Around the World's Markets: Jakarta

INDONESIAN STOCKS gained ground after two days of losses, boosted by heavy local buying as the IMF prepared to resume the much-needed loans in December.

Dealers said heavy buyers were mostly locals, with foreigners staying quiet on concerns of possible Y2K problems and as the year-end holiday season approaches.

The composite index ended up 9.18 points, or 1.54 per cent, at 603.59.