Qatar stock exchange

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Daily Technical Trader – Qatar
Tuesday, 03 March 2015
Stocks Covered Today
Ticker Price Target
IGHS 126.20 131.90
QOIS 16.15 16.43
QSE Index
Level % Ch. Vol. (mn)
Last 12,450.34 0.0 7.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,600 12,800 12,900
Support 12,350 12,250 12,000
QSE Index Commentary
Overview:
The QSE Index was 20 points shy from
our expected support @ 12,350, but then
rebounded to close marginally up during
the previous session. The intraday chart
suggests the bounce could continue in the
coming session. The RSI is turning up and
the MACD is flattening on the intraday
chart.
Expected Resistance Level: 12,800
Expected Support Level: 12,350
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 02 Mar 15 26 Feb 15 %Ch.
Value Traded (QR mn) 509.2 454.3 12.1
Ex. Mkt. Cap. (QR bn) 675.1 675.3 0.0
Volume (mn) 10.1 9.7 3.8
Number of Trans. 5,959 5,631 5.8
Companies Traded 41 43 -4.7
Market Breadth 27:13 16:23 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,930.85 0.6 59.7
All Share Index 3,263.25 0.6 61.0
Banks 3,313.69 0.6 61.8
Industrials 4,079.77 0.8 62.4
Transportation 2,471.25 1.2 65.4
Real Estate 2,449.61 -0.2 50.3
Insurance 4,128.14 0.6 66.3
Telecoms 1,438.94 1.0 58.0
Consumer 7,289.91 0.2 48.3
Al Rayan Islamic 4,465.13 0.8 66.2
RSI 14 (Over Bought)
Ticker Close 1D% RSI
MCGS 156.00 0.5 81.9
AHCS 18.60 0.8 70.7
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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IHGS
Price % Ch. Volume
Last 126.20 3.19 266,019
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 126.80 131.90 140.00
Support 121.40 117.60 112.00
Commentary
Overview:
The stock escaped the Symmetrical
Triangle which was created in December
of last year. This breakout can be a sign of
bullish continuation. On a separate note,
we gave a buy recommendation last
Thursday on the name and now we
reiterate our position. Currently, the name
is looking at QR131.90 as a price target
and QR140.00 as a second target.
Expected Target Price: QR131.90 –
QR140.00
Only a break above QR126.80 could
initiate the buy signal.
Suggested Stop-Loss Price: QR123.50
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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QOIS
Price % Ch. Volume
Last 16.15 0.62 205,150
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 16.15 16.43 16.73
Support 15.90 15.10 14.20
Commentary
Overview:
Name stabilized above QR15.70 in the
last bullish run and it could continue
upwards. The price traded around the
100SMA and 200SMA which could act as
a support level around the QR15.70. The
MACD indicator is above the zero line on
the daily and intraday charts, suggesting
the bullish momentum could continue.
Expected Target Price: QR16.43 –
QR16.70
Buy if price breaks above QR16.15.
Suggested Stop-Loss Price: QR15.90
(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 12,450.34 12,321.22 12,364.75 12,391.63 12,435.16 12,478.69 12,505.57 12,549.10 12,216.95 12,719.90 12,974.19
Total Return 18,930.85 18,734.52 18,800.70 18,841.59 18,907.77 18,973.95 19,014.84 19,081.02 18,285.39 19,003.58 19,366.33
All Share 3,263.25 3,234.28 3,243.89 3,249.83 3,259.43 3,269.04 3,274.98 3,284.58 3,144.89 3,249.15 3,297.93
Al Rayan Islamic 4,465.13 4,415.33 4,431.52 4,441.51 4,457.70 4,473.89 4,483.88 4,500.07 4,175.26 4,312.44 4,385.85
Banks & Financials Services
MARK 48.10 47.30 47.72 47.98 48.40 48.82 49.08 49.50 46.07 47.97 51.16
CBQK 70.30 68.43 69.01 69.36 69.93 70.51 70.86 71.43 67.92 69.87 69.19
DHBK 58.80 58.20 58.39 58.51 58.70 58.89 59.01 59.20 57.21 57.58 58.94
QIBK 104.50 102.17 102.93 103.40 104.17 104.93 105.40 106.17 104.70 106.07 105.47
QIIK 87.00 82.93 84.16 84.91 86.13 87.36 88.11 89.33 82.35 83.38 84.73
Insurance
QATI 78.50 77.97 78.27 78.46 78.77 79.07 79.26 79.57 77.10 79.31 77.79
Consumer Goods & Services
MCGS 156.00 151.67 153.19 154.14 155.67 157.19 158.14 159.67 128.40 126.59 115.85
Industrials
IQCD 150.50 147.37 148.59 149.34 150.57 151.79 152.54 153.77 156.98 172.43 177.90
QEWS 191.00 187.67 188.81 189.52 190.67 191.81 192.52 193.67 191.36 189.19 188.06
GISS 94.10 92.70 93.46 93.94 94.70 95.46 95.94 96.70 98.73 105.59 106.91
QIGD 45.50 43.17 44.03 44.56 45.42 46.28 46.81 47.67 40.44 43.90 51.69
Real Estate
BRES 49.65 48.42 48.88 49.16 49.62 50.08 50.36 50.82 45.08 44.91 42.75
UDCD 24.30 24.07 24.17 24.23 24.33 24.43 24.49 24.59 24.00 25.17 26.22
ERES 15.93 15.66 15.78 15.85 15.97 16.09 16.16 16.28 15.43 16.90 19.39
MRDS 19.20 18.64 18.88 19.04 19.28 19.52 19.68 19.92 19.55 20.96 20.90
Telecommunication
ORDS 115.50 113.63 114.17 114.50 115.03 115.57 115.90 116.43 116.26 118.73 127.15
VFQS 18.00 17.37 17.55 17.66 17.84 18.02 18.13 18.31 16.22 17.56 18.78
Transportation
QGTS 24.80 24.33 24.54 24.67 24.88 25.09 25.22 25.43 23.64 23.64 23.74
QNNS 105.40 102.53 103.45 104.02 104.93 105.85 106.42 107.33 99.73 98.79 96.59
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 Abdullah Amin, CFA Shahan Keushgerian
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6569 Tel: (+974) 4476 6509
saugata.sarkar@qnbfs.com.qa abdullah.amin@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Sahbi Kasraoui Ahmed Al-Khoudary QNB Financial Services SPC
Manager – HNWI Head of Sales Trading – Institutional Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer,
promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or
indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We
therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that
QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy
and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or
contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the
views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included
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