Indonesian shares rise despite rival claims to presidency
Jakarta, Indonesia
Jakarta - QNA
Indonesian stocks rose Thursday after most unofficial counts predicted that Jakarta Governor Joko Widodo would be the winner of the previous day's presidential election.
The Jakarta benchmark index opened 127.84 points higher, or 2.54%, at 5,152.55.
The Indonesian rupiah rose 0.52% against the dollar to 11,566 in morning trading.
The gains came despite claims of victory by both Joko and his rival, former general Prabowo Subianto.
Unofficial counts released by pollsters after Wednesday's election showed Joko leading with about 52% or 53% of the vote, compared with Prabowo's 47% or 48%.
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