Friday, 18 March 2011

Oman provides a renaissance for traders with stock rise - The National

Oman-based Renaissance Services rose as much as 4 per cent to its three-week high ahead of its subsidiary's $500 million London listing.

Topaz Energy and Marine announced its intentions to go public on Thursday, subject to the approval of shareholders at Renaissance's general assembly scheduled to take place on March 28.

Shares of Renaissance ended 2.1 per cent higher to 1.148. Oman's index lost 0.7 per cent to 6247.33.

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