Persian Gulf Stocks: Oman International Bank, Waha Capital

Oman’s benchmark MSM30 Index (MSM30) gained 0.6 percent, the most since March 13, to 5,957.76 at the 1 p.m. close in Muscat, taking this week’s gain to 0.1 percent. Dubai’s DFM General Index rose 0.3 percent.

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

Oman International Bank SAOG (OIBB) surged the most since October, rising 3.7 percent to 0.282 rial. Oman’s central bank will discuss the possible merger between Oman International Bank and HSBC Holdings Plc (HSBA)’s unit in the country on March 25, the regulator said in an e-mailed statement.

Waha Capital PJSC (WAHA) advanced 7.5 percent, the most since July 2010, to 72 fils. The Abu Dhabi-based investment and leasing company said its board recommended a dividend of 5 fils.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

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

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