KUALA LUMPUR (Nov 3): The FBM KLCI pared some of its gains at mid-morning as some mild profit taking appeared to set in at the local bourse, despite the uptrend at most global markets on improved sentiment.

At 10am, the FBM KLCi was up 0. 86 points to 1,856.01. The index had earlier climbed to 1,856.82.

The top gainers included Dutch Lady, Tasco, F&N, Tasek, Tenaga, UMW, Tenaga, Petronas Dagangan, Latitude, Press Metal and JobStreet.

Dagangan Nexchange was the most actively traded counter with 67.58 million shares done. The stock rose 3.95% or 1.5 sen to 39.5 sen.

The other actives included Century Software, Nexgram, IFCA MSC, Tiger Synergy, Manage Pay and Tek Seng.

The decliners included BAT, United Plantations, Hong Leong Bank, Petronas Gas, Perstima, KLK, Asia Brands and Gas Malaysia.

Regionally, the U.S. dollar touched seven-year peaks versus the yen on Monday as markets basked in the afterglow of the Bank of Japan's surprise stimulus push and looked forward to at least a hint of fresh action from European policy makers this week, according to Reuters.

The dollar came within a whisker of 113.00 yen in early trade, reaching a high not see since December 2007 and bringing into view that month's peak of 114.66, it said.

JF Apex Securities Research said that U.S. stocks surged on Friday, lifting the Dow industrials and S&P 500 to record closes, after the Bank of Japan unexpectedly expanded stimulus, increasing hopes for the global economy.

It said that similarly, European shares ended the day sharply higher after the Bank of England outlined tougher leverage rules for banks, and the Bank of Japan expanded its monetary base target.

“On the local market, the FBM KLCI rose 12.37 points to 1855.15 points following a last minute surge.

“We expect the index to hover around 1850 points with potential profit taking,” it said.