SC approves 24 syariah-compliant stocks

  • Business
  • Saturday, 28 May 2011

PETALING JAYA: The Securities Commission (SC) has included 24 newly-classified syariah-compliant securities and excluded five, for a total of 847 syariah-compliant counters on Bursa Malaysia.

In a statement yesterday, the SC said with the additions, syariah-compliant stocks currently represented 89% of the total 957 listed securities on Bursa Malaysia.

It also said that syariah-compliant securities were well represented in all sectors of the industry.

The additional Shariah-compliant securities approved by the SC’s Shariah Advisory Council were APFT Bhd, Asia Bioenergy Technologies Bhd, Asia Media Group Bhd, Benalec Holdings Bhd, Berjaya Food Bhd, Boilermech Holdings Bhd, Careplus Group Bhd, Century Software Holdings Bhd, Focus Lumber Bhd, Golden Plus Holdings Bhd, Ideal Jacobs (Malaysia) Corp Bhd, K. Seng Seng Corp Bhd, Kluang Rubber Co (M) Bhd, Land and General Bhd, Managepay Systems Bhd, Maxwell International Holdings Bhd, MClean Technologies Bhd, Pan Malaysian Industries Bhd, Petronas Chemicals Group Bhd, PJ Development Holdings Bhd, Smartag Solutions Bhd, SUNGEI BAGAN RUBBER CO (M) BHD, Tambun Indah Land Bhd and YTL E-Solutions Bhd.

The counters dropped were AEON Co. (M) Bhd, Baswel Resources Bhd, Lingui Developments Bhd, M3 Technologies (Asia) Bhd and Swee Joo Bhd.

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