SapuraKencana, Puncak fall after removal from SC Shariah list


KUALA LUMPUR: SapuraKencana Petroleum and Puncak Niaga were among the top losers in early Friday trade after they were among the 30 stocks removed from the Securities Commission’s Shariah compliant list.

However, IOI Corp was among the top gainers after it was still on the list though analysts were expecting the plantation heavyweight to be removed from the list.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Volvo Cars posts smaller profit for the second quarter
Bursa Malaysia higher at midday on stronger-than-expected 2Q GDP
Malaysia's inflation slows to 1.9% in June
Asean passenger EV sales projected to reach 916,997 units by 2035 - BMI
Malaysia's economy expands 5.8% in 2Q, advance estimates reveal
Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
Padini shares surge as MACC unfreezes accounts
Stocks stumble, oil set for weekly gain on renewed Gulf hostilities
Ringgit opens higher against major currencies, flat vs US$
FBM KLCI stays slightly higher ahead of 2Q GDP estimate

Others Also Read