KUALA LUMPUR (Oct 24): The FBM KLCI gained 7.78 points or 0.5% on speculation Malaysia may hold its next general election earlier than expected after the country announced Budget 2017. Today, the KLCI closed at 1,677.76 points following last Friday's budget announcement. There is talk that the latest budget is an election budget, and there have been rumours going around in the market that the election would be within the next six months." "Generally, when an election is expected, there would be some excitement in the market," Wong told theedgemarkets.com. Carlsberg Brewery Malaysia Bhd led decliners while British American Tobacco (M) Bhd was the top gainer.

Source: The Edge Markets October 24, 2016 09:33 UTC