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Ralph Acampore (3rd from right sitting), seen with other officials during the event.
Expert presents his views on market trends for 2014 KAMCO hosts renowned speaker Acampora

KUWAIT CITY, May 19: KIPCO Asset Management Company “KAMCO” recently hosted Ralph Acampora, a widely recognized industry leader and pioneer in the development of market analytics with a global reputation as a market historian and a technical analyst. Acampora, one of Wall Street’s most respected technical analysts, has been instrumental in the development of modern-day technical analysis and worked across several top tier financial firms, including Smith Barney and Prudential Securities.  With more than 35 years of technical experience, he has been consistently ranked by Institutional Investor and is regularly consulted for his market opinion by the major business news networks as well as national financial publications.

Acampora introduced the definition of technical analysis through “The Study of Supply and Demand” with an overview of “Fusion Analysis”, including the blending of economics, fundamental, quantitative, and technical inputs. Furthermore, he discussed the history of technical analysis, concluding with three logical assumptions. He further highlighted the various types of technical tools, including trend analysis, support and resistance, volume, and relative strength indicators. In addition, he explained the most commonly used technical charting methods, primarily in determining distinctive price patterns. Finally, Acampora presented his views on general market trends for 2014 and concluded with a Q&A session.

Ziad Al-Qaissi, Chief Investment Officer at KAMCO, expressed his views on the Kuwaiti market to reflect the potential investment opportunities in the local bourse. Furthermore, he highlighted some of the pros and consassociated with investing in Kuwait, and stressed on the recent positive initiatives undertaken by the local Capital Markets Authority that aim to enhance the country’s regulatory framework as well as pave the way for potentially achieving emerging market status.

In line with KAMCO’s ongoing commitment to provide investors with timely and attractive investment solutions, Al-Qaissi highlighted the KAMCO Investment Fund as a potential strategy to access the growth potential of the Kuwait stock market. The Fund aims to deliver attractive returns both in the form of capital gains and income by investing selectively in companies listed on the Kuwait Stock Exchange, Treasury Bills, Initial Public Offerings, and various Securities traded in other GCC and Middle Eastern financial markets.

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