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RESORTS World Bhd share price has surged more than 28% or RM2.15 from its recent low of RM7.55 posted in April when many were dumping the shares amid worries over the impact of Severe Acute Respiratory Syndrome (SARS) outbreak on the company#039;s earnings.
SYARIAH funds should not be sidelined and perceived by investors as generating lower returns than conventional unit trust funds which are mainly equity-based, according to Pacific Mutual Fund Bhd chief executive officer Michael Auyeung.
AFTER a long spell of listless movements, the KLSE Composite Index (CI) made an important 8.6-point breakout yesterday to close above the 650 psychological level, with sentiments buoyed by the government#039;s RM8.1bil economic package announcement, as well as the positive comments on the US economy by Federal Reserve chairman Alan Greenspan.