KLCI futures to trade higher next week

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, tracking the positive movement of the underlying cash market.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the key index would move near the 1,600 psychological level as investors returned from their long holiday break.