GulfBase Live Support
The index closed down by 1.42% from the week at 8,675.46; it should be noted that it has been a very short week (only two trading days). As a result, the current movement can possibly be insignificant due to the low traded volumes. We are looking at the 8,300 level as the next support and the resistance level
Definitions of key terms used in technical analysis.
Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day candlestick chart (every candlestick represents one trading day) in our analysis.
Doji candlestick pattern – A Doji candlestick is formed when a security’s open and close are practically equal. The pattern indicates indecisiveness, and based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.
Last week the Dubai Financial Market General Index (DFMGI) advanced by 39.85 or 1.26 per cent to close at 3,197.30, the first positive week in four. There were only nine advancing issues against 31 d
Qatar stock market made a significant recovery during the last week, lifting the Qatar Stock Exchange’s (QSE) main index by 6.49 percent, or 539.45 points, to finish at 8,847.79 points.
Kuwait Stock Exchange plans to divide its stock market into three market segments from April 1 in a bid to boost liquidity for investors, a regulatory official said on Thursday.
UAE traders resorted to brisk buying in property stocks in the last one hour of trade on Thursday removing the sluggishness witnessed in the market in the past few weeks.
The Dubai Financia
Nasdaq Dubai on Thursday welcomed the listing of a $1 billion Sukuk issued by the Emirate of Sharjah. It is the first sovereign Sukuk to be issued in the GCC in 2018, as well as the Sharjah’s third a
The Gulf Today