The TASI Index remains at an imperative level below the 6,100. It also created an evening Doji star candlestick, which is a warning of a possible change in direction down if the 6,080 is broken below. We also see the index reaching the upper side of a downtrend channel in the medium term, which might create some selling pressure there.

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Daily Technical Trader – KSA
Tuesday, 01 March 2016
Stock Covered Today
Ticker Price (SAR) 1
st
Target
ALINMA 13.19 13.65
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,092.50 0.01 337.9
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,100 6,170 6,260
Support 6,000 5,900 5,750
TASI All Share Index Commentary
Overview:
The TASI Index remains at an imperative
level below the 6,100. It also created an
evening Doji star candlestick, which is a
warning of a possible change in direction
down if the 6,080 is broken below. We
also see the index reaching the upper side
of a downtrend channel in the medium
term, which might create some selling
pressure there.
Expected Resistance Level: 6,100
Expected Support Level: 6,000
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 29 Feb 28 Feb %Ch.
Value (SAR bn) 6.4 5.0 26.7
Mkt. Cap. (SAR bn) 1,402.4 1,401.0 0.1
Volume (mn) 372.8 277.9 34.1
Transactions 149,721 121,249 23.5
Companies Traded 167 166 0.6
Market Breadth 53:109 162:4 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 14,172.96 0.01 57.68
Petrochem 3,850.76 0.67 58.33
Cement 4,318.30 -0.61 60.87
Retail 10,095.72 1.39 54.28
Energy and Utilities 5,458.09 -1.02 69.03
Agriculture and Food 7,468.34 -0.08 54.13
Telecom 1,468.31 -0.95 58.81
Insurance 1,046.77 -0.02 52.62
Multi-Investment 2,661.84 0.05 55.93
Industrial Invest. 5,690.79 0.64 55.24
Building and Const. 1,881.87 -0.95 56.04
RE Development 5,241.80 -0.46 55.07
Transportation 6,341.37 -0.05 53.34
Media & Publishing 2,913.41 -1.11 54.84
Hotel and Tourism 9,928.34 -1.38 42.25
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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ALINMA
Price (SAR) % Ch. Volume
Last 13.19 0.00 69,814,963
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 13.30 13.65 14.05
Support 12.90 12.60 11.80
Commentary
Overview:
It is very hard to pick bottoms against a
major downtrend, but we could be seeing
some signs of recovery on the name. It
seems that the price has broken the
medium-term downtrend line and trying
to sustain its markings above that line. In
addition, we see positive divergence on
both the MACD and the RSI indicators
vis-à-vis the price. This is a very
important indication that the downtrend
could be losing its momentum and we
may be switching to a bullish move. The
risks are the name created a Doji
candlestick in the previous session and it
is trading below its moving averages on
the daily chart.
Expected Target Price: SAR13.65 –
SAR14.05
A price breakaway above SAR13.30
triggers the buy recommendation.
Suggested Stop-Loss Price: SAR12.60
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Sup/Res Levels for the Most Active in Traded Value 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
ADVANCED PETROCH 36.75 36.05 36.39 36.61 36.95 37.29 37.51 37.85 36.05 41.33 46.73
AL ALAMIYA COOPE 29.33 27.91 28.64 29.08 29.81 30.54 30.98 31.71 39.99 49.79 54.37
