Bloomberg News

Persian Gulf Stocks: Oman Cement, Oman International Bank Moved

May 16, 2012

The DFM General Index (DFMGI) slumped to the lowest level since Feb. 2, losing 1.4 percent to 1,466.08 at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index (ADSMI) fell 0.3 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Oman Cement Co. (OCOI) rose the most in two weeks, gaining 2 percent to 0.66 rial. The Omani maker of the building material was one of the three largest additions to MSCI Inc. (MSCI:US)’s Frontier Market Index in its May 2012 Index Review.

Oman International Bank SAOG (OIBB) advanced the most since March 22, climbing 2.7 percent to 0.231 rial. The company which is merging its operations with HSBC Holdings Plc (HSBA) was another one of the three largest additions to MSCI’s Frontier Market Index.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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Companies Mentioned

  • MSCI
    (MSCI Inc)
    • $46.4 USD
    • -0.33
    • -0.71%
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