Qatar stock exchange

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Daily Technical Trader – Qatar
Thursday, 05 March 2015
Stocks Covered Today
Ticker Price Target
NLCS 21.20 22.00
SIIS 14.80 15.28
QSE Index
Level % Ch. Vol. (mn)
Last 12,130.25 -1.3 6.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,250 12,350 12,600
Support 12,100 12,000 11,800
QSE Index Commentary
Overview:
The QSE Index declined by more than
161 points in the last session. It should be
noted that traded volumes also dropped
significantly (over 30%) from the session
before. Although the direction is down at
this time, a bounce back could be
expected to take form around the 12,000-
12,100 levels.
Expected Resistance Level: 12,350
Expected Support Level: 12,000
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 04 Mar 15 03 Mar 15 %Ch.
Value Traded (QR mn) 275.7 406.5 -32.2
Ex. Mkt. Cap. (QR bn) 659.3 668.0 -1.3
Volume (mn) 5.2 8.6 -39.5
Number of Trans. 3,753 5,472 -31.4
Companies Traded 41 41 0.0
Market Breadth 8:32 9:30 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,509.59 -1.3 46.0
All Share Index 3,198.71 -1.2 47.4
Banks 3,227.46 -2.1 45.4
Industrials 4,001.67 -0.4 50.5
Transportation 2,475.65 -0.6 63.8
Real Estate 2,393.07 -1.0 43.4
Insurance 4,126.35 0.0 65.9
Telecoms 1,415.35 -1.3 49.0
Consumer 7,200.98 -0.9 42.2
Al Rayan Islamic 4,376.25 -1.0 54.2
RSI 14 (Over Bought)
Ticker Close 1D% RSI
QGRI 68.90 0.6 71.8
MCGS 152.30 -1.1 71.0
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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NLCS
Price % Ch. Volume
Last 21.20 0.05 147,869
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 21.70 22.00 22.45
Support 20.70 20.00 19.60
Commentary
Overview:
NLCS dropped 10% since its recent peak
in February 2015. The price, at the
moment, is trading just above the lower
side of a triangle price formation.
Technical indicators are flattish and thus
we are dependent on the candlestick
formation for this trade. The drop created
two Doji candlesticks end of February,
which indicates a possible change of
direction against the bearish attitude the
name went through since the middle of
last month.
Expected Target Price: QR22.00 –
QR22.45
A break above QR21.40 is needed before
buying the name.
Suggested Stop-Loss Price: QR20.95
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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SIIS
Price % Ch. Volume
Last 14.80 0.48 52,885
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 14.80 15.28 15.50
Support 14.50 14.10 13.50
Commentary
Overview:
The name created its recent bottom last
Thursday and could be bouncing off that
level. In addition, price created a
Dragonfly candlestick which is considered
a reversal pattern against the last move.
Indeed, the last move was a bearish one
that started since the middle of last
February. As a result, we conclude that
the name might move higher.
Expected Target Price: QR15.28 –
QR15.50
A sustained break above QR14.80 is
needed to initiate the long position.
Suggested Stop-Loss Price: QR14.50
(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 12,130.25 12,025.27 12,085.42 12,122.59 12,182.74 12,242.89 12,280.06 12,340.21 12,241.16 12,688.23 12,966.52
Total Return 18,509.59 18,349.40 18,441.19 18,497.90 18,589.68 18,681.47 18,738.18 18,829.96 18,338.32 18,964.75 19,359.13
All Share 3,198.71 3,172.40 3,187.48 3,196.79 3,211.86 3,226.94 3,236.25 3,251.32 3,155.26 3,244.49 3,297.09
Al Rayan Islamic 4,376.25 4,346.32 4,363.47 4,374.06 4,391.22 4,408.37 4,418.96 4,436.12 4,200.46 4,306.76 4,386.99
Banks & Financials Services
MARK 45.50 44.57 45.10 45.43 45.97 46.50 46.83 47.37 46.29 47.71 51.13
CBQK 69.00 68.00 68.46 68.74 69.20 69.66 69.94 70.40 68.09 69.81 69.20
DHBK 57.90 57.17 57.59 57.85 58.27 58.69 58.95 59.37 57.36 57.57 58.91
QIBK 101.00 100.00 100.57 100.93 101.50 102.07 102.43 103.00 105.07 105.83 105.61
QIIK 85.00 84.53 84.80 84.97 85.23 85.50 85.67 85.93 82.75 83.30 84.71
Insurance
QATI 77.40 75.80 76.26 76.54 77.00 77.46 77.74 78.20 77.35 79.12 77.91
Consumer Goods & Services
MCGS 152.30 147.57 149.40 150.53 152.37 154.20 155.33 157.17 130.57 127.04 116.50
Industrials
IQCD 146.20 145.20 145.70 146.00 146.50 147.00 147.30 147.80 156.10 171.57 177.47
QEWS 188.20 184.13 185.81 186.85 188.53 190.21 191.25 192.93 191.96 189.19 188.09
GISS 93.00 91.67 92.24 92.59 93.17 93.74 94.09 94.67 99.12 104.98 106.91
QIGD 44.00 43.33 43.72 43.95 44.33 44.72 44.95 45.33 40.74 43.62 51.44
Real Estate
BRES 48.70 48.13 48.46 48.66 48.98 49.31 49.51 49.83 45.55 45.06 42.86
UDCD 24.20 24.01 24.11 24.16 24.25 24.35 24.40 24.49 24.11 25.08 26.20
ERES 15.45 15.32 15.38 15.42 15.49 15.55 15.59 15.66 15.49 16.79 19.28
MRDS 19.05 18.80 18.89 18.94 19.02 19.11 19.16 19.24 19.63 20.86 20.89
Telecommunication
ORDS 113.40 112.40 112.97 113.33 113.90 114.47 114.83 115.40 116.33 118.36 126.81
VFQS 17.80 17.49 17.61 17.69 17.82 17.94 18.02 18.15 16.35 17.49 18.77
Transportation
QGTS 24.74 24.31 24.47 24.56 24.71 24.87 24.96 25.11 23.78 23.65 23.74
QNNS 106.00 105.20 105.62 105.88 106.30 106.72 106.98 107.40 100.36 99.01 96.68
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
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