost 1.1 per cent versus the euro.
The MSCI Emerging Markets Index decreased 0.1 per cent to 936.17 in London, the first drop in three days. The HSBC Emerging Markets Index, a monthly indicator derived from the purchasing managers' index surveys, fell again.
Times of Oman
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