Oman International, Al-Anwar, Oman Cement Gain After EFG `Buy' Initiation

Oman International Development & Investment Co., Renaissance Services SAOG and Oman Cement Co. gained in Muscat trading after EFG-Hermes Holding SAE initiated coverage of the shares with a “buy” recommendation.

Oman International, an investment company, surged 9.7 percent, the most since June, to 0.409 rial at 12:31 p.m. in the sultanate’s capital. Renaissance, a provider of services to the oil and gas industry, gained 3.5 percent and Oman Cement rose 3.9 percent.

Al-Anwar Ceramic Tiles Co, which was also rated “buy” in new coverage at EFG, increased 2.8 percent.

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

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