Qatar stock exchange

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Daily Technical Trader – Qatar
Monday, 21 December 2015
No Stocks Covered Today
QSE Index
Level % Ch. Vol. (mn)
Last 9,912.92 0.52 6.5
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,000 10,100 10,300
Support 9,850 9,500 9,300
QSE Index Commentary
Overview:
The QSE Index inched up by 0.5% but the
volumes remain shy. The Index is facing
the 10,000 resistance level. The intraday
chart shows positive movement on the
Index. However, due to lack of trading
volume coupled with the drop in oil prices,
we remain cautious on making any calls.
Expected Resistance Level: 10,000
Expected Support Level: 9,850
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 17 Dec 16 Dec %Ch.
Value Traded (QR mn) 258.1 274.4 -5.9
Ex. Mkt. Cap. (QR bn) 525.1 521.3 0.7
Volume (mn) 5.6 6.8 -18.1
Number of Trans. 3,850 3,818 0.8
Companies Traded 40 41 -2.4
Market Breadth 22:13 26:7 –
QE Indices
Market Indices Close 1D% RSI
Total Return 15,408.21 0.5 33.2
All Share Index 2,646.89 0.6 33.0
Banks 2,681.87 0.9 36.0
Industrials 2,967.32 0.9 36.4
Transportation 2,426.15 1.5 45.8
Real Estate 2,221.06 -0.4 33.8
Insurance 4,022.63 -1.0 38.7
Telecoms 881.11 -2.4 37.8
Consumer 5,858.14 2.7 35.3
Al Rayan Islamic 3,656.28 0.7 31.1
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QCFS 34.20 0.0 0.3
NLCS 13.50 -2.1 19.6
MRDS 13.64 0.3 21.2
ZHCD 80.00 0.0 23.4
QISI 63.20 -2.6 24.1
QSE Index (30min)
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 9,912.92 9,776.82 9,815.87 9,839.99 9,879.04 9,918.09 9,942.21 9,981.26 10,962.70 11,247.51 11,628.81
Total Return 15,408.21 15,196.66 15,257.35 15,294.85 15,355.55 15,416.24 15,453.74 15,514.44 17,039.94 17,482.64 18,055.04
All Share 2,646.89 2,611.50 2,621.64 2,627.91 2,638.04 2,648.18 2,654.45 2,664.58 2,919.89 2,997.35 3,101.74
Al Rayan Islamic 3,656.28 3,607.63 3,621.65 3,630.31 3,644.34 3,658.36 3,667.02 3,681.05 4,123.31 4,275.91 4,413.46
Banks & Financials Services
MARK 35.00 34.40 34.57 34.68 34.85 35.02 35.13 35.30 40.17 41.73 44.18
CBQK 44.40 43.33 43.79 44.07 44.53 44.99 45.27 45.73 50.69 53.36 55.04
DHBK 43.95 41.58 42.27 42.70 43.38 44.07 44.50 45.18 47.60 49.52 51.32
QIBK 107.40 105.40 105.97 106.33 106.90 107.47 107.83 108.40 116.41 114.31 109.11
QIIK 62.40 60.33 61.17 61.69 62.53 63.37 63.89 64.73 71.43 73.69 76.90
Insurance
QATI 81.50 79.97 80.65 81.08 81.77 82.45 82.88 83.57 89.44 93.15 90.53
Consumer Goods & Services
MCGS 118.30 106.83 110.23 112.33 115.73 119.13 121.23 124.63 146.33 158.47 163.38
Industrials
IQCD 101.00 99.00 99.76 100.24 101.00 101.76 102.24 103.00 113.87 121.81 130.95
QEWS 208.00 203.87 205.05 205.78 206.97 208.15 208.88 210.07 209.83 211.61 209.80
GISS 49.40 47.20 47.89 48.31 49.00 49.69 50.11 50.80 58.73 61.17 72.71
QIGD 36.00 34.07 34.62 34.96 35.52 36.07 36.41 36.97 42.20 44.74 46.55
Real Estate
BRES 38.70 37.93 38.16 38.30 38.53 38.76 38.90 39.13 42.74 43.88 46.77
UDCD 20.00 19.65 19.75 19.81 19.91 20.01 20.07 20.17 22.68 23.41 23.28
ERES 15.00 14.77 14.90 14.98 15.12 15.25 15.33 15.47 17.69 17.95 17.60
MRDS 13.64 13.39 13.48 13.53 13.63 13.72 13.77 13.87 15.60 16.10 17.29
Telecommunication
ORDS 67.50 65.83 66.79 67.38 68.33 69.29 69.88 70.83 73.90 74.29 85.11
VFQS 11.11 11.01 11.06 11.10 11.15 11.20 11.24 11.29 13.11 13.67 15.38
Transportation
QGTS 23.25 22.98 23.06 23.11 23.18 23.26 23.31 23.38 24.06 23.10 22.86
QNNS 95.00 89.67 91.19 92.14 93.67 95.19 96.14 97.67 97.14 97.29 98.40
Sources: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock close 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:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar Shahan Keushgerian
Senior Research Analyst Head of Research Senior Research Analyst
Tel: (+974) 4476 6535 Tel: (+974) 4476 6534 Tel: (+974) 4476 6535
zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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