Key Market Views: Stopped Out Of Bahrain Stocks

We have closed the long Bahrain view we instituted on October 1, after the Bahrain All Share Index hit our stop-loss level of 1,530. We still see good long-term potential in the bourse for all the reasons we have stated - Bahrain's underperformance relative to its neighbours, the bottoming pattern on the monthly chart and the low valuations - but clearly this was not the best entry point.

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