Bursa Malaysia Q3 pre-tax profit falls to RM61.6m

Bursa-Malaysia

KUALA LUMPUR: Bursa Malaysia Bhd’s pre-tax profit for the third quarter (Q3) ended Sept 30, 2016 fell to RM61.6 million from RM71.89 million in the same period last year.

Its revenue declined to RM119.4 million from RM128.83 million previously, it said in a filing to Bursa Malaysia today.

The bourse said the securities market’s performance continued to be influenced by global and local economic and market developments.

“The derivatives market activities, on the converse, will be influenced by volatility in commodity prices and the FBM KLCI.

“On the Islamic capital market front, the transactions of Bursa Suq Al-Sila are expected to be sustained with continuous demand for Murabaha contracts to aid liquidity management,” it said.

Going forward, the exchange said, it remained cautiously optimistic on its performance for the year and would continue with its initiatives in making the Malaysian equity and derivatives markets more attractive and vibrant.