$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ reached its highest level in nearly four years, driven by a surge in banking stocks that fueled a strong rally in the benchmark index.
At the lunch break, the index had risen by 22.7 points to 1,674.99, marking its highest point since December 2020. Key contributors to this increase included major players like Maybank, CIMB, and Public Bank.
This week, banking stocks are in the spotlight as financial reports are expected to be released in the final days of the second-quarter results period.
