KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Takeaways: President Trump said Israel’s Prime Minister Benjamin Netanyahu ordered the strike in Qatar, not the US. Trump assured Qatar’s Emir that such an incident “will not happen again,” signaling efforts to contain fallout with a key US ally. The strike killed five Hamas members in Doha , including the son of a senior Hamas leader. Qatar, a critical mediator in Gaza ceasefire and hostage negotiations, rejected US claims of prior warning. The escalation heightens geopolitical risk in the Gulf , with potential implications for energy markets and regional stability. US Seeks to Contain Fallout President Donald Trump said on Tuesday that the Israeli airstrike in Qatar, aimed at Hamas leaders, was not an American decision but one taken by Israel’s Benjamin Netanyahu. Trump emphasized that striking “inside Qatar, a sovereign nation and close ally of the US” undermines both American and Israeli interests, even as he reiterated support for dism...