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Many CEOs say that they expect the Kuala Lumpur Stock Exchange (KLSE) to perform even better in 2004.
THE stock market welcomed the smooth transition of political leadership yesterday with the KLSE Composite Index (CI) closing five points higher at a 38-month high of 817 points despite bouts of profit taking.
AS THE KLSE Composite Index (CI) continued its climb last week to breach the 800 mark, fund managers said they wouldn't be surprised to see the index touching 1,000 points within the next six to 12 months as more foreign funds find their way back to the bourse they had abandoned some years ago.
THE government of the Xuhui district of Shanghai announced last Sunday the employment of three senior professionals in the field of international business as 'officials with a US$1 (RM3.80) annual salary,' which is common in developed countries.
THE country's smooth leadership transition and the listing of Astro All Asia Networks plc next week could set the stage for another stock market surge similar to the one seen two weeks ago.
B>LEAVE IRAQ TO UN (Oct 12):/BThe Organisation of the Islamic Conference (OIC) has called for the eviction of foreign forces from Iraq and allow the United Nations to run Baghdad's affairs. This would be the prelude to the restoration of the country's independence and rebuilding of what has been destroyed over the past 20 years - all in accordance with a clear and short timetable, said OIC Secretary-General Dr Abdelouahed Belkeziz.
The local stock market continued to surge strongly yesterday, propelling the KLSE Composite Index (CI) briefly above 800 points before profit-taking pulled it back below the psychologically important mark.