The QE General Index ended the day marginally lower, albeit on substantial volumes (~2x ADV for August).

1. Technical Spotlight
Sunday, January 14, 2018
1
‫اليومي‬ ‫الفني‬ ‫التحليل‬
–
‫قطر‬ ‫بورصة‬
Daily Technical Trader – QATAR
Thursday, August 31, 2023
QE Index Overview QE Index Daily Chart ‫السوق‬ ‫لمؤشر‬ ‫اليومي‬ ‫البياني‬ ‫الرسم‬ ‫العام‬ ‫المؤشر‬ ‫على‬ ‫نظرة‬
The QE General Index ended
the day marginally lower,
albeit on substantial volumes
(~2x ADV for August). We
maintain our short-term
analysis, discussed in last
week’s DTT, of some more
consolidating candles around
temporary support created
near closely tracking
50SMA/100SMA this week.
The large volume on today’s
candle with small real body
and little shadows tilt our
expectations slightly on the
upside should the index
manage to close above
50SMA. Waiting is advised for
a buy signal till that happens.
‫أغلق‬
‫العام‬ ‫قطر‬ ‫بورصة‬ ‫مؤشر‬
،‫طفيف‬ ‫بانخفاض‬ ‫اليوم‬
‫الرغم‬ ‫على‬
‫كبير‬ ‫تداول‬ ‫حجم‬ ‫من‬
‫(حوالي‬
‫ضعف‬
‫لشهر‬ ‫اليومي‬ ‫التداول‬ ‫حجم‬ ‫متوسط‬
.)‫أغسطس‬
‫على‬ ‫تحليلنا‬ ‫يزال‬ ‫ما‬
‫نفسه‬ ‫القصير‬ ‫المدى‬
‫تمت‬ ‫والذي‬ ،
‫اليومي‬ ‫الفني‬ ‫التحليل‬ ‫في‬ ‫مناقشته‬
،‫الماضي‬ ‫األسبوع‬
‫لبعض‬ ‫بالنسبة‬
‫الدعم‬ ‫حول‬ ‫المعززة‬ ‫الشموع‬
‫من‬ ‫بالقرب‬ ‫إنشاؤه‬ ‫تم‬ ‫الذي‬ ‫المؤقت‬
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
‫ل‬
50
‫و‬ ‫يوم‬
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
‫ل‬
100
‫هذا‬ ‫يوم‬
.‫األسبوع‬
‫يميل‬
‫ذات‬ ‫اليوم‬ ‫لشمعة‬ ‫الكبير‬ ‫الحجم‬
‫الحقيقي‬ ‫الجسم‬
‫والظالل‬ ‫الصغير‬
ً‫ال‬‫قلي‬ ‫األعلى‬ ‫نحو‬ ‫توقعاتنا‬ ‫الصغيرة‬
‫فوق‬ ‫اإلغالق‬ ‫من‬ ‫المؤشر‬ ‫تمكن‬ ‫إذا‬
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
‫ل‬
50
.‫يوم‬
‫ُنصح‬‫ي‬
‫بالتريث‬
‫على‬ ‫للحصول‬
‫ذلك‬ ‫يحدث‬ ‫حتى‬ ‫شراء‬ ‫إشارة‬
.

