KUALA LUMPUR (AFP) – Shares in AirAsia, Southeast Asias biggest budget airline, lost almost nine percent in Kuala Lumpur Monday after one of its jets disappeared with 162 people on board.But analysts said the impact on the low-cost sector would be limited owing to its popularity.The firm slumped 12 percent to 2.60 ringgit at the open but recovered slightly to sit at 2.69 ringgit, still down 8.50 percent, at the close.It was AirAsias biggest drop since 2011. The Kuala Lumpurs benchmark index rose 0.23 percent.About 102 million AirAsia shares were traded, making it the bourses most active stock.The Airbus disappeared …read more
Source: Dunya TV
