All Entries in the "Indices" Category
KWSE near a short term low
The Kuwait Stock Index is approaching some short term objectives between 10500 and 10760. Expect a recovery to around 11500 as a first step, and later on to 12200. It is likely that this move will not be a simple and straight move as there are many badly bruised traders out there.
Dubai’s main index still weak
Back in January 2008, Dubai’s main stock index, DFMGI, was at 6320. Last week it traded at a low of 2991, a loss of over 50%. Investors have been badly hit. After the regulators announced several concessions and guarantees, we saw a smart rebound that lasted exactly two days.
Hesitant Moves By Kuwaiti Stock Market
While the stock markets in the rest of the GCC have surged in tandem with the rest of the world, one might wonder why the moves in Kuwait are so hesitant.
Was that the stock market bottom?
All you have to do is to search in Google (< click here) and you will see a lot of people talking about market bottoms. Let me share with you a secret. If there is one single reason why I have lost money on some of my trades, it is because I had this vain notion [...]
Kuwait Stock Index KWSE
Back on 21st September it looked highly improbable that we will get down to 11950. But we have just reached that level. So naturally we wish to know whether the market will turn around here and head back to 14,200. kwse-21-sep-08 On balance, I think the chances of going back to 14,200 are much higher [...]
Kuwait Stock Index KWSE
Back on 21st September it looked highly improbable that we will get down to 11950. But we have just reached that level. So naturally we wish to know whether the market will turn around here and head back to 14,200. kwse-21-sep-08 On balance, I think the chances of going back to 14,200 are much higher [...]