2. 2
Expected Resistance Level:
10,452
Expected Support Level:
10,000
QE Index Indicators ‫السوق‬ ‫مؤشرات‬
Aug 30 Aug 29 % ∆
Index Last Close 10,350.12 10,370.93 (0.2) ‫العام‬ ‫للمؤشر‬ ‫إقفال‬ ‫آخر‬
Value (QR mn) 542.6 589.0 (7.9) )‫لاير‬ ‫(مليون‬ ‫المتداولة‬ ‫القيمة‬
Exchange Market
Cap. (QR bn) 611.5 612.2
(0.1)
‫السوقية‬ ‫القيمة‬
‫إلجمالي‬
‫االسهم‬
)‫لاير‬ ‫(مليار‬
Volume (mn) 251.8 234.5 7.4 )‫سهم‬ ‫(مليون‬ ‫التداول‬ ‫حجم‬
Number of Trans. 19,529 21,447 (8.9) ‫المنفذة‬ ‫العقود‬ ‫عدد‬
Companies Traded 51 49 4.1 ‫المتداولة‬ ‫الشركات‬ ‫عدد‬
Market Breadth 17:27 30:18 – ‫السوق‬ ‫عمق‬
:‫المتوقع‬ ‫المقاومة‬ ‫مستوى‬
10,452
:‫المتوقع‬ ‫الدعم‬ ‫مستوى‬
10,000
Estithmar Holding ‫القابضة‬ ‫إستثمار‬
Stock Overview Daily Chart ‫اليومي‬ ‫البياني‬ ‫الرسم‬ ‫نظرة‬
‫على‬
‫السهم‬
Estithmar Holding witnessed
significant buying in the last
two trading sessions. The
latest candle followed up on
the long bullish candle formed
in previous session, which
had conclusively closed above
the price resistance created
by two-week high on a very
high volume. The small real
body on latest candle
suggests some resistance at
Mid-July High ~2.240. With
confirming RSI and huge
volumes on these two latest
candles a significant upside is
expected with a target of 2.40
(June High), if the prices close
above immediate resistance
at 2.240. Also, should the
down-trending 50SMA
‫عمليات‬ ‫القابضة‬ ‫استثمار‬ ‫سهم‬ ‫وشهد‬
‫التداول‬ ‫جلستي‬ ‫خالل‬ ‫كبيرة‬ ‫شراء‬
‫األخيرة‬ ‫الشمعة‬ ‫اتبعت‬ .‫األخيرتين‬
‫التي‬ ‫الطويلة‬ ‫الصعودية‬ ‫الشمعة‬
‫والتي‬ ،‫السابقة‬ ‫الجلسة‬ ‫في‬ ‫تشكلت‬
‫مقاومة‬ ‫فوق‬ ‫قاطع‬ ‫بشكل‬ ‫أغلقت‬
‫مستوى‬ ‫أعلى‬ ‫خلقها‬ ‫التي‬ ‫السعر‬
‫مرتفع‬ ‫وبحجم‬ ‫أسبوعين‬ ‫خالل‬
‫الح‬ ‫الجسم‬ ‫يشير‬ .‫للغاية‬
‫الصغير‬ ‫قيقي‬
‫بعض‬ ‫إلى‬ ‫األخيرة‬ ‫الشمعة‬ ‫في‬
‫في‬ ‫مستوى‬ ‫أعلى‬ ‫عند‬ ‫المقاومة‬
‫عند‬ ‫يوليو‬ ‫منتصف‬
2.240
‫مع‬ .
‫واألحجام‬ ‫النسبية‬ ‫القوة‬ ‫مؤشر‬ ‫تأكيد‬
‫الشمعتين‬ ‫هاتين‬ ‫على‬ ‫الضخمة‬
‫اتجاه‬ ‫حدوث‬ ‫المتوقع‬ ‫من‬ ،‫األخيرتين‬
‫كبير‬ ‫صعودي‬
‫نحو‬
‫هدف‬
2.40
‫أغلقت‬ ‫إذا‬ ،)‫يونيو‬ ‫في‬ ‫سعر‬ ‫(أعلى‬
‫المقا‬ ‫فوق‬ ‫األسعار‬
‫عند‬ ‫المباشرة‬ ‫ومة‬
2.240
‫انعكس‬ ‫إذا‬ ،‫ا‬ً‫ض‬‫وأي‬ .

3. 3
reverse and lead the 6 -month
long still Bullish 10SMA, will
further confirm our up-move
expectation.
