Deals
Oman Shares Rise to Highest in Week After HSBC Merger Report
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Oman’s benchmark stock index rose to the highest in more than a week after a report the central bank will discuss a possible merger between the local unit of HSBC Holdings Plc and Oman International Bank SAOG.
Oman International surged the most since October, rising 3.7 percent. Transgulf Investment Holding Co., a food, packaging and financial services company, climbed to the highest in more than a year. The MSM30 Index advanced 0.6 percent to 5,957.76, the highest since March 14, at the 1 p.m. close in Muscat, taking this week’s gain to 0.1 percent. The measure has added 4.6 percent this year.