Qatar stock exchange

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Daily Technical Trader – Qatar
Wednesday, 09 December 2015
Stock Covered Today
Ticker Price 1
st
Target
ORDS 71.50 75.00
QSE Index
Level % Ch. Vol. (mn)
Last 10,096.51 -3.09 4.8
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,300 10,500 10,800
Support 10,000 9,900 9,780
QSE Index Commentary
Overview:
In the previous session, the QSE Index
broke below the 10,300 level and plunged
reaching close to the 10,000 support level.
It is highly important not to sustain a break
below the 10,000 level; it serves as a
psychological support and happened to be
positioned at the lower edge of the
downtrend channel. Otherwise, the Index
might continue its spiral downwards.
Expected Resistance Level: 10,300
Expected Support Level: 10,000
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 08 Dec 07 Dec %Ch.
Value Traded (QR mn) 380.5 235.1 61.9
Ex. Mkt. Cap. (QR bn) 531.6 548.8 -3.1
Volume (mn) 8.8 5.0 74.5
Number of Trans. 5,178 3,265 58.6
Companies Traded 40 39 2.6
Market Breadth 6:30 11:25 –
QE Indices
Market Indices Close 1D% RSI
Total Return 15,693.58 -3.1 27.9
All Share Index 2,692.15 -3.0 26.8
Banks 2,704.42 -3.9 28.1
Industrials 3,038.03 -2.8 33.4
Transportation 2,468.31 0.9 41.4
Real Estate 2,258.28 -3.2 27.5
Insurance 4,136.54 -4.5 38.9
Telecoms 917.44 -2.4 40.6
Consumer 5,991.32 -0.4 16.1
Al Rayan Islamic 3,740.15 -2.9 23.3
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
MCGS 124.00 0.7 14.7
VFQS 11.01 -3.4 15.1
QCFS 38.00 0.0 17.7
MPHC 18.11 -3.3 17.8
ZHCD 84.00 0.0 18.1
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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ORDS
Price % Ch. Volume
Last 71.50 -2.05 179,270
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 72.80 75.00 76.00
Support 70.00 66.00 60.00
Commentary
Overview:
The name has been trading inside a major
downtrend channel; risk takers can play a
short-term trade. The last two daily
candlesticks had longer lower-shadows.
That means buyers were trying to buy into
the price dips. As always the case, we
need to wait for the trigger to take place
before we can take positions because,
after all, we are trying to take a ride
against the tide.
Expected Price: QR75.00 – QR76.00
A price breakaway above QR72.80
triggers the buy recommendation.
Suggested Stop-Loss Price: QR70.00
(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 10,096.51 9,786.86 9,930.02 10,018.46 10,161.61 10,304.77 10,393.21 10,536.36 11,207.62 11,394.64 11,720.19
Total Return 15,693.58 15,212.28 15,434.79 15,572.26 15,794.77 16,017.28 16,154.75 16,377.26 17,420.64 17,711.34 18,179.55
All Share 2,692.15 2,618.23 2,653.65 2,675.54 2,710.96 2,746.38 2,768.27 2,803.69 2,983.99 3,037.18 3,123.63
Al Rayan Islamic 3,740.15 3,638.94 3,686.71 3,716.22 3,763.99 3,811.76 3,841.27 3,889.04 4,230.46 4,348.33 4,441.97
Banks & Financials Services
MARK 36.15 34.92 35.49 35.84 36.42 36.99 37.34 37.92 41.35 42.48 44.64
CBQK 45.50 43.30 44.06 44.54 45.30 46.06 46.54 47.30 52.29 54.09 55.66
DHBK 45.50 43.10 43.79 44.21 44.90 45.59 46.01 46.70 48.44 50.16 51.82
QIBK 112.00 100.13 104.37 106.99 111.23 115.47 118.09 122.33 117.38 114.26 108.94
QIIK 65.50 63.37 64.44 65.10 66.17 67.24 67.90 68.97 73.16 74.83 77.77
Insurance
QATI 85.90 81.63 82.97 83.80 85.13 86.47 87.30 88.63 91.45 94.46 90.53
Consumer Goods & Services
MCGS 124.00 112.93 116.10 118.06 121.23 124.40 126.36 129.53 154.12 163.31 164.65
Industrials
IQCD 104.00 101.87 103.09 103.84 105.07 106.29 107.04 108.27 117.07 124.18 132.76
QEWS 209.00 201.93 203.96 205.21 207.23 209.26 210.51 212.53 210.52 212.89 209.31
GISS 52.10 50.23 51.04 51.53 52.33 53.14 53.63 54.43 60.98 62.97 74.30
QIGD 38.00 36.33 36.91 37.26 37.83 38.41 38.76 39.33 43.64 45.92 46.88
Real Estate
BRES 41.00 39.37 39.84 40.14 40.62 41.09 41.39 41.87 43.46 44.72 47.14
UDCD 20.00 19.61 19.80 19.91 20.09 20.28 20.39 20.57 23.29 23.77 23.44
ERES 15.00 14.48 14.78 14.96 15.26 15.56 15.74 16.04 18.31 18.18 17.65
MRDS 14.60 14.19 14.35 14.45 14.60 14.76 14.86 15.01 15.98 16.44 17.46
Telecommunication
ORDS 71.50 69.30 70.10 70.60 71.40 72.20 72.70 73.50 75.05 75.33 86.69
VFQS 11.01 10.85 10.94 10.99 11.08 11.17 11.22 11.31 13.50 14.05 15.62
Transportation
QGTS 23.49 21.64 22.17 22.50 23.03 23.56 23.89 24.42 24.12 23.07 22.92
QNNS 97.60 96.13 96.55 96.81 97.23 97.65 97.91 98.33 97.75 97.60 98.79
Sources: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock close 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 6535
zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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