Thursday 12 April 2012

STOCKS NEWS MIDEAST-Oman at 9-mth high; Kuwait extends gains - Yahoo! News UK

Oman's bourse rallies to a nine-month closing high as investors bet industrial stocks with report bullish earnings.
The index rises 1.3 percent to 5,981 points, its highest finish since July 17.
Raysut Cement jumps 6 percent, Al Anwar Holding climbs 4.8 percent and Al Jazeera Steel Products adds 3.5 percent.
"The market's underlying strength was intact and though we didn't see it perform well in Q1, earnings expectations are a trigger," says Kanaga Sundar, Gulf Baader Capital Markets head of research.

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