This document provides a daily technical analysis report on stocks traded on the Qatar stock exchange. It includes commentary on index levels and individual stocks, along with identifying potential support and resistance levels. Key points covered include:
- The QSE index opened lower but recovered most losses, remaining above important moving averages. Resistance is seen at 12,270 with support at 12,150.
- IQCD and MARK stocks are analyzed with potential price targets identified. Technical indicators show positive momentum for further price increases.
- Tables provide closing prices, intraday Fibonacci support/resistance levels, and moving average levels for various stocks and indexes.
QNBFS Daily Technical Trader - Qatar May 03, 2016QNB Group
The QSE Index retreated just below the
10,100 mark; we maintain the current
support level there. The 10,000 level is
more important to sustain. Otherwise, the
index could correct to the 9,800-9,700
levels.
Daily Technical Trader - Qatar March 30, 2016QNB Group
The current bounce kept the Index in the
trading range sustained in the past few
weeks. This is an indecision period could
extend as we are seeing bullish and
bearish forces at a certain equilibrium.
The main support remains at the 10,000
level.
QNBFS Daily Technical Trader - Qatar September 07, 2016QNB Group
The Index corrected further ahead of the
week-long Eid holiday. The volatility
persists and no significant sign of
recovery in sight. We await strong
reversal signal above the 10,500 points.
Only then, we might start buy into the
market.
Daily Technical Trader - Qatar March 23, 2016QNB Group
The QSE Index got closer to the 10,500
and it might actually penetrate it. We
would like to see more traded volumes if
that breach takes place so the Index may
continue higher.
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QNBFS Daily Technical Trader - Qatar May 03, 2016QNB Group
The QSE Index retreated just below the
10,100 mark; we maintain the current
support level there. The 10,000 level is
more important to sustain. Otherwise, the
index could correct to the 9,800-9,700
levels.
Daily Technical Trader - Qatar March 30, 2016QNB Group
The current bounce kept the Index in the
trading range sustained in the past few
weeks. This is an indecision period could
extend as we are seeing bullish and
bearish forces at a certain equilibrium.
The main support remains at the 10,000
level.
QNBFS Daily Technical Trader - Qatar September 07, 2016QNB Group
The Index corrected further ahead of the
week-long Eid holiday. The volatility
persists and no significant sign of
recovery in sight. We await strong
reversal signal above the 10,500 points.
Only then, we might start buy into the
market.
Daily Technical Trader - Qatar March 23, 2016QNB Group
The QSE Index got closer to the 10,500
and it might actually penetrate it. We
would like to see more traded volumes if
that breach takes place so the Index may
continue higher.
final yeAr projects Sbgc ( Chennai, Trichy, India, Tamilnadu)SBGC
final Year Projects, Final Year Projects in Chennai, Software Projects, Embedded Projects, Microcontrollers Projects, DSP Projects, VLSI Projects, Matlab Projects, Java Projects, .NET Projects, IEEE Projects, IEEE 2009 Projects, IEEE 2009 Projects, Software, IEEE 2009 Projects, Embedded, Software IEEE 2009 Projects, Embedded IEEE 2009 Projects, Final Year Project Titles, Final Year Project Reports, Final Year Project Review, Robotics Projects, Mechanical Projects, Electrical Projects, Power Electronics Projects, Power System Projects, Model Projects, Java Projects, J2EE Projects, Engineering Projects, Student Projects, Engineering College Projects, MCA Projects, BE Projects, BTech Projects, ME Projects, MTech Projects, Wireless Networks Projects, Network Security Projects, Networking Projects, final year projects, ieee projects, student projects, college projects, ieee projects in chennai, java projects, software ieee projects, embedded ieee projects, "ieee2009projects&am p;qu ot;, "final year projects", "ieee projects", "Engineering Projects", "Final Year Projects in Chennai", "Final year Projects at Chennai", Java Projects, ASP.NET Projects, VB.NET Projects, C# Projects, Visual C++ Projects, Matlab Projects, NS2 Projects, C Projects, Microcontroller Projects, ATMEL Projects, PIC Projects, ARM Projects, DSP Projects, VLSI Projects, FPGA Projects, CPLD Projects, Power Electronics Projects, Electrical Projects, Robotics Projects, Solor Projects, MEMS Projects, J2EE Projects, J2ME Projects, AJAX Projects, Structs Projects, EJB Projects, Real Time Projects, Live Projects, Student Projects, Engineering Projects, MCA Projects, MBA Projects, College Projects, BE Projects, BTech Projects, ME Projects, MTech Projects, M.Sc Projects, Final Year Java Projects, Final Year ASP.NET Projects, Final Year VB.NET Projects, Final Year C# Projects, Final Year Visual C++ Projects, Final Year Matlab Projects, Final Year NS2 Projects, Final Year C Projects, Final Year Microcontroller Projects, Final Year ATMEL Projects, Final Year PIC Projects, Final Year ARM Projects, Final Year DSP Projects, Final Year VLSI Projects, Final Year FPGA Projects, Final Year CPLD Projects, Final Year Power Electronics Projects, Final Year Electrical Projects, Final Year Robotics Projects, Final Year Solor Projects, Final Year MEMS Projects, Final Year J2EE Projects, Final Year