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- Closing Bell: Saudi benchmark index edged up to close at 10,549
- Qatar property transactions reach $177m in late December
- Gold to $4,900, oil to $50s: Goldman's big 2026 trade call
- Global Islamic finance set to hit $6 trillion in 2026 as industry posts strong double-digit growth
- Asia Stocks Make Bright Start to 2026
- Saudi Fintech "barq" emerges fastest-growing digital wallet in the region as e-payment volume hits $84 billion
- Saudi Arabia's NDMC raises $13bn for infrastructure projects
- Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses
- Bahrain All Share Index, Islamic Index close lower
- NBK launches a new suite of updates and enhancements to its Mobile Banking App
30/04/2011 00:00 AST
The ringgit, which has remained firm at 2.96 per US dollar, is likely to extend its present uptrend next week.
A dealer said the ringgit was able to stay above the 3.00 mark due to continuous weakening of the US dollar and high commodity prices fueling speculation that policy makers in Asia would step up tightening efforts.
"With the speculation that Asian central banks will raise interest rates and US dollar remaining weak, ringgit will stay firm depending on Bank Negara Malaysia's stance," he said.
Such expectations would attract foreign funds seeking higher returns from the widening interest rate differentials between Malaysia and developed nations, especially the US which has keep rates low for an extended period.
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Business Times
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
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Saudi Arabia