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KSi Daily Report: Wednesday, 08 November 2017

There was no trade on POMSoX trading session today. Both Kina Securities Stock Indices were untouched. The Kina Securities Main Index, KSI remained at 5,298.08 points and likewise the Home Index KSHi stayed at 11,047.53 points at the close of market.

In off-shore news, The Dow industrials eked out a small gain in overnight trading to end in record territory, but the broader market was weighed down by a selloff in financials, consumer discretionary and small-cap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress. The Dow Jones Industrial Average ended with a gain 8.81 points, or less than 0.1%, at 23,557.23 points. Japan’s Nikkei share average slipped on Wednesday by 23.78 points or 0.10% at 22,913.82 points as investors took their profits, dragging on financial and mining stocks. Meanwhile, Australian shares on Wednesday managed to cling to sharp gains made in the previous session where the benchmark managed to cross the key 6000 level, as investors bought into banks following a well-received earnings update from CBA. The S&P/ASX 200 index advanced 2 points or 0.03% to 6,016.30 points.

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