by Ramki | Oct 15, 2008 | Dubai
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...
by Ramki | Oct 14, 2008 | Kuwait
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. One reason could be that Kuwait did not witness a carnage like the rest of the world did. Its declines were more...
by Ramki | Oct 6, 2008 | Kuwait
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...
