Qatar stock exchange

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Daily Technical Trader – Qatar
Tuesday, 28 April 2015
Stocks Covered Today
Ticker Price 1
st
Target
IQCD 145.40 152.00
ORDS 99.00 97.00
QSE Index
Level % Ch. Vol. (mn)
Last 12,192.21 1.3 4.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,200 12,400 12,600
Support 12,100 12,000 11,960
QSE Index Commentary
Overview:
The QSE Index gained more ground as
expected; corrections and pullbacks at this
point may be used to build more positions.
Technical indicators show upward
continuation is probable over the short
term.
Expected Resistance Level: 12,200
Expected Support Level: 12,000
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 27 Apr 15 26 Apr 15 %Ch.
Value Traded (QR mn) 719.9 205.7 250.0
Ex. Mkt. Cap. (QR bn) 654.2 646.2 1.2
Volume (mn) 18.3 6.9 164.8
Number of Trans. 7,620 3,502 117.6
Companies Traded 41 38 7.9
Market Breadth 33:6 16:20 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,947.33 1.3 65.0
All Share Index 3,255.85 1.2 65.2
Banks 3,253.40 1.4 61.4
Industrials 4,032.04 0.9 62.5
Transportation 2,484.72 1.2 62.2
Real Estate 2,646.97 1.6 72.1
Insurance 4,124.11 1.3 53.5
Telecoms 1,310.54 -0.4 39.7
Consumer 7,348.40 1.6 68.4
Al Rayan Islamic 4,641.72 1.5 74.3
RSI 14 (Over Bought)
Ticker Close 1D% RSI
QEWS 212.40 3.5 81.2
MCGS 171.60 2.1 78.0
QIGD 48.45 0.7 74.8
GWCS 71.80 4.4 74.6
MERS 238.00 4.8 74.4
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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IQCD
Price % Ch. Volume
Last 145.40 0.28 164,729
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 147.00 152.00 154.50
Support 142.00 140.00 136.00
Commentary
Overview:
IQCD created a trading range, topping just
around the QR147.00 level. The name
could retreat back to the QR140.00 which
is the base of the range. On the other
hand, if the name breaches the QR147.00
top, then most likely, it could continue for
another round of gains.
Expected Target Price: QR152.00 –
QR154.50
A breach above QR147.00 with higher
volume is needed to trigger the buy
position.
Suggested Stop-Loss Price: QR142.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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ORDS
Price % Ch. Volume
Last 99.00 -1.10 108,325
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 100.00 101.00 102.00
Support 99.00 97.00 95.00
Commentary
Overview:
ORDS is in a clear downtrend. The MACD
is below the zero line and turning south as
indicated by the Histogram on the daily
and the hourly time frames. Name is still
trading below its SMAs; selling pressure
may persist. As a result, the mentioned
downtrend may continue further.
Expected Price Retreat: QR97.00 –
QR95.00
A break below QR99.00 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 12,192.21 11,990.88 12,050.97 12,088.09 12,148.19 12,208.28 12,245.40 12,305.50 11,987.67 12,058.22 12,777.23
Total Return 18,947.33 18,634.44 18,727.83 18,785.53 18,878.91 18,972.30 19,030.00 19,123.38 18,433.62 18,272.45 19,200.98
All Share 3,255.85 3,202.10 3,217.94 3,227.73 3,243.56 3,259.40 3,269.19 3,285.02 3,178.05 3,144.36 3,279.10
Al Rayan Islamic 4,641.72 4,539.11 4,569.65 4,588.52 4,619.07 4,649.61 4,668.48 4,699.03 4,379.64 4,241.09 4,403.70
Banks & Financials Services
MARK 49.30 48.13 48.53 48.78 49.18 49.58 49.83 50.23 47.42 46.37 49.93
CBQK 56.60 55.73 56.12 56.35 56.73 57.12 57.35 57.73 59.58 60.58 62.53
DHBK 54.50 53.03 53.53 53.84 54.33 54.83 55.14 55.63 53.30 54.92 57.11
QIBK 102.30 101.37 101.67 101.86 102.17 102.47 102.66 102.97 101.42 102.16 106.63
QIIK 81.00 80.20 80.43 80.57 80.80 81.03 81.17 81.40 82.21 81.42 84.14
Insurance
QATI 78.90 76.37 77.09 77.54 78.27 78.99 79.44 80.17 78.53 76.66 79.71
Consumer Goods & Services
MCGS 171.60 164.13 166.27 167.59 169.73 171.87 173.19 175.33 150.17 135.55 128.94
Industrials
IQCD 145.40 144.20 144.85 145.25 145.90 146.55 146.95 147.60 143.25 152.50 169.63
QEWS 212.40 203.73 206.67 208.49 211.43 214.37 216.19 219.13 191.32 190.22 188.82
GISS 87.10 85.50 86.00 86.30 86.80 87.30 87.60 88.10 91.81 94.34 106.15
QIGD 48.45 46.52 47.17 47.57 48.22 48.87 49.27 49.92 42.44 41.02 47.65
Real Estate
BRES 51.00 49.07 49.62 49.96 50.52 51.07 51.41 51.97 47.64 45.74 44.27
UDCD 22.51 21.66 21.95 22.13 22.43 22.72 22.90 23.20 22.50 23.21 25.58
ERES 17.17 16.94 17.03 17.09 17.17 17.26 17.32 17.40 16.14 15.68 17.80
MRDS 18.90 18.84 18.86 18.87 18.89 18.91 18.92 18.94 19.26 19.47 20.81
Telecommunication
ORDS 99.00 98.20 98.66 98.94 99.40 99.86 100.14 100.60 106.09 111.19 119.29
VFQS 17.40 16.90 17.08 17.18 17.36 17.54 17.64 17.82 17.58 16.75 18.46
Transportation
QGTS 22.75 22.38 22.51 22.59 22.72 22.85 22.93 23.06 23.31 23.23 23.67
QNNS 99.50 98.37 98.98 99.36 99.97 100.58 100.96 101.57 102.13 99.89 98.25
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:
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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