Thursday 29 December 2011

Alam Maritim gains on securing contract

Alam Maritim Resources Bhd, a Malaysian oil and gas services provider, climbed to the highest level in almost three weeks in Kuala Lumpur trading after securing a RM29.8 million (US$9.4 million) offshore transportation and installation contract.

The stock gained 2.7 percent to 76 sen at 9:02 a.m. local time, set for the highest close since Dec. 9. -- Bloomberg



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