Thursday, July 5, 2012

Cash-rich funds, election rally pushes KL shares to new heights

Cash-rich funds, election rally pushes KL shares to new heights: KUALA LUMPUR, July 5 — Cashed up private and government institutions in search of higher yields ahead of another round of money printing expected to be implemented by Western countries are driving the benchmark FBM KLCI index to record territory. The FBM KLCI hit a new high yesterday of 1613.75 ahead of hopes that the European Central Bank and the ...


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