Persian Gulf Equity Preview: BankMuscat and Saudi Cooperative
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
BankMuscat SAOG (BKMB) : SMN Power Holding SAOG, a venture between International Power Plc, Mubadala Development Co. and Oman’s National Trading Co., started an initial share sale of a 35 percent stake in the company. BankMuscat, Oman’s biggest bank by assets, is the financial adviser. The shares fell 0.6 percent to 0.686 rial.
Saudi Cooperative IAIC Insurance Co. (SALAMA) : The Islamic insurer known as Salama obtained approval for 25 outlets. The shares rose 0.7 percent to 31.1 riyals.
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