Kuwait Stock Index KWSE

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 than dropping directly to 9000. However, if one is seeking to BUY some good stocks, perhaps it will be a good idea to wait for a bottom to be posted, and buy on the way up. The next good support comes at 11620, and that is not a bad level to foray into the market.

Do share if you found this useful


  1. Dear Ramki,

    Thank you for your marvelous work and creating such useful website link for your people, since the past four years you were always a great source for covering the technical analysis question raised by me over KSE and other markets as well, answering my fundamental query over the same respectively.
    Wish you a very prosperous future,

    Yours truly,

    Mishal Habib

    AlQurain Projects Financial Inv. Co.(KSCC)

  2. Dear Ramki,

    having followed your comments about forex for a long time, I’m very much delighted to have you back with this great website.

    Thank you very much for all your work.

    Kind regards and good trades


Leave a Reply

Your email address will not be published. Required fields are marked *