Muscat : MSM 30 Index continued its rally for the second consecutive session and closed at 6794.92 points, up by 0.50 per cent. MSM Shariah Index also rose by 0.32 per cent at 1083.45 points. OIFC was the most active in terms of volume as well as turnover due to a block deal. Al Sharqiya Investment was the top gainer and closed up by 3.47 per cent, while National Securities was the top loser and closed down by 4.26 per cent. Altogether 1,579 trades were executed in yesterday's session generating a turnover of OMR33.61 million with over 93.11 million shares traded. Out of 50 traded stocks, 28 advanced, 7 declined and 15 were unchanged. Foreign investors were net buyers to the tune of OMR110,000 worth of shares followed by GCC & Arab investors at OMR3,000 . Omani investors sold shares amounting to OMR113,000 . Financial Sector Index up by 0.38 per cent at 8175.18 points. Al Sharqiya Investment , Gulf Investment Services , Global Financial Investment , ONIC Holding and Bank Muscat increased by 3.48 per cent, 2.60 per cent, 1.94 per cent, 1.68 per cent and 1.30 per cent respectively. National Securities, Al Madina Takaful , Al Madina Investment and Bank Sohar declined by 4.26 per cent, 0.73 per cent, 0.63 per cent and 0.48 per cent respectively. The Industrial Sector Index up by 0.20 per cent at 10344.33 points. Gulf International Chemicals , Construction Material Industries , Al Hassan Engineering , Al Anwar Ceramic and National Aluminium Products increased by 1.90 per cent, 1.43 per cent, 1.20 per cent, 1.06 per cent and 0.51 per cent respectively. Jazeera Steel Product was the only loser and was down by 1.17 per cent to close at 338 baisas. Services Sector Index up by 0.30 per cent at 3642.44 points. National Gas , Nawras, ACWA Power Barka, Renaissance Services and Al Jazeira Services increased by 3.38 per cent, 1.40 per cent, 1.28 per cent, 0.55 per cent and 0.36 per cent respectively. Al Kamel Power was the only loser and was down by 0.71 per cent to close at OMR2.800 . European stocks retreat European stocks declined, following their biggest rally in two months, as investors awaited the outcome of a United States Federal Reserve meeting. United States stock- index futures were little changed, while Asian shares advanced. Rexel lost 1.3 per cent as Ray Investment sold a 7 per cent stake in the company. CGG, the largest seismic surveyor of oilfields, plunged the most since February 2009 . Zurich Insurance climbed 1.8 per cent after naming Swiss.'s George Quinn as its new chief financial officer. The Stoxx Europe 600 Index dropped 0.3 per cent to 312.59 in London . The measure added 1.3 per cent on Monday after euro-area manufacturing rose more than forecast. It has fallen 3.9 per cent this month as better-than-estimated US economic data led some investors to speculate the Fed will decide to slow bond purchases as early as this week. Standard & Poor's 500 Index futures slipped less than 0.1 per cent, while the MSCI Asia Pacific Index climbed 0.4 per cent. About 34 percent of economists surveyed on December 6 predicted that the Fed will start paring its $85 billion of monthly bond purchases when it concludes the two-day policy meeting on Wednesday. German investor confidence rose for a fifth month in December. The ZEW Center for European Research said its index of investor and analyst expectations rose to 62 from 54.6 in November.
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