Browsing: kuwait stock index

Here are the charts of Dubai Financial Market Index as well as Kuwait Stock Market Index. I prepared the analysis…

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.

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.

Back on 21st September it looked highly improbable that we will get down to 11950. But we have just reached…