Browsing: Kuwait stocks

You might be inclined to pass up on reading this post because Agility is not a stock you are even…

Its been a long time since I looked at Kuwaiti stocks, and just yesterday the index has fallen to a…

From an Elliott Wave perspective,  the outlook for Zain hasn’t changed much since I updated last.  After correcting the prior…

It has been quite a while since I posted technical comments on Kuwait stocks. So here are some charts that…

National Industries Group stock has come down a lot in the last several months. But we can decipher a clear…

Anyone who has been investing in Kuwait would have heard of the travails of Gulf Bank in recent times. Perhaps…

There has been a lot of chatter in the market about a possible offer from overseas for a large chunk…

Many readers from Kuwait have expressed concern about the stock market there. The Government has promised a rescue of some sort, and traders are eagerly waiting for some State sponsored buying of stocks. Meanwhile, many blue chip stocks are continuing to decline, and we take a look at NBK, GFHK and Zain today

On 14th October, I had warned that National Industries (a leading Kuwaiti stock) would come off by more than 30% from its current level. It was trading at 0.850. The reason for that call was the stock had finished an extended fifth wave, (an Elliott wave setup that has been extensively discussed in this blog recently).

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.