US stock markets managed to rebound in trading (20/05); at the same time ending the decline that occurred during the previous 3 days. The technology sector leads with more than 1% gain; along with the rise of mega-cap stocks. The market also received positive news from the release of the unemployment claims data which fell to 444,000 for last week.
From the domestic market, the increase in the trade balance surplus succeeded in pushing the JCI to increase by 0.64% to 5,797. The 8 sectoral indices experienced an increase, accompanied by the rally of most blue chip stocks. Towards the end of the week, the benchmark index is expected to move in the range of 5,737 – 5,896.
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