Stocks: S-T Neutral, Bahrain Looks Weak

We have always said Bahrain's All-Share Index (BASI) was one of the two GCC bourses on which we were most cautious (along with Oman), but yesterday's 4.8% fall has wiped out almost all of the gains since we became bullish GCC stocks back on March 18. The index is up just 0.44% since then, and with an unfavourable technical outlook, we close out our bullish view on Bahrain for now.

To read the full article, please choose one of the following options: