Thursday 18 August 2011

Omani shares rebound as Renaissance fights back - The National

Omani oil services firm rebounded from an all time low ahead of a conference call with investors to discuss second quarter results.

Shares of Renaissance Services jumped 10 per cent, following three days of declines after it reported fraud at its Topaz unit and posted a 77 per cent drop in net profit for the first half of the year. The stock was down 26 per cent prior to market open.

Oman's benchmark was up 0.7 per cent to 5526.45 points.

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