Persian Gulf Stocks: Oman Cement, Oman International Bank Moved
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)’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.
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