Led by selling in banking and telecom stocks, the MSM30 Index had a subdued session to close at 5,779.81 points. The MSM Sharia Index was unchanged at 871.39 points. Ooredoo was the most active in terms of volume while Omantel led in turnover. Oman Cement, up 2.04 per cent, was the top gainer while National Aluminium was the top loser with a loss of 5.26 per cent.
A total number of 524 trades were executed on Tuesday, generating turnover of OMR2.21 million with 5.33 million shares changing hands. Out of 34 traded securities, 3 advanced, 13 declined and 18 remained unchanged. At the session close, Foreign investors were net buyers for OMR158,000 followed by GCC & Arab investors for OMR134,000 while Omani investors were net sellers for OMR292,000 worth of shares.
Financial Index retreated 0.49 per cent to end at 7,853.47 points. Bank Nizwa, Al Batinah Development, Bank Muscat, NBO and HSBC Bank declined 1.14 per cent, 1.01 per cent, 0.83 per cent, 0.80 per cent and 0.76 per cent respectively.
Industrial Index closed at 7,521.95 points, up 0.14 per cent. Oman Cement and Al Anwar Ceramics gained 2.04 per cent and 0.55 per cent respectively. National Aluminium and Galfar Engineering declined 5.26 per cent and 1.06 per cent respectively.
Services Index ended negatively at 3,022.84 points, down 0.19 per cent. OIFC, up 1.99 per cent, was the only gainer. SMN Power, Omantel and Ooredoo declined 1.14 per cent, 0.68 per cent and 0.63 per cent respectively.
Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.
However, concerns prevailed ahead of earnings season and macroeconomic data, to be released later this week.
Furthermore, rupee recovering against the dollar to 67.99 (intra-day) also influenced sentiment.
The BSE benchmark Sensex opened higher at 26,811.63 and hovered in a range of 26,914.95 to 26,804.17 before finishing at 26,899.56, showing a gain of 173.01 points or 0.65 per cent.
In the US, major stock indices closed mixed on Monday, with and utilities lagging, as investors geared up for the start of earnings season and digested falling oil prices. The Nasdaq composite hit a new all-time closing high.
The BSE Mid-Cap index provisionally rose 0.8 per cent. The BSE Small-Cap index provisionally advanced 0.7 per cent. Both these indices outperformed the Sensex.
Back home, out of the 30-share Sensex, 22 scrips ended higher.
Major gainers were Adani Ports 3.25 per cent followed by Tata Motors 2.99 per cent, Tata Steel 2.10 per cent, Asian Paints 1.54 per cent, HDFC Bank 1.46 per cent, ITC 1.26 per cent, Reliance 0.93 per cent, ICICI Bank 0.89 per cent, Hero Motoco 0.86 per cent and Sun Pharma 0.85 per cent.
However, Axis Bank fell by 1.17 per cent followed by Dr Reddy 0.58 per cent, HDFC 0.47 per cent and NTPC 0.43 per cent.
Among BSE sectoral indices, industrials rose by 1.56 per cent, followed by metal 1.31 per cent, auto 1.26 per cent, capital goods 1.02 per cent, consumer durables 1.01 per cent, power 0.83 per cent, FMCG 0.78 per cent and oil & gas 0.74 per cent, while realty fell by 0.42 per cent.
The market breadth remained positive as 1,664 shares ended higher, 1,150 closed lower while 128 ruled steady.
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Also in today's EMEA regional roundup: Teléfonica sells 40% of Telxius to investment group; OBS lands smart cities deal in Qatar; 3 enters the Matrixx; balloon goes up for EE.