The study looked at the relationship between the Kuala Lumpur Composite Index and other major world indices like Nikkei, Hang Seng, Dow Jones, FT-SE 100, and SES All Shares. They collected data for five years and found that the KLSE index is positively related to all the other indices, but the correlations are mostly weak. The strongest relationship was with SES All Shares, showing a correlation coefficient of 0.7222. This means that knowing how other major stock markets are performing can help with making investment decisions in the Kuala Lumpur Stock Exchange.