Renaissance Services SAOG led gains in Oman after the provider of services to the oil and gas industry reported a higher-than-expected increase in 2011 revenue.
The shares surged 6.4 percent, the steepest rise in more than five months, to 0.552 Omani rial, at the 1 p.m. close in Muscat. The benchmark MSM30 Index rose 0.5 percent to 5,636.86, the highest level in a month.
Revenue increased 14 percent to 290 million rials ($753 million), the Muttrah, Oman-based company said in a statement to the Muscat bourse today. The median estimate of five analysts was for revenue of 277 million rials, according to data compiled by Bloomberg.
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