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Bank Muscat Q4 profit drops in absence of insurance payout
Bank Muscat, Oman's largest lender, posted a 26.6 percent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates and suffering in comparison with a figure boosted by a one-off insurance payment last year. Despite failing to meet expectations, the bank's shares surged to close up 4.7 percent, against…
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Click here to read the full story: Reuters