KUALA LUMPUR, Aug 24 (Bernama) -- Bursa Malaysia ended marginally lower on Monday as investors awaited further corporate earnings results for clearer market direction, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.15 of a point to 1,736.33 from last Friday’s close of 1,736.48. The benchmark index opened 1.83 points higher at 1,738.31, and fluctuated between 1,733.07 and 1,739.47 throughout the day. On the broader market, losers trounced gainers 714 to 482, while 539 counters were unchanged, 1,139 untraded and 46 suspended. Turnover decreased to 3.60 billion units valued at RM3.03 billion from 3.91 billion units valued at RM3.32 billion last Friday.
Global markets tumbled after fresh attacks on oil tankers in the Gulf reignited fears of a prolonged supply shock, sending crude prices above US$100 per barrel and reviving inflation concerns. Oil Breaks US$100 Barrier Brent crude jumped as much as 10.4% to US$101.59 before trimming gains. US crude rose 5.2% to US$91.82. The spike followed attacks on two fuel tankers in Iraqi waters and reports that Iraqi oil ports halted operations. Oman also evacuated vessels from its key export terminal as a precaution. Iran has warned oil...