Bursa Malaysia likely to trade in cautious mode with upside bias this week


KUALA LUMPUR, Aug 1 (Bernama): Bursa Malaysia is expected to trade in cautious mode with an upside bias, with the benchmark index hovering within a range of between 1,500 and 1,520 points this week, a dealer said.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said investors are expected to remain cautious amid heightened uncertainties surrounding the political scene as well as the high number of daily Covid-19 positive cases and concern over its impact to the economy.

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