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)
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

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