KUALA LUMPUR, MAY 24 — The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week given the cash market's positive outlook, a dealer said.

For the week just-ended, KLIBOR futures contract was actively traded.

Turnover rose sharply to 2,520 lots against nil last week while open interest more-than-doubled to 7,260 contracts.

On a Friday-to-Friday basis, June 2014, July 2014, August 2014 and September 2014 remained pegged at 96.55, 96.44, 96.39 and 96.34, respectively.

The underlying three-month Klibor stood at 3.43 per cent versus 3.40 last Friday. — Bernama