Another day concluded with no significant change against the session before. The Index created a long shadow on yesterday’s candlestick, which means selling pressure was higher at the time. Breaking above the 6,700 level could restore faith in the uptrend over the short term.

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Daily Technical Trader – KSA
Sunday, 15 May 2016
Today’s coverage
Ticker Price (SAR) 1
st
Target
SABIC 84.10 86.85
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,692.60 -0.03 230.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,700 6,850 7,000
Support 6,550 6,450 6,350
TASI All Share Index Commentary
Overview:
Another day concluded with no
significant change against the session
before. The Index created a long shadow
on yesterday’s candlestick, which means
selling pressure was higher at the time.
Breaking above the 6,700 level could
restore faith in the uptrend over the short
term.
Expected Resistance Level: 6,700
Expected Support Level: 6,550
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 15 May 12 May %Ch.
Value (SAR bn) 5.4 5.5 -3.1
Volume (mn) 251.2 263.1 -4.5
Mkt. Cap. (SAR bn) 1,534.5 1,541.2 -0.4
Market Breadth 77:85 108:58 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 14,966.86 -0.18 53.76
Petrochem 4,518.59 0.03 61.39
Cement 4,403.00 -0.12 47.83
Retail 10,095.52 -0.59 50.14
Energy and Utilities 6,157.87 -0.34 62.38
Agriculture and Food 7,716.44 -0.51 41.13
Telecom 1,567.91 -0.39 47.81
Insurance 1,303.48 -0.18 65.46
Multi-Investment 2,833.23 0.00 45.98
Industrial Invest. 6,933.95 1.81 77.16
Building and Const. 2,108.13 -0.80 54.33
RE Development 6,181.07 0.66 52.82
Transportation 7,521.49 -0.15 61.21
Media & Publishing 3,225.33 2.20 76.75
Hotel and Tourism 10,781.98 -0.68 60.83
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
SAUDI RESEARCH 49.74 3.3 81.1
SAUDI MINING 41.11 3.8 77.8
SAUDI PRINTING 23.19 1.7 73.9
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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Saudi Basic Industries (SABIC)
Price (SAR) % Ch. Volume
Last 84.10 -0.17 7,106,451
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 85.00 86.85 90.00
Support 81.50 78.00 77.00
Commentary
Overview:
The name has been in a short term
uptrend that managed to break above the
medium-term down channel. The price
stabilized in the past month and no
warning signs given yet. As a result, the
trend could continue upwards.
Expected Price Target: SAR86.85 –
SAR90.00
A price breakout above SAR85.00 triggers
the buy recommendation.
Suggested Stop-Loss Price: SAR81.50
(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 48.79 47.80 48.26 48.54 49.00 49.46 49.74 50.20 43.04 39.45 42.87
AL ALAMIYA COOP 33.38 32.19 32.65 32.93 33.39 33.85 34.13 34.59 31.74 34.64 46.52
AL RAJHI BANK 59.34 58.78 59.07 59.24 59.53 59.82 59.99 60.28 55.74 53.35 53.72
