Wednesday, 25 July 2012

Kuwait Stock Exchange Trend Score


Kuwait Stock Exchange (Last: 5790.94, down 22.13 points)

The Kuwait Stock Exchange continued its downtrend and finished the day below 5800 support level. This is a major support level and in the past we have seen Index rebounding from here.

We don’t think history will repeat itself this time as the market is looking set to probe lower levels. Expect the Index to test 5680 level if it breaches 5760 level on the downside.

No top picks here. 

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