KUALA LUMPUR, Nov 7 (Bernama) -- Share prices on Bursa Malaysia are expected to extend the uptrend next week, with investors likely to react positively to an improvement in consumer confidence amid recovery signs in the global economy, dealers said.

They said this will provide a catalyst to the benchmark FBM KLCI to further gain and hover between the 1,260 and 1,270 levels for the week.

An analyst said investors are also looking forward to the upcoming listing of Maxis Bhd, which is expected to boost the FBM KLCI's performance.

He said institutional investors locally and overseas should take the opportunity to gain direct exposure to a highly-liquid mobile telco player.

He said the local bourse next week is also expected to track the regional and Wall Street's performance for a cue.

On a Friday-to-Friday basis, the FBM KLCI increased 18 points to 1,260.76, the FBM Emas Index advanced 86 points to 8,422.83, the FBM Top 100 Index was 79 points higher at 8,210.11, the FBM70 however, decreased 40 points to 8,090.28 and the FBM ACE Index gained 382 points to 4,687.65.