1,570-1,600 for FBM KLCI

PETALING JAYA: The FTSE Bursa Malaysia (FBM KLCI) is expected to trade within a range of 1,570 to 1,600 points this week as investors will likely be focusing on the number of vaccination doses administered daily in the country, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.

“Downside risks to the FBM KLCI is the news that Saudi Arabia has unwound all its voluntary production cuts which could drag oil prices lower,” he said. — Bernama.