Rex up 4.6% after green light for Oman oilfield

Singapore

SHARES of Catalist-listed Rex International gained 4.6 per cent on Friday after it announced that Oman authorities approved its plan to develop the Yunma field, which is part of its Block 50 licence.

Shares of the oilfield services firm sank to an intra-day low of 18.5 Singapore cents at 9.54am before rising to an intra-day high of 19.3 Singapore cents minutes after the midday break, up from Thursday's close of 17.6 Singapore cents.