The document provides a daily market report and analysis for Qatar stocks. It summarizes the performance of the QSE Index and various sectors, noting a 1.4% decline in the index accompanied by higher trading volumes. It also analyzes specific stocks like MRDS, noting a bearish double top pattern and recommending a price retreat. Technical indicators like support and resistance levels, moving averages and RSI readings are provided for various stocks and indexes.

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Daily Technical Trader – Qatar
Wednesday, 01 February 2017
Today’s Coverage
Ticker Price Target
MRDS 14.42 14.00
QSE Index
Level % Ch. Vol. (mn)
Last 10,597.22 -1.40 5.8
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,680 10,900 11,000
Support 10,500 10,400 10,300
QSE Index Commentary
Overview:
The dip continued on the Index and was
accompanied by higher traded volumes,
which is a sign for concern. That been
said, the Index is reaching the 10,500
support and we should be alert for
reversal signs.
Expected Resistance Level: 10,680
Expected Support Level: 10,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 31 Jan 30 Jan %Ch.
Value Traded (QR mn) 247.2 183.3 34.9
Ex. Mkt. Cap. (QR bn) 568.6 577.0 -1.5
Volume (mn) 8.7 6.2 40.6
Number of Trans. 3,535 3,139 12.6
Companies Traded 41 40 2.5
Market Breadth 6:34 7:25 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 17,145.60 -1.4 52.1
All Share Index 2,908.80 -1.3 52.7
Banks 2,960.57 -1.7 54.3
Industrials 3,300.96 -1.7 50.7
Transportation 2,576.40 -0.6 62.4
Real Estate 2,283.79 -1.5 47.6
Insurance 4,382.21 0.9 36.9
Telecoms 1,238.26 -1.1 54.9
Consumer Goods 6,274.13 -1.0 76.1
Al Rayan Islamic 3,978.23 -1.1 56.0
RSI 14 (Overbought)
Ticker Close 1D% RSI
QFLS 161.00 -1.1 71.7
QIIK 67.70 -1.0 71.2
RSI 14 (Oversold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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MAZAYA QATAR RE DEV. (MRDS)
Price % Ch. Volume
Last 14.42 -1.03 218,216
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 14.65 15.00 15.30
Support 14.41 14.00 13.60
Commentary
Overview:
The price has created a bearish pattern
called the Double-Top formation on the
intraday chart. That weakness needs to
be confirmed by a drop in price below the
pattern’s neckline.
Expected Price Retreat: QR14.00 –
QR13.60
A price breach below QR14.41 triggers the
sell recommendation.
(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 10,597.22 10,487.46 10,550.35 10,589.21 10,652.10 10,714.99 10,753.85 10,816.74 10,399.19 10,335.84 10,304.82
Total Return 17,145.60 16,968.02 17,069.77 17,132.64 17,234.39 17,336.14 17,399.01 17,500.76 16,825.20 16,722.69 16,672.52
All Share 2,908.80 2,879.50 2,896.29 2,906.66 2,923.45 2,940.24 2,950.61 2,967.40 2,856.33 2,845.48 2,849.55
Al Rayan Islamic 3,978.23 3,941.35 3,962.48 3,975.54 3,996.67 4,017.80 4,030.86 4,051.99 3,861.76 3,847.12 3,910.31
Banks & Financials Services
MARK 40.05 39.55 39.84 40.01 40.30 40.59 40.76 41.05 37.39 36.09 35.58
CBQK 32.70 30.83 31.71 32.25 33.13 34.01 34.55 35.43 32.51 34.18 35.72
DHBK 36.25 35.02 35.63 36.01 36.62 37.23 37.61 38.22 35.32 35.88 36.25
QIBK 106.20 105.00 105.69 106.11 106.80 107.49 107.91 108.60 103.77 103.63 102.61
QIIK 67.70 67.23 67.46 67.60 67.83 68.06 68.20 68.43 63.61 63.58 63.46
Insurance
QATI 85.60 84.73 85.00 85.17 85.43 85.70 85.87 86.13 85.51 86.09 82.52
Consumer Goods & Services
MCGS 64.50 63.37 63.86 64.17 64.67 65.16 65.47 65.97 64.99 71.37 84.35
Industrials
IQCD 114.50 112.43 113.62 114.35 115.53 116.72 117.45 118.63 114.67 109.60 106.76
QEWS 231.10 227.77 229.68 230.86 232.77 234.68 235.86 237.77 225.06 218.29 215.62
GISS 30.00 29.47 29.73 29.90 30.17 30.43 30.60 30.87 31.03 32.09 34.23
QIGD 55.40 54.67 55.09 55.35 55.77 56.19 56.45 56.87 56.98 54.73 52.61
Real Estate
BRES 34.85 34.48 34.67 34.79 34.98 35.17 35.29 35.48 33.05 32.99 33.46
UDCD 22.55 22.15 22.28 22.37 22.50 22.63 22.72 22.85 20.59 20.13 19.78
ERES 15.03 14.68 14.84 14.94 15.09 15.25 15.35 15.50 15.47 16.05 17.28
MRDS 14.42 14.25 14.35 14.40 14.49 14.59 14.64 14.73 13.87 13.56 13.81
Telecommunication
ORDS 105.00 103.67 104.39 104.84 105.57 106.29 106.74 107.47 100.73 98.35 95.10
VFQS 9.40 9.25 9.31 9.35 9.41 9.47 9.51 9.57 9.43 10.04 10.71
Transportation
QGTS 24.01 23.70 23.88 23.99 24.17 24.35 24.46 24.64 23.42 23.30 23.47
QNNS 93.30 92.70 93.01 93.19 93.50 93.81 93.99 94.30 91.52 89.37 89.11
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:
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
Sahbi Kasraoui Youssef Elboghdady QNB Financial Services
Acting Head of Trading Head of Institutional Sales & Trading Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6542 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa Doha, Qatar
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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
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