KUALA LUMPUR, Nov 24 — Maybank Investment Bank Bhd believes the FTSE Bursa Malaysia KLCI (FBM KLCI) could still reach the 1,700 level by year’s end, provided there is positive price movement in the banking sector and certain counters.

In a note today, the investment bank said this includes positive price movement in Tenaga Nasional Bhd (TNB), Gamuda Bhd, IHH Healthcare Bhd and Press Metal Aluminium Holdings Bhd.