TH cutting exposure to stock market

Playing it safe: Zukri speaking at the press conference. He says about half of TH’s assets are in the stock market and that it is targeting to reduce this to 20.

KUALA LUMPUR: Lembaga Tabung Haji (TH) is targeting to reduce its exposure to the stock market next year, which will see the pilgrim fund divesting a portion of its stakes in 103 listed companies on Bursa Malaysia.

At a half-an-hour press briefing, group managing director and chief executive officer Datuk Seri Zukri Samat said that about half of TH’s assets were in the stock market and that it was targeting to reduce this to 20%.