This document provides a daily technical analysis report on stocks traded in Qatar. It summarizes the performance of the QSE Index and various stocks, and analyzes technical indicators to identify potential support and resistance levels and make recommendations. Key points covered include a 0.26% drop in the QSE Index, analysis of candlestick patterns in two stocks (CBQK and MARK) that indicate a possible bounce, and identified price targets and stop-loss levels for these two stocks.

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Daily Technical Trader – Qatar
Wednesday, 04 November 2015
Stocks Covered Today
Ticker Price 1
st
Target
CBQK 53.00 54.30
MARK 42.40 43.40
QSE Index
Level % Ch. Vol. (mn)
Last 11,516.59 -0.26 5.9
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 11,760 11,900 12,000
Support 11,500 11,300 11,200
QSE Index Commentary
Overview:
The QSE Index dropped below the 11,500
level then recovered some of its losses
another day during the last session. In the
past two sessions, the Index created two
positive reversing candlesticks, called the
Hammer. If these candlesticks confirmed
by a price action, it could be a sign for a
bounce off the current levels.
Expected Resistance Level: 11,760
Expected Support Level: 11,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 03 Nov 02 Nov %Ch.
Value Traded (QR mn) 286.1 258.7 10.6
Ex. Mkt. Cap. (QR bn) 604.1 605.2 -0.2
Volume (mn) 7.5 6.5 15.4
Number of Trans. 3,281 3,475 -5.6
Companies Traded 41 37 10.8
Market Breadth 16:22 13:20 –
QE Indices
Market Indices Close 1D% RSI
Total Return 17,900.88 -0.3 42.6
All Share Index 3,064.06 -0.2 42.2
Banks 3,081.90 0.1 41.3
Industrials 3,416.62 -0.3 37.6
Transportation 2,573.34 0.2 66.1
Real Estate 2,746.48 -0.6 48.0
Insurance 4,538.38 -0.6 45.3
Telecoms 1,032.11 -0.7 46.3
Consumer 6,747.99 0.1 46.5
Al Rayan Islamic 4,358.11 -0.2 40.2
RSI 14 (Over Bought)
Ticker Close 1D% RSI
QGTS 24.98 0.3 70.1
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QCFS 38.00 0.0 17.7
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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CBQK
Price % Ch. Volume
Last 53.00 -0.38 68,738
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 53.00 54.30 54.70
Support 52.40 49.30 48.30
Commentary
Overview:
We acknowledge the fact that the bank is
trading in a medium-term downtrend,
moving below its SMAs, and the MACD
registered its position below the zero line.
Yet, we see a clue for a possible bounce
from the candlestick formation in the past
two sessions coupled by the RSI
movement on the daily and the hourly time
frames.
Expected Target Price: QR54.30 –
QR54.70
A price breakaway above QR53.00
triggers the buy recommendation.
Suggested Stop-Loss Price: QR52.40
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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MARK
Price % Ch. Volume
Last 42.40 0.00 864,768
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 42.60 43.40 43.70
Support 42.00 41.70 41.30
Commentary
Overview:
We see a Double-Bottom price formation
on the hourly chart, which translated to
Tweezers-Bottom candlesticks formation
on the daily chart. Both are positive signs,
indicating a possible up move but do not
mistake that as a change in the current
trend.
Expected Target Price: QR43.40 –
QR43.70
A price breakaway above QR42.60
triggers the buy recommendation.
Suggested Stop-Loss Price: QR42.00
(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 11,516.59 11,383.99 11,431.80 11,461.34 11,509.15 11,556.96 11,586.50 11,634.31 11,509.63 11,704.06 11,904.89
Total Return 17,900.88 17,694.78 17,769.09 17,815.01 17,889.32 17,963.63 18,009.55 18,083.86 17,890.07 18,191.66 18,378.82
All Share 3,064.06 3,032.81 3,043.75 3,050.51 3,061.45 3,072.39 3,079.15 3,090.09 3,062.20 3,122.31 3,159.55
Al Rayan Islamic 4,358.11 4,309.74 4,327.28 4,338.11 4,355.64 4,373.18 4,384.01 4,401.54 4,378.70 4,504.43 4,464.73
Banks & Financials Services
MARK 42.40 41.80 42.03 42.17 42.40 42.63 42.77 43.00 43.01 44.14 45.63
CBQK 53.00 52.47 52.62 52.71 52.87 53.02 53.11 53.27 55.55 55.41 57.26
DHBK 50.00 46.67 47.62 48.21 49.17 50.12 50.71 51.67 50.44 51.66 53.21
QIBK 119.90 117.70 118.35 118.75 119.40 120.05 120.45 121.10 115.31 111.70 107.64
QIIK 74.20 73.80 74.03 74.17 74.40 74.63 74.77 75.00 75.11 76.97 79.23
Insurance
QATI 94.00 92.60 93.10 93.40 93.90 94.40 94.70 95.20 94.71 96.72 89.20
Consumer Goods & Services
MCGS 159.80 155.93 157.46 158.41 159.93 161.46 162.41 163.93 166.31 174.84 163.43
Industrials
IQCD 120.50 118.03 118.99 119.58 120.53 121.49 122.08 123.03 125.74 131.03 137.78
QEWS 216.80 212.53 213.76 214.51 215.73 216.96 217.71 218.93 211.45 216.10 207.54
GISS 61.50 59.57 60.52 61.11 62.07 63.02 63.61 64.57 63.13 68.93 80.14
QIGD 45.30 44.50 44.84 45.06 45.40 45.74 45.96 46.30 46.44 49.04 46.76
Real Estate
BRES 44.80 44.27 44.46 44.58 44.77 44.96 45.08 45.27 43.91 47.19 47.69
UDCD 24.29 23.86 24.02 24.11 24.26 24.42 24.51 24.66 23.81 24.25 23.72
ERES 19.14 18.55 18.78 18.92 19.14 19.37 19.51 19.73 18.83 18.29 17.47
MRDS 16.21 15.95 16.04 16.10 16.19 16.28 16.34 16.43 16.15 17.23 17.94
Telecommunication
ORDS 76.70 75.30 75.83 76.17 76.70 77.23 77.57 78.10 73.96 78.78 92.02
VFQS 14.10 13.91 14.01 14.07 14.17 14.27 14.33 14.43 14.05 15.02 16.09
Transportation
QGTS 24.98 24.53 24.72 24.84 25.03 25.22 25.34 25.53 22.93 22.56 22.89
QNNS 98.20 98.20 98.20 98.20 98.20 98.20 98.20 98.20 97.19 97.48 99.22
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:
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 sahbi.alkasraoui@qnbfs.com Doha, Qatar
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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
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