Malaysian stocks rebound amid calmer political situation

Dr Mahathir is expected to be made the 8th Prime Minister, as apparently he has the most support from the 222 Members of Parliament. - AP

KUALA LUMPUR, Feb 25 (The Star/ANN): Malaysian stocks and currency rebounded Tuesday (Feb 25) morning after the King appointed former Prime Minister Tun Dr Mahathir Mohamad as the interim PM to ease the political crisis.

At noon break, the key FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.67 points or 0.7% to 1,500.73. Bernama reported that the market was backed by institutional investors.

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Malaysia , politics , stocks , KLCI , Mahathir , government


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