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KSi Daily Report: Friday, 18 August 2017

The week’s trading closed on a quiet note as both stock indices were maintained on Friday’s POMSOX session. The Kina Securities main index KSi was flat at 4,982.78 points and likewise the Kina Securities Home Index KSHi was unchanged at 10,991.90 points.

There were no trades registered for the day.

In markets abroad, U.S stocks closed with its first drop at least 1% snapping a streak that had run for more than 60 sessions after reported disappointing earnings results by tech stocks. The Dow Jones Industrial Average fell 274.14 points or 1.24% to end at 21,750 points. Japan’s Nikkei share average skidded to three-month lows pressured by losses on Wall Street and a weaker dollar, slumped 238.27 points or 1.21% to 19,464.36 points. The Australian stock market declined following negative cues in overnight trading followed by news about terror attack Barcelona which also damped investor sentiment. The S&P/ASX 200 benchmark index slipped 46.60 points or 0.81% to 5,732.60 points.

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