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KUALA LUMPUR: Late buying of selected stocks including Petronas Chemicals, IHH Healthcare and Maxis helped shore up the FBM KLCI to close higher for the second day on Friday.
KUALA LUMPUR: The Malaysian stock market suffered one of the worst days of 2014 as the key FBM KLCI fell sharply on foreign selling of Petronas-related stocks, banks and power company Tenaga Nasional.
KUALA LUMPUR: Maybank Investment Bank Research has upgraded Petronas Chemicals (PetChem) to a Buy from Hold as the recent share price selloff has offered an attractive entry price.
DUBAI: Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which U.S. petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying.