(MENAFN- Muscat Daily) Muscat- Oman's MSM30 index fell 0.46 per cent to close Monday's session at 5,495.51.
Trading activity improved from the day before as turnover advanced 172 per cent to RO4.45mn and volumes soared 221 per cent to 28.83mn shares traded. Over 14mn Al Madina Investment shares were traded, with the stock accounting for nearly 49 per cent of total volumes.
The Financial subindex fell 0.51 per cent, while the Industrial index lost 0.55 per cent. The Services gauge gave up 0.19 per cent.
The MSM Shariah Index closed down 0.27 per cent at 847.65.
Market breadth remained negative as just three stocks closed higher, while 20 declined and 19 closed flat for the day.
Top gainers on the local bourse included alizz islamic bank, Gulf International Chemicals and Oman United Insurance which closed up 1.5 per cent, 0.4 per cent and 0.3 per cent, respectively. Top laggards included Oman Textile Holdings, Al Batinah Development & Investment and Renaissance Services.
India's Sensex sinks 1.5%
India's S & P BSE Sensex sank 1.5 per cent for its sixth day of losses amid concerns about the economic impact of the government's anti-corruption steps and capital outflows weighed on sentiment. The benchmark gauge has given up this year's gains since the government's November 8 decision to scrap 86 per cent of the currency notes in circulation.
There's concern the cash crunch will cool consumer demand when company earnings were on the mend, after falling in every quarter of 2015.
Philippine equities dropped 1.3 per cent, halting a three-day gain, while stocks in Indonesia declined for a second day. South Korea's Kospi index dropped 0.4 per cent while the nation's prosecutors said on Sunday that President Park Geun-hye had a role in an influence-peddling case, prompting rivals to call for her impeachment.
By special arrangement with Oman Arab Bank - Investment Management Group
- With inputs from Bloomberg
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