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Saudi Index leaves Investors Shell Shocked
- November 13, 2008
- Posted by: Ramki Ramakrishnan
- Category: Saudi
6 CommentsThe Saudi markets have lost more than half its value since the beginning of the year. How much more pain can they bear? Looks like there is scope to fall by at least another 12%
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Dubai Index
- November 11, 2008
- Posted by: Ramki Ramakrishnan
- Category: Dubai
On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried.
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KWSE near a short term low
- October 20, 2008
- Posted by: Ramki Ramakrishnan
- Category: Kuwait
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.
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Dubai's main index still weak
- October 15, 2008
- Posted by: Ramki Ramakrishnan
- Category: 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 two days.
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Hesitant Moves By Kuwaiti Stock Market
- October 14, 2008
- Posted by: Ramki Ramakrishnan
- Category: Kuwait, Kuwait stocks
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.
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Kuwait Stock Index KWSE
- October 6, 2008
- Posted by: Ramki Ramakrishnan
- Category: 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 going back to 14,200 are much higher
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Kuwait Stock Index KWSE
- October 6, 2008
- Posted by: Ramki Ramakrishnan
- Category: 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 going back to 14,200 are much higher