Qatar stock exchange

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Daily Technical Trader – Qatar
Sunday, 10 May 2015
Stocks Covered Today
Ticker Price 1
st
Target
DHBK 54.80 56.70
GISS 85.60 82.00
QSE Index
Level % Ch. Vol. (mn)
Last 12,282.17 -0.4 10.9
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,400 12,600 12,800
Support 12,200 12,100 12,000
QSE Index Commentary
Overview:
The QSE Index gained another 1% from
previous week’s closing. The Index is
gaining more ground above the long-term
trend line. Traded volume is was not as
impressive as the week before, this could
be an indication on the weakness
accompanying the gains.
Expected Resistance Level: 12,400
Expected Support Level: 12,100
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 07 May 15 06 May 15 %Ch.
Value Traded (QR mn) 461.7 762.0 -39.4
Ex. Mkt. Cap. (QR bn) 660.5 663.8 -0.5
Volume (mn) 11.1 16.2 -31.4
Number of Trans. 6,384 7,190 -11.2
Companies Traded 41 41 0.0
Market Breadth 15:25 27:11 –
QE Indices
Market Indices Close 1D% RSI
Total Return 19,087.13 -0.4 62.9
All Share Index 3,284.05 -0.4 63.9
Banks 3,262.35 -0.3 59.1
Industrials 4,085.57 -0.9 61.9
Transportation 2,506.06 0.0 60.0
Real Estate 2,633.90 -0.7 63.5
Insurance 4,404.26 0.8 75.5
Telecoms 1,325.73 0.5 51.0
Consumer 7,454.19 -0.9 67.1
Al Rayan Islamic 4,717.34 -0.2 72.2
RSI 14 (Over Bought)
Ticker Close 1D% RSI
QGMD 17.83 9.8 82.1
UDCD 24.30 1.7 80.0
MCGS 175.40 0.3 77.2
MERS 250.00 -0.8 75.4
QIGD 50.30 1.8 74.0
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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DHBK
Price % Ch. Volume
Last 54.80 0.18 309,786
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 55.10 56.70 57.20
Support 54.00 52.70 51.00
Commentary
Overview:
The name is in a short-term uptrend. It
corrected slightly after reaching a high of
QR55.00. On that correction, a bullish
Hammer candlestick was created. That
candle suggests a possible bounce up is
in the making.
Expected Target Price: QR56.70 –
QR57.20
A break above QR55.10 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR54.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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GISS
Price % Ch. Volume
Last 85.60 -0.23 472,257
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 90.00 94.00 100.00
Support 85.00 82.00 80.00
Commentary
Overview:
The name is in a downtrend, and this
trend might continue further. Technical
indicators show the possibility of more
selling to take place, as seen from the
MACD. On either time frame, the RSI did
not reach the oversold area yet.
Expected Price Retreat: QR82.00 –
QR80.00
A break below QR85.00 is needed to
trigger the sell recommendation.
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Support and Resistance Levels Daily Moving Averages
Support Levels Resistance Levels
Ticker Close 3
rd
2
nd
1
st
Pivot 1
st
2
nd
3
rd
50 SMA 100 SMA 200 SMA
QSE Index 12,282.17 12,205.18 12,241.21 12,263.47 12,299.49 12,335.52 12,357.78 12,393.80 11,937.16 12,053.27 12,760.30
Total Return 19,087.13 18,967.48 19,023.47 19,058.06 19,114.05 19,170.04 19,204.63 19,260.62 18,450.26 18,326.23 19,206.31
All Share 3,284.05 3,266.78 3,275.16 3,280.34 3,288.72 3,297.10 3,302.28 3,310.66 3,179.51 3,154.59 3,281.57
Al Rayan Islamic 4,717.34 4,693.61 4,704.99 4,712.02 4,723.39 4,734.77 4,741.80 4,753.17 4,417.99 4,281.58 4,421.56
Banks & Financials Services
MARK 48.70 48.10 48.33 48.47 48.70 48.93 49.07 49.30 47.44 46.69 49.78
CBQK 56.40 56.27 56.34 56.39 56.47 56.54 56.59 56.67 58.66 60.11 62.37
DHBK 54.80 53.20 53.66 53.94 54.40 54.86 55.14 55.60 52.77 54.85 57.00
QIBK 104.30 101.97 102.81 103.33 104.17 105.01 105.53 106.37 100.95 102.51 106.86
QIIK 80.10 79.50 79.81 79.99 80.30 80.61 80.79 81.10 81.08 81.44 83.98
Insurance
QATI 86.00 84.20 84.89 85.31 86.00 86.69 87.11 87.80 78.15 77.38 80.06
Consumer Goods & Services
MCGS 175.40 173.53 174.07 174.40 174.93 175.47 175.80 176.33 153.95 140.04 132.43
Industrials
IQCD 149.00 145.80 147.29 148.21 149.70 151.19 152.11 153.60 142.41 149.98 168.47
QEWS 212.80 208.73 210.76 212.01 214.03 216.06 217.31 219.33 194.32 192.45 189.96
GISS 85.60 84.80 85.22 85.48 85.90 86.32 86.58 87.00 90.12 94.05 105.59
QIGD 50.30 47.10 48.32 49.08 50.30 51.52 52.28 53.50 43.22 41.63 47.33
Real Estate
BRES 50.60 49.60 50.06 50.34 50.80 51.26 51.54 52.00 47.85 46.24 44.68
UDCD 24.30 23.87 24.00 24.08 24.22 24.35 24.43 24.57 22.35 23.11 25.51
ERES 16.81 16.67 16.75 16.79 16.87 16.95 16.99 17.07 16.16 15.74 17.57
MRDS 19.04 18.82 18.90 18.96 19.04 19.12 19.18 19.26 18.13 18.32 20.01
Telecommunication
ORDS 100.50 99.17 99.55 99.78 100.17 100.55 100.78 101.17 103.65 109.85 118.00
VFQS 17.44 17.18 17.29 17.37 17.48 17.59 17.67 17.78 17.51 16.80 18.41
Transportation
QGTS 22.71 22.62 22.65 22.67 22.71 22.74 22.76 22.80 23.02 23.25 23.69
QNNS 99.60 98.60 98.98 99.22 99.60 99.98 100.22 100.60 101.52 100.28 98.45
Source: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

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Definitions:
Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening
and the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is
lower than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they
compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices.
Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher.
Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the
security price to head lower.
SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus
considered a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative
price direction and potential support/resistance levels.
Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange.
MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in
a stock's price through a collection of three time series calculated from historical closing price data.
RSI (Relative Strength Index): Is a momentum indicator that compares a security’s price gains to its losses for a predetermined number of periods (we generally
use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be
considered as overbought, and below 30 could be considered as oversold.
Pattern/Formation: Is a graphical presentation of a security’s price activity over a certain period of time. Formations come in different shapes (such as, head &
shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc.
Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These
levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement.
Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot
Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

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Contacts:
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
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