Qatar stock exchange

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Daily Technical Trader – Qatar
Sunday, 05 April 2015
Stocks Covered Today
Ticker Price Target
ORDS 99.00 102.00
KCBK 20.20 20.60
QSE Index
Level % Ch. Vol. (mn)
Last 11,699.03 1.5 4.2
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 11,760 11,850 11,960
Support 11,500 11,450 11,350
QSE Index Commentary
Overview:
The QSE Index is giving conflicting signals
between the daily and the hourly chart,
which signifies the indecision among
traders on the upcoming direction. The
candlestick created last Thursday
suggests continuation upwards while the
intraday oscillators are showing possible
weakness. Traders should be cautious
around these levels.
Expected Resistance Level: 11,760
Expected Support Level: 11,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 02 Apr 15 01 Apr 15 %Ch.
Value Traded (QR mn) 338.2 282.9 19.5
Ex. Mkt. Cap. (QR bn) 632.4 624.5 1.3
Volume (mn) 7.9 5.0 58.4
Number of Trans. 4,467 3,672 21.7
Companies Traded 41 40 2.5
Market Breadth 35:5 10:28 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,179.38 1.5 50.5
All Share Index 3,130.24 1.2 49.4
Banks 3,169.52 1.5 48.7
Industrials 3,895.48 1.5 52.8
Transportation 2,434.48 1.6 51.7
Real Estate 2,388.57 0.8 50.8
Insurance 4,069.67 -0.7 48.1
Telecoms 1,315.97 1.6 41.2
Consumer 6,900.74 0.5 41.3
Al Rayan Islamic 4,304.68 1.3 53.1
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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ORDS
Price % Ch. Volume
Last 99.00 2.06 79,640
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 99.00 102.00 105.40
Support 98.00 97.00 95.00
Commentary
Overview:
ORDS reached a bottom of a downtrend
channel and the technical indicators
suggest a possible bounce from the
current levels. The MACD is below the
zero – confirming the current downtrend –
while the Histogram is showing buying
strength. The RSI just broke above the
oversold area, which is a healthy sign for
the near term.
Expected Target Price: QR102.00–
QR105.00
A break above QR99.00 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR98.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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KCBK
Price % Ch. Volume
Last 20.20 0.05 164,242
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 20.30 20.60 21.00
Support 20.00 19.70 19.50
Commentary
Overview:
The name has been trading in a range
(denoted in the horizontal green channel)
since June of last year. The price reached
the bottom of that range and might bounce
off from this point. The MACD on the daily
is below the zero line but the Histogram’s
movement suggest selling pressure is
easing off.
Expected Target Price: QR20.60 –
QR21.00
A break above QR20.30 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR20.00
(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 11,699.03 11,501.46 11,564.51 11,603.46 11,666.51 11,729.56 11,768.51 11,831.56 12,086.32 12,331.97 12,816.23
Total Return 18,179.38 17,872.36 17,970.34 18,030.86 18,128.84 18,226.82 18,287.34 18,385.32 18,348.78 18,554.09 19,195.69
All Share 3,130.24 3,083.58 3,098.38 3,107.53 3,122.33 3,137.13 3,146.28 3,161.08 3,165.73 3,186.84 3,275.79
Al Rayan Islamic 4,304.68 4,228.60 4,251.89 4,266.29 4,289.58 4,312.87 4,327.27 4,350.56 4,292.19 4,258.79 4,374.55
Banks & Financials Services
MARK 47.55 46.05 46.57 46.88 47.40 47.92 48.23 48.75 46.95 46.51 50.12
CBQK 56.30 55.43 55.70 55.87 56.13 56.40 56.57 56.83 61.38 62.26 62.70
DHBK 51.40 49.80 50.26 50.54 51.00 51.46 51.74 52.20 55.29 56.09 57.58
QIBK 99.00 98.33 98.72 98.95 99.33 99.72 99.95 100.33 103.21 103.21 105.77
QIIK 79.40 76.93 77.66 78.11 78.83 79.56 80.01 80.73 82.78 82.21 84.10
Insurance
QATI 77.00 75.67 76.32 76.72 77.37 78.02 78.42 79.07 77.90 77.37 78.95
Consumer Goods & Services
MCGS 141.10 138.83 139.75 140.32 141.23 142.15 142.72 143.63 141.04 131.29 122.73
Industrials
IQCD 140.30 135.77 137.29 138.24 139.77 141.29 142.24 143.77 146.01 160.96 172.46
QEWS 193.10 192.37 192.75 192.98 193.37 193.75 193.98 194.37 191.18 189.36 187.79
GISS 94.00 91.67 92.62 93.21 94.17 95.12 95.71 96.67 96.57 99.04 106.49
QIGD 40.30 37.93 38.62 39.05 39.73 40.42 40.85 41.53 40.93 41.43 48.83
Real Estate
BRES 45.15 44.45 44.72 44.88 45.15 45.42 45.58 45.85 47.32 46.13 43.54
UDCD 21.19 20.93 21.01 21.05 21.13 21.21 21.25 21.33 23.52 24.09 25.81
ERES 15.49 15.32 15.37 15.40 15.45 15.50 15.53 15.58 15.77 15.99 18.17
MRDS 18.40 17.88 18.03 18.13 18.28 18.43 18.53 18.68 19.46 19.87 20.79
Telecommunication
ORDS 99.00 97.33 97.91 98.26 98.83 99.41 99.76 100.33 110.93 114.24 122.16
VFQS 17.66 17.50 17.59 17.65 17.74 17.83 17.89 17.98 17.17 16.89 18.57
Transportation
QGTS 22.70 21.91 22.14 22.28 22.50 22.73 22.87 23.09 23.80 23.49 23.66
QNNS 99.40 96.53 97.45 98.02 98.93 99.85 100.42 101.33 102.95 100.39 97.58
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 QNB Financial Services SPC
Head of Research Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 PO Box 24025
saugata.sarkar@qnbfs.com.qa Doha, Qatar
Sahbi Kasraoui Ahmed Al-Khoudary
Manager – HNWI Head of Sales Trading – Institutional
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa
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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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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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