KSi Daily Report: Thursday, 26 May 2016

Thursday’s POMSOX trading session was quiet as both Kina Securities stock indices remained unchanged. The Kina Securities main index KSi was maintained at 4,416.25 points and similarly the Kina Securities Home index, KSHi was steady at 9,299.24 points.

There were no trades registered today.

Meanwhile, in off- shore news, U.S. stocks closed higher for a second day in overnight trading as oil prices jumped on a reported crude inventories decline. The Dow Jones Industrial Average surged 145.46 points, or 0.82%, to close at 17,851.51 points. Likewise, Japanese stocks inched higher in choppy trade on Thursday following a rise in oil prices and gains on Wall Street, but indexes remained vulnerable to yen volatility as the currency see-saws against the dollar. The Nikkei share average ended the day’s session 15.11 points or 0.09% higher at 16,772.46 points. The Australian share market followed the upward trend closing higher due to gains by mining and energy stocks. At close of market today, the benchmark S&P/ASX 200 index was up 15.6 points, or 0.29% at 5,388.1 points.

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