Iran Postpones Full Airspace Reopening Till Saturday

TEHRAN, June 27 (Bernama-Xinhua) -- Iran has postponed the full reopening of its airspace until Saturday afternoon, according to Xinhua, citing a report by the official news agency IRNA.

Escalating Tension In Middle East Raises Cost Concerns Among Travellers, Insurers

By Karina Imran

KUALA LUMPUR, June 27 (Bernama) — Air travellers and insurance companies are deeply concerned over possible rise in costs brought on by the escalating geopolitical tension in the Middle East which has led to abrupt closure of major airports in the region, which serve as among the busiest aviation hubs.

Rubber Market Ends Mixed

By K. Naveen Prabu

KUALA LUMPUR, June 26 (Bernama) -- The Malaysian rubber market ended mixed today amid an uptrend in the regional rubber futures markets, a dealer said.

MIDF Amanah: Strait Of Hormuz Closure Poses Limited Risk To Malaysia

KUALA LUMPUR, June 26 (Bernama) -- The possible closure of the Strait of Hormuz following the recent Iranian parliamentary vote poses limited risk to Malaysia, said MIDF Amanah Investment Bank Bhd.

Gold Futures End Mostly Higher, Gains Capped By Easing Middle East Tensions

By Abdul Hamid A Rahman

KUALA LUMPUR, June 25 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives ended mostly higher on Wednesday, as easing geopolitical tensions in the Middle East capped gains, said SPI Asset Management managing partner Stephen Innes.

CPO Futures End Lower Amid Weaker Soybean Oil Prices

By K. Naveen Prabu

KUALA LUMPUR, June 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, influenced by declining soybean oil prices on the Chicago Board of Trade.

Ringgit Rises Against Greenback, Major Currencies At Close

By Abdul Hamid A Rahman

KUALA LUMPUR, June 25 (Bernama) -- The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback. 

Bursa Malaysia Ends Higher On Regional Gains, Middle East Optimism

By Anas Abu Hassan

KUALA LUMPUR, June 25 (Bernama) -- Bursa Malaysia ended on a positive note today with the key index rising 0.36 per cent amid renewed optimism across the board, tracking advancers in key regional markets following encouraging developments in the Middle East, an analyst said.  

Rubber Market Ends Lower On Mixed Regional Cues, Stronger Ringgit

By K. Naveen Prabu

KUALA LUMPUR, June 25 (Bernama) -- The Malaysian rubber market ended lower today, amid mixed cues from regional rubber futures markets, a dealer said.

Bursa Malaysia Higher At Midday

KUALA LUMPUR, June 25 (Bernama) -- Bursa Malaysia ended today’s morning session firmer amid improved sentiment and risk appetite following the development of a ceasefire between Israel and Iran.

Geopolitical Tensions, Abrupt Airspace Closures Keep Malaysian And Global Airlines On High Alert

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s aviation sector is on high alert, prioritising safety to avoid a repeat of the downing of Malaysia Airlines flight MH17 more than a decade ago. The heightened caution follows a wave of airspace closures by Arab states after Iran launched a missile strike on a United States (US) base in Qatar.

Bursa Rises At Open, Tracks Wall Street Rally

KUALA LUMPUR, June 25 (Bernama) -- Bursa Malaysia rebounded to open higher on Wednesday, tracking Wall Street’s overnight rally as sentiment improved amid easing Middle East tensions, an analyst said.