KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Tensions in the Middle East are boiling over — again. But this time, it’s not just a regional issue. The U.S. could be pulled directly into the conflict. Here’s what you need to know: President Trump is raising the pressure on Iran , fueling fears that Washington may soon join Israel’s ongoing strikes on Tehran. This conflict has already rattled oil markets — and it could be just the beginning. "Not a Ceasefire. An End." Trump didn’t mince words. After leaving the G7 meeting early, he told reporters: “An end. A real end. Not a ceasefire.” That comment sparked immediate speculation — was the U.S. about to join Israel’s military campaign? Meanwhile, Israel’s Defense Minister declared that " very significant targets " in Tehran would be hit. The airstrikes have already stretched into their fifth straight day , targeting Iranian nuclear and military infrastructure. Satellite images show that Israel struck Iran’s Natanz uranium enrichment facility , one of the c...