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
‫ل‬
50
‫يوم‬
‫ذو‬
‫وتصدر‬ ‫الهبوطي‬ ‫االتجاه‬
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
‫ل‬
100
‫يوم‬
‫مدى‬ ‫على‬ ‫الصاعد‬
6
،‫أشهر‬
‫بالحركة‬ ‫توقعاتنا‬ ‫ذلك‬ ‫يؤكد‬ ‫فسوف‬
.‫الصعودية‬
Expected Target Price:
QR2.300
You May Use Support Levels
as Suggested Stop-Loss
Points
Last Px. ‫االقفال‬ ‫سعر‬ %∆ ‫التغير‬% Volume ‫التداول‬ ‫حجم‬
2.235 0.72 22,986,280
Resistance/Support Level ‫مستوى‬
/ ‫الدعم‬
‫المقاومة‬
1st ‫األول‬ 2nd ‫الثاني‬ 3rd ‫الثالث‬
Resistance 2.240 - - ‫مقاومة‬
Support 2.190 - - ‫دعم‬
‫ا‬
‫ال‬
‫هداف‬
:‫المتوقعة‬ ‫السعرية‬
2.300
‫لاير‬
‫مستويات‬ ‫استخدام‬ ‫الممكن‬ ‫من‬
‫ايقاف‬ ‫كمستويات‬ ‫المذكورة‬ ‫الدعم‬
‫مقترحة‬ ‫خسارة‬
:‫التعريفات‬
:‫اليابانية‬ ‫الشموع‬
.‫محددة‬ ‫فترة‬ ‫خالل‬ ‫السهم‬ ‫وصله‬ ‫سعر‬ ‫وأدنى‬ ‫وأعلى‬ ‫واإلغالق‬ ‫االفتتاح‬ ‫سعر‬ ‫الرسم‬ ‫يحدد‬ .‫قديمة‬ ‫يابانية‬ ‫طريقة‬ ‫على‬ ‫األسعار‬ ‫رسم‬ ‫طرق‬ ‫أحد‬ ‫وهي‬
‫وتتكون‬
‫ا‬ "‫"جسم‬ ‫من‬ ‫الشمعة‬
‫بسعر‬ ‫تتحدد‬ ‫حيث‬ ‫لشمعة‬
‫االفتتاح‬
‫و‬
‫سع‬ ‫أن‬ ‫تعني‬ ‫الملونة‬ ‫الشمعة‬ .‫اإلغالق‬
‫و‬ ‫االفتتاح‬ ‫سعر‬ ‫من‬ ‫أقل‬ ‫اإلغالق‬ ‫ر‬
‫العكس‬
‫للشمعة‬ .‫البيضاء‬ ‫للشمعة‬ ‫بالنسبة‬ ‫صحيح‬
‫عامة‬ ‫بصورة‬ .‫المطلوبة‬ ‫الفترة‬ ‫خالل‬ ‫السهم‬ ‫وصله‬ ‫سعر‬ ‫وأقل‬ ‫أعلى‬ ‫يحدد‬ ‫لظل‬ ‫وهذا‬ ‫الشمعة‬ "‫"ظل‬ ‫بـ‬ ‫يسمى‬ ‫ما‬ ‫اليابانية‬
،
‫التجاه‬ ‫استمرار‬ ‫من‬ ‫كثيرة‬ ‫دالالت‬ ‫له‬ ‫الشمعة‬ ‫شكل‬ ‫فإن‬
.‫انعكاسه‬ ‫أو‬ ‫السهم‬

4. 4
:‫الدعم‬ ‫مستوى‬
‫وهو‬
‫يشار‬ ‫أن‬ ‫فيه‬ ‫يتوقع‬ ‫الذي‬ ‫المستوى‬
‫المتداول‬ ‫ك‬
‫البيع‬ ‫من‬ ‫أكثر‬ ‫الشراء‬ ‫على‬ ‫فيه‬ ‫ين‬
،
.‫دنية‬ ‫مستويات‬ ‫إلى‬ ‫السهم‬ ‫انخفاض‬ ‫احتمال‬ ‫من‬ ‫يقلل‬ ‫وهذا‬
:‫المقاومة‬ ‫مستوى‬
‫الدعم‬ ‫مستوى‬ ‫عكس‬ ‫وهو‬
،
