Analysis of some Kuwaiti stocks

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.

NBK (But read this along with the chart of early December below)
NBK (But read this along with the chart of early December below)
This is a chart I prepared on 2nd Dec 08
This is a chart I prepared on 2nd Dec 08

gfhk-22-dec-08

This is a chart of GFHK.

zain-22-dec-08
This is a chart of Zain, Kuwait

 



Author: Ramki Ramakrishnan
35+ years of market experience shared on Wavetimes. It can change the way you trade, FOREVER. Check it out. I am the author of "Five Waves to Financial Freedom", one of the best-selling Elliott Wave books on Amazon. An international investment banker, treasury manager and adviser to hedge funds FIs and HNIs from around the world.

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