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Malaysian Airlines stock reaches 12-year low

31-May-2011 10:24 AM

Malaysian Airlines reached a 12-year low in Kuala Lumpur trading ahead of its removal from the MSCI Malaysia Index (Business Times, 30-May-2011). The stock lost 6.2% to MYR1.36 at 11:11 local time, set for its lowest close since Apr-1999. The change will take place as of the close tomorrow, MSCI said in a statement on its website.