Bank Nizwa surged as much as 17 percent as Oman’s first Islamic lender started trading in Muscat on investor speculation demand for Shariah-compliant services will grow.
The shares, which have a nominal value of 0.100 rial, jumped to as high as 0.119 rial before trimming gains to close at 0.115 rial. Oman’s benchmark MSM30 Index (MSM30) declined 0.5 percent, the most in a week………………………………………..Full Article: Source