‫الشراء‬ ‫من‬ ‫أكثر‬ ‫بالبيع‬ ‫المتداولون‬ ‫يقوم‬ ‫أن‬ ‫يتوقع‬ ‫حيث‬
،
.‫أعلى‬ ‫مستويات‬ ‫الى‬ ‫السهم‬ ‫ارتفاع‬ ‫احتمال‬ ‫من‬ ‫يقلل‬ ‫وذلك‬
‫البسيط‬ ‫المتحرك‬ ‫المتوسط‬
:
‫المؤش‬ ‫هذا‬ ‫يعتبر‬ ‫السبب‬ ‫لهذا‬ ‫المختارة‬ ‫الفترات‬ ‫من‬ ‫محدد‬ ‫عدد‬ ‫على‬ ‫السهم‬ ‫سعر‬ ‫معدل‬ ‫يحسب‬ ‫حسابي‬ ‫متوسط‬ ‫هو‬
‫البيع‬ ‫عالمات‬ ‫إعطاء‬ ‫في‬ ‫متأخر‬ ‫ر‬
‫و‬
‫ت‬ ‫السعر‬ ‫اتجاه‬ ‫لمعرفة‬ ‫أداة‬ ‫مثل‬ ،‫كثيرة‬ ‫أغراضا‬ ‫للمتوسطات‬ ،‫عام‬ ‫بشكل‬ .‫اإلغالق‬ ‫أسعار‬ ‫تستخدم‬ ‫تحليلنا‬ ‫في‬ ‫المستخدمة‬ ‫المتوسطات‬ .‫الشراء‬
‫أشيري‬
‫السعر‬ ‫تقلبات‬ ‫حدة‬ ‫تقليل‬ ،
‫و‬
.‫االستخدامات‬ ‫من‬ ‫ذلك‬ ‫غير‬ ‫وإلى‬ ‫والمقاومة‬ ‫للدعم‬ ‫المحتملة‬ ‫المستويات‬
‫ال‬ ‫عمق‬
:‫سوق‬
‫األ‬ ‫عدد‬ ‫إلى‬ ‫يشير‬
‫و‬ ‫تداولها‬ ‫تم‬ ‫التي‬ ‫المالية‬ ‫وراق‬
.‫معين‬ ‫يوم‬ ‫تبادل‬ ‫في‬ ‫المتراجعة‬ ‫األسهم‬ ‫عدد‬ ‫مقابل‬ ‫ارتفاع‬ ‫على‬ ‫أقفلت‬
( ‫التباعد‬ / ‫التقارب‬ ‫المتحرك‬ ‫المتوسط‬
MACD
:)
‫مؤشر‬ ‫هو‬
‫و‬ ‫قوة‬ ‫في‬ ‫التغيرات‬ ‫على‬ ‫يدل‬ ‫تداول‬
‫حسابات‬ ‫مجموعة‬ ‫خالل‬ ‫من‬ ‫األسهم‬ ‫أسعار‬ ‫وزخم‬ ‫اتجاه‬
‫مكونة‬
‫سالسل‬ ‫ثالثة‬ ‫من‬
‫اإلغالق‬ ‫أسعار‬ ‫بيانات‬ ‫من‬ ‫محسوبة‬ ‫زمنية‬
.‫التاريخية‬
( ‫النسبية‬ ‫القوة‬ ‫مؤشر‬
RSI
:)
‫وهو‬
‫ذروة‬ ‫لتحديد‬ ‫منه‬ ‫محاولة‬ ‫معينة‬ ‫فترة‬ ‫خالل‬ ‫السهم‬ ‫سعر‬ ‫تحرك‬ ‫قوة‬ ‫يقارن‬ ‫فني‬ ‫مؤشر‬
‫ال‬ ‫يتذبذب‬ .‫المتداولين‬ ‫قبل‬ ‫من‬ ‫البيع‬ ‫أو‬ ‫الشراء‬
‫بين‬ ‫مؤشر‬
‫ال‬
0
‫وال‬
100
‫و‬ .‫درجة‬
‫عام‬ ‫بشكل‬
،
‫ال‬ ‫فوق‬ ‫قراءات‬ ‫الى‬ ‫المؤشر‬ ‫وصول‬ ‫يعتبر‬
70
‫ال‬ ‫وتحت‬ ‫الشراء‬ ‫ذروة‬ ‫مناطق‬ ‫الى‬ ‫وصل‬ ‫قد‬ ‫السعر‬ ‫بأن‬ ‫درجة‬
30
‫ذروة‬ ‫لمستويات‬ ‫درجة‬
.‫البيع‬
:‫األسعار‬ ‫شكل‬ / ‫نمط‬
‫وهو‬
‫الرأ‬ ‫(مثل‬ ‫مختلفة‬ ‫أشكال‬ ‫في‬ ‫السعرية‬ ‫األنماط‬ ‫هذه‬ ‫وتأتي‬ .‫الفني‬ ‫التحليل‬ ‫وسط‬ ‫في‬ ‫تداولها‬ ‫يتم‬ ‫معينة‬ ‫أشكال‬ ‫حسب‬ ‫السهم‬ ‫سعر‬ ‫لحركة‬ ‫استقراء‬
