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NBK Capital rates “Hold” on Ooredoo Oman

NBK Capital rates “Hold” on Ooredoo Oman
Photo Credit: Arabianeye-Reuters
Ooredoo
ORDS
0.98% 0.31 0.00

Muscat-Mubasher: Watani Investment Company (NBK Capital) set the fair value of Ooredoo Oman at OMR 0.83, with a “Hold” recommendation.

The telecom firm previously reported a profit rise to OMR 11.5 million in the second quarter of 2015, compared to OMR 9.9 million in the same quarter of 2014.

Profits reached OMR 10.7 million in the first quarter of 2015, compared to OMR 8.8 million in the same quarter of 2014, registering a rise by 21.6%.

Ooredoo’s stock added 0.5% to OMR 0.80 after trading 423,300 shares through 21 transactions, with a turnover of OMR 340,000.