FBM KLCI hits highest level since 2018 as ringgit shines


KUALA LUMPUR: The FBM KLCI surged 1.4% to its highest level in over seven years, lifted by upbeat economic sentiment and a strengthening ringgit pushing past the 4.00 mark against the US dollar.

At closing, the market bellwether ended 24.08 points, or 1.4% firmer at 1,744.07, its highest since October 2018. The index moved between a low of 1,721.63 and a high of 1,746.98 throughout the trading session.

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