KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
A strike on Iran’s South Pars gas field has marked a significant escalation in the ongoing conflict, raising concerns over global energy security and intensifying geopolitical risks across markets. Energy Infrastructure Targeted for the First Time The attack hit Iran’s portion of the world’s largest natural gas field , shared with Qatar, damaging gas tanks and refinery facilities . This represents the first direct strike on major energy infrastructure in the Gulf during the conflict, a move widely seen as a turning point. Iran responded by warning neighbouring countries — including Saudi Arabia, the UAE, and Qatar — to evacuate key energy installations , signalling the potential for broader regional disruption. Escalation Raises Stakes for Global Energy Supply The development significantly increases the risk of supply shocks in global energy markets , as the Gulf region accounts for a large share of global oil and g...