Qatar stock exchange

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Daily Technical Trader – Qatar
Wednesday, 30 December 2015
Stocks Covered Today
Ticker Price 1
st
Target
QIBK 106.20 103.00
QSE Index
Level % Ch. Vol. (mn)
Last 10,398.33 0.00 5.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,500 10,700 10,900
Support 10,300 10,000 9,800
QSE Index Commentary
Overview:
The QSE Index created a possible
reversing signal—the Hanging-Man
candlestick. We say possible because the
intraday chart indicates that the overall
intraday trend is up and positive. The only
way to confirm the bearishness of the
formation is for the Index to break below
the lower shadow of that candle. That
translates to the following: if the Index
breaks below the 10,260 level, then we
might see further decline.
Expected Resistance Level: 10,500
Expected Support Level: 10,300
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 29 Dec 28 Dec %Ch.
Value Traded (QR mn) 199.8 250.0 -20.1
Ex. Mkt. Cap. (QR bn) 551.2 549.3 0.4
Volume (mn) 4.9 6.2 -21.7
Number of Trans. 2,562 3,255 -21.3
Companies Traded 41 41 0.0
Market Breadth 8:31 30:7 –
QE Indices
Market Indices Close 1D% RSI
Total Return 16,162.71 0.0 52.6
All Share Index 2,764.81 0.0 51.7
Banks 2,787.72 0.5 51.0
Industrials 3,138.62 0.0 56.3
Transportation 2,423.01 0.2 46.5
Real Estate 2,358.75 -0.4 49.5
Insurance 4,129.79 -2.2 46.9
Telecoms 973.59 -0.1 57.4
Consumer 5,913.35 -0.8 42.0
Al Rayan Islamic 3,827.10 -0.5 48.8
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QCFS 34.00 0.0 0.3
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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QIBK
Price % Ch. Volume
Last 106.20 -2.12 71,231
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 110.00 111.70 113.20
Support 105.50 103.00 100.00
Commentary
Overview:
We notice that the price broke below the
uptrend line and could not penetrate
above the 200SMA. As a result, there is
more chance for it to continue down than
up. We should be very cautious if we get
tempted to buy the name, especially if it
breaks below the QR105.50.
Expected Price Retreat: QR103.00 –
QR100.00
A price breach below QR105.50 triggers
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 10,398.33 10,214.76 10,268.75 10,302.10 10,356.08 10,410.07 10,443.42 10,497.40 10,742.98 11,138.41 11,561.48
Total Return 16,162.71 15,877.38 15,961.29 16,013.13 16,097.04 16,180.95 16,232.79 16,316.70 16,698.41 17,313.06 17,960.58
All Share 2,764.81 2,724.39 2,736.45 2,743.89 2,755.95 2,768.01 2,775.45 2,787.51 2,862.31 2,967.09 3,084.71
Al Rayan Islamic 3,827.10 3,760.30 3,783.51 3,797.84 3,821.05 3,844.26 3,858.59 3,881.80 4,025.26 4,218.77 4,392.41
Banks & Financials Services
MARK 36.90 36.27 36.48 36.61 36.82 37.03 37.16 37.37 39.13 41.18 43.85
CBQK 44.90 44.50 44.73 44.87 45.10 45.33 45.47 45.70 49.07 52.69 54.39
DHBK 43.65 43.22 43.41 43.53 43.72 43.91 44.03 44.22 46.72 48.87 50.98
QIBK 106.20 104.87 105.59 106.04 106.77 107.49 107.94 108.67 114.98 114.26 109.34
QIIK 64.00 62.93 63.28 63.49 63.83 64.18 64.39 64.73 69.64 72.67 76.08
Insurance
QATI 84.20 82.33 83.40 84.06 85.13 86.20 86.86 87.93 87.83 91.96 90.80
Consumer Goods & Services
MCGS 120.00 116.33 117.67 118.50 119.83 121.17 122.00 123.33 139.50 154.10 162.36
Industrials
IQCD 110.00 106.00 107.15 107.85 109.00 110.15 110.85 112.00 110.95 119.76 129.52
QEWS 215.00 211.13 212.24 212.93 214.03 215.14 215.83 216.93 209.91 211.10 210.59
GISS 51.40 50.07 50.64 50.99 51.57 52.14 52.49 53.07 55.97 59.74 71.14
QIGD 36.90 36.17 36.55 36.78 37.17 37.55 37.78 38.17 40.86 43.90 46.34
Real Estate
BRES 40.00 38.80 39.22 39.48 39.90 40.32 40.58 41.00 41.92 43.19 46.46
UDCD 20.40 19.96 20.12 20.23 20.39 20.55 20.66 20.82 22.08 23.05 23.16
ERES 16.25 15.92 16.01 16.07 16.17 16.26 16.32 16.42 17.16 17.84 17.62
MRDS 14.10 13.77 13.92 14.01 14.16 14.31 14.40 14.55 15.24 15.84 17.14
Telecommunication
ORDS 73.90 71.90 72.47 72.83 73.40 73.97 74.33 74.90 73.02 73.65 83.70
VFQS 12.59 12.12 12.32 12.44 12.65 12.85 12.97 13.18 12.73 13.43 15.18
Transportation
QGTS 23.00 22.71 22.87 22.98 23.15 23.31 23.42 23.59 24.04 23.18 22.82
QNNS 96.00 93.33 94.10 94.57 95.33 96.10 96.57 97.33 96.83 96.98 97.93
Sources: 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:
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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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
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