J2ME Projects, Final Year AJAX Projects, Final Year Structs Projects, Final Year EJB Projects, Final Year Real Time Projects, Final Year Live Projects, Final Year Student Projects, Final Year Engineering Projects, Final Year MCA Projects, Final Year MBA Projects, Final Year College Projects, Final Year BE Projects, Final Year BTech Projects, Final Year ME Projects, Final Year MTech Projects, Final Year M.Sc Projects, IEEE Java Projects, ASP.NET Projects, VB.NET Projects, C# Projects, Visual C++ Projects, Matlab Projects, NS2 Projects, C Projects, Microcontroller Projects, ATMEL Projects, PIC Projects, ARM Projects, DSP Projects, VLSI Projects, FPGA Projects, CPLD Projects, Power Electronics Projects, Electrical Projects, Robotics Projects, Solor Projects, MEMS Projects, J2EE Projects, J2ME Projects, AJAX Projects, Structs Projects, EJB Projects, Real Time Projects, Live Projects, Student Projects, Engineering Projects, MCA Projects, MBA Projects, College Projects, BE Projects, BTech Projects, ME Projects, MTech Projects, M.Sc Projects, IEEE 2009 Java Projects, IEEE 2009 ASP.NET Projects, IEEE 2009 VB.NET Projects, IEEE 2009 C# Projects, IEEE 2009 Visual C++ Projects, IEEE 2009 Matlab Projects, IEEE 2009 NS2 Projects, IEEE 2009 C Projects, IEEE 2009 Microcontroller Projects, IEEE 2009 ATMEL Projects, IEEE 2009 PIC Projects, IEEE 2009 ARM Projects, IEEE 2009 DSP Projects, IEEE 2009 VLSI Projects, IEEE 2009 FPGA Projects, IEEE 2009 CPLD Projects, IEEE 2009 Power Electronics Projects, IEEE 2009 Electrical Projects, IEEE 2009 Robotics Projects, IEEE 2009 Solor Projects, IEEE 2009 MEMS Projects, IEEE
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
The QE Index rose 0.3% to close at 10,323.0. Gains were led by the Transportation and Industrials indices, gaining 0.8% each. Top gainers were Qatar Navigation and Al Khaleej Takaful Insurance Co., rising 3.3% and 2.0%, respectively.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
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Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 6
Daily Technical Trader – Qatar
Thursday, 04 June 2015
Stocks Covered Today
Ticker Price 1
st
Target
IQCD 141.50 145.00
MARK 46.20 47.80
QSE Index
Level % Ch. Vol. (mn)
Last 12,182.09 0.0 10.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,270 12,350 12,400
Support 12,150 12,000 11,800
QSE Index Commentary
Overview:
The QSE Index opened down and
continued south, losing 3% from the
previous closing. However, it managed to
gain almost all the losses through the
session. It is bullish to stay above the
50SMA and the 100SMA. On the other
hand, the Index is facing the 12,270 level
as the immediate resistance level.
Expected Resistance Level: 12,270
Expected Support Level: 12,150
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 03 Jun 02 Jun %Ch.
Value Traded (QR mn) 856.1 452.7 89.1
Ex. Mkt. Cap. (QR bn) 649.8 650.9 -0.2
Volume (mn) 20.0 12.2 63.8
Number of Trans. 8,382 6,090 37.6
Companies Traded 43 41 4.9
Market Breadth 16:23 21:17 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,931.60 0.0 48.1
All Share Index 3,251.49 -0.2 47.8
Banks 3,212.08 0.0 48.7
Industrials 3,978.06 0.7 52.8
Transportation 2,486.10 0.3 55.6
Real Estate 2,681.01 -1.8 43.3
Insurance 4,740.20 -0.5 61.3
Telecoms 1,248.71 -0.7 42.3
Consumer 7,314.81 -0.6 49.6
Al Rayan Islamic 4,658.66 -0.4 51.0
RSI 14 (Over Bought)
Ticker Close 1D% RSI
QEWS 224.50 0.4 74.8
KCBK 22.54 0.7 74.6
MCGS 179.90 0.5 70.3
RSI 14 (Over Sold)
Ticker Close 1D% RSI
ABQK 42.40 -8.8 17.1
MPHC 24.89 -1.2 26.8
QSE Index (30min)
Source: Bloomberg, QNBFS Research
2. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 2 of 6
IQCD
Price % Ch. Volume
Last 141.50 0.50 173,555
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 141.50 143.00 145.00
Support 138.30 137.00 134.00
Commentary
Overview:
IQCD moved up in the past four sessions
and might continue further north. The
MACD is turning up on the daily chart and
the hourly charts. In addition, price broke
away from the short-term downtrend
channel. Resistance is expected on the
way up, caused by the 100SMA and the
200SMA.
Expected Target Price: QR145.00
A break above QR141.50 triggers the buy
recommendation.
Suggested Stop-Loss Price: QR138.30
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research
3. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 3 of 6
MARK
Price % Ch. Volume
Last 46.20 0.22 1,471,147
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 46.50 47.80 49.00
Support 45.80 45.00 44.50
Commentary
Overview:
The name stabilized again above the
QR45.00 support level, but it is still below
the short-term downtrend line (seen on the
hourly chart). Breaking that line creates, in
tandem, a Double Bottom reversal price
formation. That is expected to have
positive effects on the price and could
boost bullish momentum on the name.
Expected Target Price: QR47.80 –
QR49.00
A break above QR46.50 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR45.80
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research
5. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 5 of 6
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.
6. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 6 of 6
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
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“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.