Geopolitical risks, oil price surge to keep KLCI range-bound, says HLIB

KUALA LUMPUR: Heightened geopolitical tensions and rising oil prices, driven by the ongoing US-Iran impasse, are expected to keep the FTSE Bursa Malaysia KLCI index in a range-bound consolidation phase after gaining 28.5 points month-to-date, according to Hong Leong Investment Bank (HLIB).

Original source: New Straits Times