Weekly GCC Index Analysis (Week 41) — GCC Index Analysis — GCC Market Analytics
Weekly GCC Index Analysis (Week 41) | GCC Market Analytics

Sunday, 3 October 2010

Weekly GCC Index Analysis (Week 41)

All GCC indices are now trading above their 20-day, 50-day and 100-day moving averages confirming the positive price moves seen over the past couple of weeks.

Currently, the Kuwait Index is showing particular strength.  Historically, when the Index has been in a similar position, the following 5 day change has been positive over 80% of the time with an average gain of 1.82%.

The outlook for all other indices is positive with the exception of the ADX Index and the Bahrain Index which are neutral.