KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Dubai’s rise as a global hub for the ultra-wealthy is now being tested, as geopolitical tensions in the Middle East threaten to disrupt capital flows, property demand, and investor confidence . Luxury Boom Built on Global Wealth Inflows In recent years, Dubai has seen a surge in high-net-worth individuals (HNWIs) relocating to the city, driving: Sharp increases in luxury property prices Growth in tax revenues and financial activity Expansion into private credit, tech, and global investments The broader Gulf region has leveraged its oil wealth to become a key player in global capital markets, with Dubai acting as a central hub. Iran War Introduces New Risk Layer The ongoing conflict has introduced a direct geopolitical threat to the region’s stability. Recent developments include: Drone strikes targeting residential areas in Dubai and Abu Dhabi Attacks on energy infrastructure across the Gulf These events raise concerns over: Sa...