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Daily Technical Trader – Qatar
Sunday, 26 July 2015
Stocks Covered Today
Ticker Price 1
st
Target
CBQK 54.90 54.00
GISS 73.20 72.00
QSE Index
Level % Ch. Vol. (mn)
Last 11,944.62 0.3 1.7
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,000 12,150 12,200
Support 11,900 11,800 11,700
QSE Index Commentary
Overview:
The Index gained some marginal grounds
with low volumes last Thursday. Low
traded volumes are expected to stay
below average and the Index could dip
further. The MACD indicator, on both time
frames, is below its zero line, and that is a
sign of expected weakness.
Expected Resistance Level: 12,000
Expected Support Level: 11,900
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 23 Jul 22 Jul %Ch.
Value Traded (QR mn) 175.4 126.7 38.4
Ex. Mkt. Cap. (QR bn) 633.9 631.4 0.4
Volume (mn) 3.6 2.7 34.1
Number of Trans. 3,297 2,234 47.6
Companies Traded 40 39 2.6
Market Breadth 25:11 9:25 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,566.20 0.3 47.0
All Share Index 3,200.00 0.4 47.9
Banks 3,138.36 0.5 46.6
Industrials 3,804.24 0.3 39.9
Transportation 2,465.49 0.7 54.7
Real Estate 2,761.56 0.4 53.4
Insurance 4,880.39 -0.5 62.9
Telecoms 1,137.92 -0.6 36.2
Consumer 7,518.79 0.8 66.5
Al Rayan Islamic 4,678.00 0.6 53.7
RSI 14 (Over Bought)
Ticker Close 1D% RSI
MERS 273.10 4.6 73.4
RSI 14 (Over Sold)
Ticker Close 1D% RSI
GISS 73.20 -1.3 25.7
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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CBQK
Price % Ch. Volume
Last 54.90 -0.36 271,583
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 55.50 56.50 56.80
Support 54.80 54.00 53.60
Commentary
Overview:
The price tried to break above the
100SMA resistance level but retreated
below, proving the strength of selling
forces there. The MACD is turning down
on the daily and it is already below the
zero on the hourly. Unless the name
breaks above QR55.50, weakness might
continue further.
Expected Price Retreat: QR54.00 –
QR53.60
A price breach below QR54.80 triggers
the sell recommendation.
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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GISS
Price % Ch. Volume
Last 73.20 -1.35 285,454
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 74.00 76.00 78.00
Support 73.00 72.00 70.00
Commentary
Overview:
GISS is in a downtrend on both time
frames. As a result, weakness is expected
to continue further, most likely. From a
pure technical perspective, use bounces
to reduce.
Expected Price Retreat: QR72.00 –
QR70.00
A price breach below QR73.00 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 11,944.62 11,841.53 11,882.27 11,907.45 11,948.20 11,988.94 12,014.12 12,054.87 12,097.34 12,013.94 12,366.92
Total Return 18,566.20 18,405.96 18,469.30 18,508.42 18,571.76 18,635.10 18,674.22 18,737.56 18,800.91 18,629.90 18,816.74
All Share 3,200.00 3,171.38 3,181.85 3,188.32 3,198.79 3,209.26 3,215.73 3,226.20 3,232.49 3,206.58 3,227.86
Al Rayan Islamic 4,678.00 4,608.53 4,632.21 4,646.84 4,670.53 4,694.21 4,708.84 4,732.53 4,668.72 4,548.43 4,430.44
Banks & Financials Services
MARK 45.60 44.80 45.12 45.33 45.65 45.97 46.18 46.50 45.86 46.65 47.27
CBQK 54.90 54.63 54.79 54.88 55.03 55.19 55.28 55.43 55.24 56.81 60.16
DHBK 53.60 53.33 53.45 53.52 53.63 53.75 53.82 53.93 53.70 53.16 55.37
QIBK 108.00 105.93 106.81 107.35 108.23 109.11 109.65 110.53 106.65 103.83 104.95
QIIK 78.90 78.77 78.80 78.83 78.87 78.90 78.93 78.97 79.57 80.19 81.79
Insurance
QATI 101.00 99.67 100.05 100.28 100.67 101.05 101.28 101.67 96.94 87.70 83.50
Consumer Goods & Services
MCGS 188.00 188.00 188.00 188.00 188.00 188.00 188.00 188.00 181.13 167.90 147.25
Industrials
IQCD 133.70 131.63 132.63 133.24 134.23 135.23 135.84 136.83 138.28 140.22 156.32
QEWS 224.90 219.77 221.26 222.18 223.67 225.16 226.08 227.57 219.91 207.64 198.42
GISS 73.20 72.27 72.73 73.01 73.47 73.93 74.21 74.67 79.14 84.45 95.02
QIGD 52.50 50.43 51.04 51.42 52.03 52.64 53.02 53.63 53.07 48.29 46.10
Real Estate
BRES 50.90 50.37 50.56 50.68 50.87 51.06 51.18 51.37 51.41 49.66 47.28
UDCD 25.10 24.70 24.81 24.89 25.00 25.11 25.19 25.30 23.97 23.15 24.16
ERES 18.09 17.82 17.92 17.98 18.08 18.18 18.24 18.34 18.27 17.23 17.06
MRDS 18.62 18.15 18.30 18.39 18.54 18.69 18.78 18.93 18.82 18.48 19.22
Telecommunication
ORDS 82.70 81.50 82.19 82.61 83.30 83.99 84.41 85.10 89.43 96.26 107.50
VFQS 16.40 16.11 16.21 16.27 16.38 16.48 16.54 16.65 16.71 17.11 17.33
Transportation
QGTS 22.30 22.09 22.18 22.23 22.31 22.40 22.45 22.53 22.36 22.65 23.14
QNNS 98.10 96.70 97.16 97.44 97.90 98.36 98.64 99.10 97.87 99.59 99.19
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 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:
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
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