KUALA LUMPUR (Jan 12): The main index at Bursa Malaysia pared some of its losses after having dropped below the 1,600-point level in the morning session following the reinstatement of the Movement Control Order (MCO) in several states. The Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah had today also consented to a proclamation of emergency for a period up to Aug 1, 2021, to contain Covid-19. The benchmark index pared its losses after Prime Minister Tan Sri Muhyiddin Yassin assured Malaysians that the declaration of state of emergency by the Agong earlier today does not entail a military coup and that the civilian government is still in place.