Oman bourse hits 10 month high

Muscat's bourse climbs to a ten-month high, catching up with gains on other Gulf markets as a strong fourth-quarter earnings season and upbeat economic prospects in Oman buoy sentiment. Shares in Bank Muscat, which forecast its credit growth will be around 14-15 percent this year, rise 0.2 percent. Oman's largest lender has agreed on an equity investment worth OMR75.1m (US$195.1m) from World Bank unit International Finance Corp, a move which will bolster its capital base. Muscat's index climbs 0.6 percent to 5,993 points, reaching its highest since April 2012. It has rallied since slumping to a three-year low in July. From:time of oman