(MENAFN- Muscat Daily) Muscat- Oman's benchmark MSM30 index moved into consolidation phase on Sunday, inching down 0.01 per cent to 5,416.96.
Trading activity deteriorated from the day before as turnover fell 46 per cent to RO1.01mn and volumes declined 53 per cent to 5.27mn shares traded.
The Financial and Industrial subindices inched down 0.01 per cent, while the Services gauge closed flat. The MSM Shariah index closed up 0.07 per cent at 839.81.
Market breadth remained neutral as four stocks posted gains, against six decliners, while 16 scrips closed flat for the day.
Top gainers included Bank Nizwa, A'Sharqiya Investment and Oman National Engineering. Top laggards included Global Financial Investment, Al Madina Investment and Al Hassan Engineering.
Among the other regional markets, the DFM general index in Dubai dropped for a third day, falling 1.3 per cent to 3,232.94, the lowest level since May. Abu Dhabi's ADX general index fell 1.1 per cent and Qatar's QE index retreated 0.9 per cent.
The biggest emerging-market stock sell-off in more than a year extended to the Gulf on concern US president-elect Donald Trump will change oil agreements and his nation's relationships with Saudi Arabia and Iran.
Saudi Arabia's Tadawul all share index bucked the trend and advanced for a seventh straight day as about 90 per cent of its 176 members rose.
Egypt's EGX 30 index, the most volatile gauge in the world after Venezuela's, extended its rally to 12 days, the longest winning streak on record.
Kuwait's SE price index was little changed. The Bahrain Bourse all share index gained 0.1 per cent.
By special arrangement with Oman Arab Bank - Investment Management Group
- With inputs from Bloomberg
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