LAST close (March 21) 623.1 points, up 5.9 points from a week ago. Week’s high: 627.5 points: Week’s low: 602.0 points.
The Malaysia Derivatives Exchange (MDEX) KLCI futures prices dropped in early trading and created new life-of-contract low and rebounded on moderately active short-covering and speculative buying before closing the week in the plus territory. The start of the war on Iraq and news that the Malaysian economic stimulus package due for release on April 7 would be brought forward to an earlier date encouraged buyers. Speculative people who anticipated an early end to the war in Iraq and limited damaged to the oil field there took advantage of the early declines to enter the market last week.
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