AL TAYYAR TRAVEL 41.83 40.94 41.36 41.62 42.04 42.46 42.72 43.14 37.85 42.75 58.96
ALANDALUS PROP 21.55 21.02 21.19 21.29 21.47 21.64 21.74 21.92 21.50 N/A N/A
ALINMA BANK 13.95 13.82 13.87 13.91 13.97 14.02 14.06 14.12 13.54 13.42 15.05
ALINMA TOKIO MAR 21.19 19.60 20.21 20.59 21.20 21.81 22.19 22.80 20.61 19.86 20.05
ASH-SHARQIYAH 43.47 42.29 42.67 42.91 43.29 43.67 43.91 44.29 41.90 41.25 50.71
BANK AL-JAZIRA 13.55 13.48 13.52 13.55 13.58 13.62 13.65 13.68 13.81 13.48 16.61
BUPA ARABIA 130.27 127.09 128.43 129.25 130.59 131.93 132.75 134.09 119.75 114.25 115.82
CO FOR COOP 87.18 86.06 86.63 86.99 87.56 88.13 88.49 89.06 79.92 75.43 80.02
DAR AL ARKAN REA 5.61 5.57 5.59 5.60 5.62 5.64 5.65 5.67 5.27 5.21 5.98
EMAAR ECONOMIC 14.13 13.71 13.86 13.96 14.11 14.26 14.36 14.51 13.97 13.24 12.05
ETIHAD ETISALAT 28.37 27.79 28.10 28.28 28.59 28.90 29.08 29.39 29.23 26.53 27.42
JABAL OMAR DEVEL 61.64 59.38 60.34 60.93 61.88 62.84 63.43 64.38 59.45 53.86 57.40
KNOWLEDGE ECON 14.46 13.39 13.71 13.91 14.24 14.56 14.76 15.09 13.77 12.85 15.06
MALATH INSURANCE 16.74 16.21 16.39 16.49 16.66 16.84 16.94 17.11 15.74 15.60 19.09
MEDITERRANEAN 24.50 23.27 23.67 23.92 24.32 24.72 24.97 25.37 22.48 20.97 23.79
MOBILE TELECOM 8.94 8.85 8.88 8.91 8.95 8.98 9.01 9.05 8.61 7.56 8.48
NATIONAL COMM 42.60 42.33 42.49 42.58 42.73 42.89 42.98 43.13 41.97 41.88 48.03
NATIONAL SHIPPING 45.14 44.58 44.81 44.95 45.18 45.41 45.55 45.78 42.54 39.98 40.16
RABIGH REFINING 12.59 11.70 12.00 12.19 12.50 12.80 12.99 13.30 11.42 10.51 13.28
SABB TAKAFUL 28.33 27.24 27.70 27.98 28.44 28.90 29.18 29.64 26.51 25.47 31.96
SABIC 84.10 83.20 83.68 83.97 84.45 84.93 85.22 85.70 78.72 74.10 79.18
SAPTCO 13.05 12.88 12.96 13.01 13.08 13.16 13.21 13.28 12.53 12.20 15.98
SASCO 17.23 16.98 17.07 17.13 17.23 17.32 17.38 17.48 16.97 16.58 20.01
SAUDI ARABIAN MI 41.11 38.37 39.55 40.29 41.47 42.65 43.39 44.57 32.46 31.54 32.03
SAUDI CERAMIC 39.68 39.36 39.51 39.61 39.76 39.91 40.01 40.16 39.91 39.17 48.91
SAUDI GROUND 50.65 49.05 49.91 50.44 51.30 52.16 52.69 53.55 45.29 42.91 50.95
SAUDI KAYAN PETR 6.80 6.70 6.76 6.79 6.85 6.91 6.94 7.00 5.72 5.51 7.04
SAUDI PAPER MAN 14.23 13.98 14.11 14.19 14.33 14.46 14.54 14.68 14.00 13.96 15.96
SAUDI PRINTING 23.19 22.13 22.53 22.78 23.18 23.58 23.83 24.23 21.09 20.99 19.78
SAUDI RESEARCH 49.74 46.01 47.37 48.21 49.56 50.92 51.76 53.11 41.68 43.44 33.73
SAUDI TELECOM CO 63.87 63.29 63.58 63.75 64.04 64.33 64.50 64.79 64.25 64.07 64.12
SAUDI TRANSPORT 56.38 53.29 54.63 55.46 56.79 58.13 58.96 60.29 51.81 53.55 57.00
SHAMS 36.92 36.31 36.54 36.68 36.91 37.14 37.28 37.51 36.82 36.78 36.32
THIMAR 33.98 33.39 33.70 33.89 34.19 34.50 34.69 34.99 33.27 33.41 39.16
TIHAMA 37.24 36.61 36.92 37.11 37.41 37.72 37.91 38.21 37.09 33.48 38.30
Sources: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given 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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