Oil war, Covid-19 batter Bursa as KLCI hits lowest since Nov 2011

At Bursa, oil and gas stocks were battered by the price war, prompting Bursa Malaysia to suspend the short-selling of the counters.

KUALA LUMPUR: As markets struggled to cope with the fallout from the Covid-19 coronavirus, the oil war unleashed by Saudi Arabia sent markets in Europe to Asia and Malaysia reeling.

At 5pm, the FBM KLCI was down 58.94 points or 3.97% to 1,424.16. This was the lowest since November 2011. The KLCI is down 10.17% year-to-date.