Qatar Stock exchange

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Daily Technical Trader – Qatar
Wednesday, 08 April 2015
Stocks Covered Today
Ticker Price Target
GISS 96.00 99.00
QIIK 81.00 82.00
QSE Index
Level % Ch. Vol. (mn)
Last 11,833.83 0.9 4.3
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 11,850 11,960 12,000
Support 11,760 11,500 11,450
QSE Index Commentary
Overview:
The QSE Index closed above the
downtrend channel as seen on the daily
chart, which is considered as a positive
sign. That been said, the intraday chart
(30min chart) shows that the Index
reached the plotted downtrend line. Thus,
we assume that the 11,850 could be a
tough resistance to break, and if broken
on the upside, the 12,000 resistance level
will be next. Indicators suggest that these
levels might be reached.
Expected Resistance Level: 11,850
Expected Support Level: 11,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 07 Apr 15 06 Apr 15 %Ch.
Value Traded (QR mn) 365.6 200.3 82.5
Ex. Mkt. Cap. (QR bn) 638.0 633.8 0.7
Volume (mn) 8.2 6.2 33.4
Number of Trans. 4,430 3,744 18.3
Companies Traded 40 42 -4.8
Market Breadth 27:11 9:28 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,388.84 0.9 55.0
All Share Index 3,161.68 0.8 53.8
Banks 3,176.52 0.4 49.7
Industrials 3,954.39 1.1 57.5
Transportation 2,419.13 0.8 48.7
Real Estate 2,458.47 1.7 60.0
Insurance 4,121.23 0.0 52.3
Telecoms 1,325.09 -0.5 44.2
Consumer 6,976.52 0.9 48.7
Al Rayan Islamic 4,369.60 1.3 58.9
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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GISS
Price % Ch. Volume
Last 96.00 0.95 191,588
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 97.30 99.00 100.00
Support 95.00 92.50 91.00
Commentary
Overview:
The name created a Double-Bottom price
formation last March; it might gain
strength further. The strength is expected
to be derived from the Ascending Triangle
formation created on the intraday chart. A
breach above the upper side of that
triangle may bring more buying
momentum to support our expectation.
Expected Target Price: QR99.00 –
QR100.00
A break above QR97.30 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR95.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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QIIK
Price % Ch. Volume
Last 81.00 2.53 285,045
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 81.00 82.00 84.00
Support 80.00 78.00 75.00
Commentary
Overview:
The Shari’ah compliant bank bounced off
the medium-term downtrend line (denoted
in red); that trend line acted as a support
on the name. In addition, the last session
created a bullish candlestick and broke
the upper side of the short-term uptrend
channel (denoted in green). Momentum
indicators suggest the probability for
another advance.
Expected Target Price: QR82.00 –
QR84.00
A break above QR81.00 is needed to
trigger the long position.
Suggested Stop-Loss Price: QR80.00
(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 11,833.83 11,709.50 11,751.21 11,776.99 11,818.71 11,860.42 11,886.20 11,927.92 12,084.98 12,272.58 12,798.56
Total Return 18,388.84 18,195.63 18,260.46 18,300.51 18,365.34 18,430.17 18,470.22 18,535.05 18,390.89 18,487.57 19,180.43
All Share 3,161.68 3,133.13 3,142.65 3,148.52 3,158.03 3,167.55 3,173.42 3,182.93 3,172.45 3,176.93 3,273.90
Al Rayan Islamic 4,369.60 4,305.75 4,324.99 4,336.88 4,356.12 4,375.36 4,387.25 4,406.49 4,310.69 4,250.39 4,374.45
Banks & Financials Services
MARK 48.30 47.60 47.85 48.00 48.25 48.50 48.65 48.90 47.18 46.44 50.04
CBQK 56.40 55.80 55.99 56.11 56.30 56.49 56.61 56.80 61.15 61.94 62.65
DHBK 51.60 50.07 50.56 50.87 51.37 51.86 52.17 52.67 54.88 55.85 57.43
QIBK 100.30 98.50 99.15 99.55 100.20 100.85 101.25 101.90 102.94 102.91 105.78
QIIK 81.00 78.87 79.48 79.86 80.47 81.08 81.46 82.07 82.85 82.05 84.03
Insurance
QATI 78.60 77.40 77.74 77.96 78.30 78.64 78.86 79.20 78.22 77.20 79.08
Consumer Goods & Services
MCGS 141.00 139.87 140.21 140.42 140.77 141.11 141.32 141.67 142.13 131.74 123.58
Industrials
IQCD 144.00 139.33 140.86 141.81 143.33 144.86 145.81 147.33 145.77 159.32 171.87
QEWS 191.60 189.60 190.52 191.08 192.00 192.92 193.48 194.40 191.04 189.46 187.82
GISS 96.00 93.87 94.63 95.10 95.87 96.63 97.10 97.87 96.56 98.09 106.55
QIGD 40.25 39.55 39.82 39.98 40.25 40.52 40.68 40.95 41.03 41.19 48.51
Real Estate
BRES 45.60 45.07 45.22 45.31 45.47 45.62 45.71 45.87 47.34 46.00 43.59
UDCD 21.78 21.07 21.27 21.40 21.61 21.81 21.94 22.15 23.35 23.94 25.75
ERES 16.10 15.71 15.84 15.92 16.05 16.18 16.26 16.39 15.85 15.89 18.08
MRDS 18.69 18.50 18.55 18.59 18.65 18.70 18.74 18.80 19.36 19.70 20.78
Telecommunication
ORDS 99.80 99.20 99.54 99.76 100.10 100.44 100.66 101.00 110.00 113.62 121.43
VFQS 17.73 17.52 17.59 17.63 17.71 17.78 17.82 17.90 17.33 16.85 18.53
Transportation
QGTS 22.61 22.34 22.43 22.49 22.59 22.68 22.74 22.84 23.75 23.43 23.65
QNNS 98.00 96.80 97.30 97.60 98.10 98.60 98.90 99.40 103.04 100.22 97.66
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 – Institutions
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa
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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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