Blue chips lead the way as KLCI rises 9.22 points

The stock market saw active trading yesterday as focus fell on blue chips and selected lower liners.

Analysts: PGas H1 net profit within targets

Analysts concur that Petronas Gas Bhd's (PGas) net profit of RM551.3mil for the first half ended Sept 30 was well within expectations, with some saying the stock remains attractive for long-term investments.

Tanjung Offshore's profit higher by 84%

Tanjung Offshore Bhd reported close to 84% jump in net profit to RM5.7mil in the third quarter to Sept 30 compared to RM3.1mil in the previous year's corresponding quarter.

News in brief

KL market remains bullish

MAIN BOARD by G.M. Teoh

Saudi Aramco looks to Asia for materials supply

Global petroleum company Saudi Arabian Oil Co (Saudi Aramco) plans to source half of its materials and services from the Asian region, which now accounts for 25% to 40% of the total.

Malaysia to help Laos to develop investment machinery

Malaysian Prime Minister Abdullah Ahmad Badawi on Friday urged his country's businessmen to invest in Laos.

Full-fledged corporate investment banking for BIMB

Bank Islam Malaysia Bhd (BIMB) has set up a full-fledged corporate investment banking division as part of a broader move to transform the bank into a global Islamic banking player.

KLCI in holding pattern

Main board: By G.M. TEOH

Aker Kvaerner bids for Gemusut exploration job

Aker Kvaerner, a Norwegian oil and gas engineering group, has submitted a bid for the Petronas-Shell joint development of deepwater exploration job in Gemusut, offshore Sabah.