AL RAJHI BANK 53.96 52.99 53.46 53.76 54.24 54.71 55.01 55.49 50.85 51.13 56.21
AL TAYYAR TRAVEL 37.58 36.66 37.12 37.40 37.86 38.32 38.60 39.06 50.27 59.35 76.60
ALANDALUS PROPER 20.45 19.98 20.23 20.39 20.63 20.88 21.04 21.28 N/A N/A N/A
ALINMA BANK 13.19 13.03 13.11 13.15 13.23 13.31 13.35 13.43 13.39 14.13 17.72
ALINMA TOKIO MAR 19.89 18.96 19.40 19.67 20.11 20.55 20.82 21.26 19.38 19.86 22.32
ASH-SHARQIYAH DE 40.80 39.67 40.20 40.53 41.07 41.60 41.93 42.47 41.76 50.45 61.72
ASH-SHARQIYAH DE 40.80 39.67 40.20 40.53 41.07 41.60 41.93 42.47 41.76 50.45 61.72
BANK AL-JAZIRA 12.83 12.64 12.72 12.77 12.84 12.92 12.97 13.04 13.41 15.60 20.81
BUPA ARABIA 108.78 106.93 107.88 108.47 109.43 110.38 110.97 111.93 108.35 110.59 116.54
CO FOR COOPERATI 73.03 69.34 70.68 71.51 72.84 74.18 75.01 76.34 70.71 75.48 84.10
DAR AL ARKAN REA 4.61 4.54 4.57 4.60 4.64 4.67 4.70 4.74 5.25 5.81 7.03
EMAAR ECONOMIC C 13.30 12.90 13.05 13.15 13.30 13.45 13.55 13.70 12.44 11.38 12.47
ETIHAD ETISALAT 23.21 22.67 22.90 23.04 23.27 23.50 23.64 23.87 24.10 26.73 28.83
JABAL OMAR DEVEL 49.05 48.22 48.52 48.71 49.02 49.32 49.51 49.82 48.55 53.40 61.91
KNOWLEDGE ECON 11.96 11.52 11.71 11.83 12.02 12.21 12.33 12.52 12.18 13.90 18.80
MALATH INSURANCE 13.15 12.85 13.00 13.10 13.25 13.40 13.50 13.65 15.93 18.77 23.87
MEDITERRANEAN & 16.81 16.30 16.55 16.71 16.95 17.20 17.36 17.60 19.95 23.09 30.74
MOBILE TELECOMMU 6.51 5.77 6.00 6.14 6.37 6.60 6.74 6.97 6.68 7.87 9.31
NATIONAL COMM 39.62 38.87 39.10 39.24 39.47 39.70 39.84 40.07 42.57 47.59 54.51
NATIONAL COMM 39.62 38.87 39.10 39.24 39.47 39.70 39.84 40.07 42.57 47.59 54.51
NATIONAL SHIPPIN 37.64 37.01 37.32 37.51 37.81 38.12 38.31 38.61 39.67 42.16 43.84
RABIGH REFINING 9.30 9.10 9.20 9.25 9.35 9.45 9.50 9.60 9.85 12.22 16.44
SABB TAKAFUL 23.85 23.28 23.59 23.78 24.08 24.39 24.58 24.88 24.99 31.37 36.94
SABIC 72.73 71.08 71.94 72.47 73.33 74.19 74.72 75.58 70.14 77.85 85.28
SAPTCO 11.15 10.82 10.99 11.09 11.27 11.44 11.54 11.72 12.38 16.01 20.18
SASCO 15.72 15.44 15.59 15.69 15.84 15.99 16.09 16.24 16.69 20.13 23.65
SAUDI ARABIAN MI 31.56 30.99 31.25 31.42 31.69 31.95 32.12 32.39 30.91 31.65 34.95
SAUDI CERAMIC CO 37.59 37.13 37.36 37.50 37.73 37.96 38.10 38.33 39.30 46.81 60.26
SAUDI GROUND SER 42.75 42.05 42.28 42.42 42.65 42.88 43.02 43.25 40.85 47.68 N/A
SAUDI KAYAN PETR 4.88 4.76 4.80 4.82 4.86 4.90 4.92 4.96 5.49 6.93 8.58
SAUDI PAPER MANU 13.54 12.85 13.19 13.40 13.75 14.09 14.30 14.65 14.29 16.29 19.08
SAUDI PRINTING & 21.37 20.56 20.98 21.24 21.66 22.08 22.34 22.76 21.25 21.25 19.32
SAUDI RESEARCH A 42.22 41.01 41.62 42.00 42.61 43.22 43.60 44.21 46.13 38.48 27.24
SAUDI TELECOM CO 66.25 65.75 65.94 66.06 66.25 66.44 66.56 66.75 63.82 64.56 65.27
SAUDI TRANSPORT 53.23 51.58 52.44 52.97 53.83 54.69 55.22 56.08 56.48 59.13 62.19
SHAMS 35.81 34.74 35.27 35.60 36.14 36.67 37.00 37.54 36.86 35.98 39.54
THIMAR 33.49 32.76 33.15 33.38 33.76 34.15 34.38 34.76 33.88 36.75 50.58
TIHAMA 38.03 36.61 37.34 37.78 38.51 39.24 39.68 40.41 29.25 30.47 53.10
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 Intraday 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 6509
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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