Muscat : MSM30 Index closed with gains at 7157.14 points, up by 0.16 per cent. MSM Sharia Index closed at 1128.30 points, up by 0.13 per cent. Gulf Investment Services was the most active in terms of volume as well as turnover. National Gas remained as the top gainer and closed up by 9.80 per cent while Al Madina Investment was the top loser and closed down by 4.26 per cent. A total number of 3,695 trades were executed in yesterday's trading session generating turnover of OMR23.06 million with over 72.7 million shares traded. Out of 61 traded stocks, 25 advanced, 11 declined and 25 were unchanged. Foreign investors switched to net buyers for OMR133,000 followed by Omani investors for OMR69,000 while GCC & Arab investors switched to net sellers for OMR202,000 worth of shares. Financial Sector Index up by 0.28 per cent at 8597.59 points. Oman & Emirates , Gulf Investment Services , Al Sharqia Investment , ONIC Holding and Al Anwar Holding increased by 7.61 per cent, 6.43 per cent, 5.00 per cent, 3.70 per cent and 3.59 per cent respectively. Al Madina Investment , HSBC Bank Oman, Bank Dhofar and Ahli Bank declined by 4.26 per cent, 0.57 per cent, 0.53 per cent and 0.50 per cent respectively. The Industrial Sector Index up by 0.49 per cent at 11022.20 points. Dhofar Cattlefeed, Oman Cement , Construction Material Industries , Galfar Engineering and Salalah Mills increased by 9.09 per cent, 2.39 per cent, 1.43 per cent, 0.69 per cent and 0.66 per cent respectively. Voltamp Energy and Jazeera Steel Product declined by 0.79 per cent and 0.52 per cent respectively. Services Sector Index marginally down by 0.09 per cent and closed at 3779.22 points. National Gas , Sohar Power , Nawras, Renaissance Services and Sharqiya Desalination Co increased by 9.80 per cent, 0.89 per cent, 0.66 per cent, 0.50 per cent and 0.46 per cent respectively. Shell Oman Marketing , Port Services Corp , OIFC, Oman Telecom and Sembcorp Salalah declined by 1.06 per cent, 1.02 per cent, 0.34 per cent, 0.32 per cent and 0.25 per cent respectively. Emerging stocks drop Emerging-market stocks fell for a third day on concern slower Chinese growth and less US stimulus will spark more outflows. The lira rose after Turkey's central bank said it would take steps to stabilise prices. A Chinese measure in Hong Kong and equity gauges in the Czech Republic , Hungary and Ukraine tumbled at least 1.1 per cent. The MSCI Emerging Markets Index dropped 1.6 per cent to 934.88 as of 11:49am in London , headed for the lowest close since September 30 . The combination of weaker Chinese manufacturing, political turmoil from Turkey to Thailand and the devaluation of Argentina's peso has shaken investor confidence at a time when the Fed is scaling back the bond-buying program that had fuelled inflows into emerging markets. Developing-market equity volatility has jumped the most in two years. The Chicago Board Options Exchange Emerging Markets ETF Volatility Index rose 40 per cent to 28.26 last week, the biggest increase since September 2011 .
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