Muscat : The MSM 30 Index continued its rally for the fourth session in a row and closed at 6931.91 points, up by 0.47 per cent. MSM Sharia Index also increased up 0.33 per cent at 1109.61 points. Al Hassan Engineering was the most active in terms of volume as well as turnover. United Finance was the top gainer and closed up by 4 per cent, while Sweets of Oman was the top loser and declined by 4.26 per cent. Altogether 1,660 trades were executed in yesterday's session generating a turnover of OMR8.94 million with over 22.93 million shares traded. Out of 58 traded stocks, 26 advanced, 7 declined and 25 were unchanged. Omani investors were net buyers to the tune of OMR457,000 . Foreign investors sold shares amounting to OMR395,000 followed by GCC & Arab investors at OMR63,000 . Financial Sector Index was up by 0.54 per cent at 8277.17 points. United Finance , Taageer Finance , United Insurance , Oman Orix Leasing and National Bank of Oman increased by 4 per cent, 2.63 per cent, 2.33 per cent, 1.97 per cent and 1.82 per cent respectively. Financial Services, AlIzz Islamic Bank , Global Financial Investment and Al Anwar Holding declined by 1.24 per cent, 0.92 per cent, 0.63 per cent and 0.51 per cent respectively. The Industrial Sector Index was up by 0.54 per cent at 10598.23 points. Voltamp Energy , Al Anwar Ceramic, National Aluminum Products, Jazeera Steel Products and Al Hassan Engineering increased by 2.85 per cent, 2.37 per cent, 1.91 per cent, 1.69 per cent and 1.14 per cent respectively. Sweets of Oman was the only loser in the sector and was down by 4.26 per cent to close at 900 baisas. Services Sector Index increased by 0.22 per cent and closed at 3700.85 points. Sharqiyah Desalination, Oman Telecom , OIFC, Al Jazeira Services and Sembcorp Salalah increased by 2.79 per cent, 1.65 per cent, 0.74 per cent, 0.34 per cent and 0.26 per cent respectively. National Gas and Al Maha Marketing declined by 0.41 per cent and 0.02 per cent respectively. Emerging stocks drop Emerging-market stocks fell a third day, with Chinese shares dropping to a five-month low as a services report pointed to slower growth in the world's second-largest economy. Natural gas and wheat climbed as the coldest air in two decades sweeps across the United States . The MSCI Emerging Markets Index lost 0.8 per cent in London and the Shanghai Composite Index dropped 1.8 per cent. The Stoxx Europe 600 Index was little changed and Standard & Poor's 500 Index futures swung between gains and losses. The yen gained, while Turkey's lira weakened past 2.19 per dollar. Germany's 10-year bund yield fell two basis points to 1.92 per cent. Natural gas, 2013's biggest gainer on the S&P GSCI Index, rose 0.4 per cent. Wheat added 0.4 per cent. Gauges on the non-manufacturing sector in China and India fell, while private reports on services industries for Germany and the US are also due today. Natural gas is extending a 23 per cent jump since November 1 as temperatures plunge in the US, boosting fuel prices and damaging crops. Janet Yellen is poised for confirmation by the Senate today as head of the Federal Reserve, which begins reducing bond buying this month. This year "is going to be a year of consolidation," said Matthew Sherwood , the head of investment-markets research in Sydney at Perpetual Investments, which has $25 billion fund. " China's growth is slowing down structurally. Our expectation out of China's economy is it will grow just over seven per cent this year."
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