The FBM KLCI index gained more than 25 points in late afternoon trade on Monday.Local sentiment improved after Prime Minister has announced a government equity investment firmwould be given 20 billion ringgit i.e $4.6 billion to shore up the country's stock market, and announced other measures to support its slowing economy. The FBM KLCI index is expected to trade with bullish sentiment. The KLCI index had crossed the level of 1614 and it may reach the level of 1660 in near term.
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