The document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) market. It summarizes key market indicators such as trading volumes and company information. It also analyzes index levels, company stock prices and charts technical indicators to identify resistance and support levels. The analysis is used to provide trading recommendations and predict price movement direction for various stocks and indexes on the QSE.

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Daily Technical Trader – Qatar
Monday, 13 February 2017
Today’s Coverage
Ticker Price Target
AHCS 15.30 15.70
QSE Index
Level % Ch. Vol. (mn)
Last 10,663.49 0.32 4.7
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 Index maintained its uptick and we
remain positive on the expected
movement in the shorter term.
Expected Resistance Level: 10,680
Expected Support Level: 10,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 12 Feb 09 Feb %Ch.
Value Traded (QR mn) 186.4 260.2 -28.3
Ex. Mkt. Cap. (QR bn) 571.7 569.0 0.5
Volume (mn) 5.8 8.2 -29.5
Number of Trans. 2,750 3,815 -27.9
Companies Traded 39 40 -2.5
Market Breadth 24:14 19:20 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 17,309.91 0.3 51.8
All Share Index 2,933.02 0.3 51.5
Banks 3,009.89 0.3 54.3
Industrials 3,269.48 0.2 39.9
Transportation 2,612.45 0.9 63.8
Real Estate 2,322.85 -0.2 50.5
Insurance 4,351.23 0.1 43.3
Telecoms 1,261.41 2.2 58.9
Consumer Goods 6,236.30 0.0 57.2
Al Rayan Islamic 4,023.36 0.1 56.2
RSI 14 (Overbought)
Ticker Close 1D% RSI
QISI 58.10 0.5 76.9
BRES 38.50 0.3 72.9
RSI 14 (Oversold)
Ticker Close 1D% RSI
GISS 27.65 2.4 27.1
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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AAMAL CO. (AAMAL)
Price % Ch. Volume
Last 15.30 -0.33 340,267
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 15.36 15.70 16.00
Support 15.00 14.78 14.50
Commentary
Overview:
The price broke above a major long-term
downtrend line (see daily chart) and
created a bullish formation that needs to
be confirmed. This could be a precursor of
a stronger bullish movement.
Expected Target Price: QR15.70 – QR16.00
A price breakout above QR15.36 triggers
the buy recommendation.
Suggested Stop-Loss Price: QR14.78
(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 10,663.49 10,594.62 10,617.84 10,632.18 10,655.41 10,678.63 10,692.97 10,716.20 10,540.65 10,345.31 10,318.20
Total Return 17,309.91 17,198.10 17,235.80 17,259.09 17,296.79 17,334.49 17,357.78 17,395.48 17,058.63 16,740.30 16,695.30
All Share 2,933.02 2,915.97 2,921.58 2,925.05 2,930.65 2,936.26 2,939.73 2,945.33 2,893.55 2,847.25 2,851.51
Al Rayan Islamic 4,023.36 3,996.19 4,005.00 4,010.44 4,019.25 4,028.06 4,033.50 4,042.31 3,928.15 3,850.17 3,908.04
Banks & Financials Services
MARK 41.30 40.33 40.70 40.92 41.28 41.65 41.87 42.23 38.59 36.54 35.83
CBQK 31.90 31.07 31.45 31.68 32.07 32.45 32.68 33.07 32.47 33.76 35.52
DHBK 38.20 37.67 37.84 37.94 38.12 38.29 38.39 38.57 35.91 35.92 36.27
QIBK 109.20 107.53 108.07 108.40 108.93 109.47 109.80 110.33 105.08 103.98 102.91
QIIK 67.90 67.63 67.75 67.82 67.93 68.05 68.12 68.23 64.75 63.87 63.60
Insurance
QATI 84.50 84.10 84.21 84.29 84.40 84.51 84.59 84.70 85.98 85.88 82.58
Consumer Goods & Services
MCGS 65.90 63.97 64.54 64.89 65.47 66.04 66.39 66.97 65.35 69.45 82.40
Industrials
IQCD 114.70 113.10 113.60 113.90 114.40 114.90 115.20 115.70 116.03 110.23 107.04
QEWS 222.20 218.73 220.72 221.95 223.93 225.92 227.15 229.13 228.04 219.42 216.39
GISS 27.65 26.68 26.99 27.18 27.48 27.79 27.98 28.28 30.87 31.52 33.91
QIGD 54.00 53.00 53.57 53.93 54.50 55.07 55.43 56.00 57.15 55.22 52.76
Real Estate
BRES 38.50 38.03 38.19 38.28 38.43 38.59 38.68 38.83 34.07 33.06 33.53
UDCD 21.00 20.66 20.85 20.98 21.17 21.36 21.49 21.68 21.16 20.29 19.90
ERES 15.11 15.02 15.07 15.10 15.16 15.21 15.24 15.30 15.53 15.84 17.13
MRDS 14.36 14.13 14.22 14.28 14.36 14.45 14.51 14.59 14.25 13.60 13.78
Telecommunication
ORDS 108.00 105.33 106.10 106.57 107.33 108.10 108.57 109.33 102.96 98.89 95.67
VFQS 9.10 8.95 9.03 9.08 9.16 9.24 9.29 9.37 9.47 9.90 10.58
Transportation
QGTS 24.15 24.08 24.11 24.13 24.16 24.19 24.21 24.24 23.64 23.35 23.50
QNNS 96.00 93.80 94.45 94.85 95.50 96.15 96.55 97.20 92.82 89.83 89.24
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
Mohamed Abo Daff Sahbi Kasraoui Youssef Elboghdady
Senior Research Analyst Acting Head of Trading Head of Institutional Sales & Trading
Tel: (+974) 4476 6589 Tel: (+974) 4476 6544 Tel: (+974) 4476 6542
Mohd.abodaff@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974) 4476 6666
PO Box 24025
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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