Mubasher: NBK Capital, the investment arm of the National Bank of Kuwait, has affirmed its “Buy” recommendation on Bank Muscat, with a fair value of OMR 0.61, according to a recent statement
NBK Capital’s research unit forecast that Bank Muscat’s profits will remain unchanged in the fiscal year of 2016, and will grow 8% in 2017 and 2018 respectively.
Bank Muscat stock declined 1.38% to OMR 0.43 by the end of Wednesday’s trading session, after 1.55 million shares were exchanged with a value of about OMR 669,600.