‫والكتف‬ ‫س‬
‫ين‬
‫و‬ .)‫الخ‬ ،‫واألعالم‬ ،‫والمثلثات‬
‫وغيره‬ ‫والخروج‬ ‫الدخول‬ ‫ونقاط‬ ‫انعكاسها‬ ‫أو‬ ‫السهم‬ ‫لحركة‬ ‫المحتملة‬ ‫االتجاهات‬ ‫لتحديد‬ ‫األشكال‬ ‫تستخدم‬
.‫االستخدامات‬ ‫من‬ ‫ا‬
:‫فيبوناتشي‬ ‫انسحابات‬
‫لعا‬ ‫االنسحابات‬ ‫هذه‬ ‫نسبت‬
‫فيبوناتشي‬ ‫ليوناردو‬ ‫الرياضيات‬ ‫لم‬
،
‫و‬
‫على‬ ‫السهم‬ ‫لسعر‬ ‫المقاومة‬ ‫أو‬ ‫للدعم‬ ‫المتوقعة‬ ‫المناطق‬ ‫إلى‬ ‫تشير‬ ‫التي‬ ‫األفقية‬ ‫الخطوط‬ ‫هي‬
‫االنسحاب‬ ‫مستويات‬ ‫كأهم‬ ‫للسهم‬ ‫التالية‬ ‫المستويات‬ ‫تستخدم‬ .‫السابقة‬ ‫األسعار‬ ‫حركة‬ ‫أساس‬
‫وهي‬ ‫السهم‬ ‫لذلك‬ ‫السابقة‬ ‫للحركة‬ ‫المحتملة‬ ‫ات‬
23.6
,%
38.2
,%
50.0
,%
61.8
%
‫ال‬ ‫ومستوى‬
100.0
.‫السابقة‬ ‫الحركة‬ ‫أجزاء‬ ‫من‬ %
‫و‬ ‫فيبوناتشي‬ ‫محور‬
:‫البينية‬ ‫والمقاومة‬ ‫الدعم‬ ‫مستويات‬
‫مع‬ ‫اإلغالق‬ ‫سعر‬ ‫من‬ ‫معينة‬ ‫حسابات‬ ‫المحور‬ ‫لهذا‬ .‫أعاله‬ ‫المذكورة‬ ‫لالنسحابات‬ ‫تماما‬ ‫مختلف‬ ‫وهذا‬
‫سعر‬ ‫أعلى‬
‫و‬
‫سعر‬ ‫أقل‬
‫ا‬ ‫لليوم‬
‫و‬ ‫دعم‬ ‫مستويات‬ ‫منها‬ ‫يستخلص‬ ‫لسابق‬
.‫اليومي‬ ‫للتداول‬ ‫متوقعة‬ ‫بينية‬ ‫مقاومة‬
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.

5. 5
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.
Contacts

6. 6
Ahmed El-Khudary
Head of Trading
Tel: (+974) 4476 6533
ahmed.elkhudary@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.)
(“QNB”). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views
and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax,
accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or 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 views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the
views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS.