BURSA Malaysia Bhd’s share price rose this morning on news that the company will see Abdul Wahid Omar as its new chairman.

As at 9.34am, the stock exchange manager rose seven sen to RM5.92 after 155,200 shares changed hands.

Bursa neither denied nor confirmed Wahid’s appointment when asked by Bernama.

Wahid has 17 years’ experience with government-linked companies, starting with the UEM-Renong Group (2001-2004), and followed by Telekom Malaysia (2004-2008) and Malayan Banking Bhd (2008-2013).

He was appointed chairman of Permodalan Nasional Bhd (2016-2018) following the completion of his term as senator and minister in the Prime Minister’s Department in charge of the Economic Planning Unit from June 2013 to June 2016.

He was succeeded by former Bank Negara Malaysia governor Zeti Akhtar Aziz as chairman of the country’s largest unit trust fund, which was established in 1978. – Bernama, April 17, 2020.