Investors bought up shares in Oman Cables Industry (OCI), an Omani cable-maker, after the company posted a 73.2 per cent rise in annual profit for last year, and offered a 70 per cent cash dividend.
OCI jumped 7.1 per cent to close at 1.323 rials, the highest level in more than two years.
"The volumes have started moving in the right direction, and the bulk of the demand is coming from the local market, while some is from the regional market," said Kanaga Sundar, the head of research at Gulf Baader Capital Markets in Muscat.
Investors buy Oman Cables shares as company reports profit rise - The National
No comments:
Post a Comment