Bleak corporate earnings ahead

The Kuala Lumpur composite index climbed 1.2 percent to 1,663.51, the highest close since Dec. 8, with Petronas Chemicals Group and Tenaga Nasional most actively traded by turnover.

Sluggish global economic outlook and weak domestic consumption among contributing factors

PETALING JAYA: There are signs emerging that overall corporate earnings during the current results season will be weaker than last year.