The Index moved up on Thursday but it is still facing the 100SMA just above the 6,400 levels. We may find some resistance there but the short-term trend remains up.

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Daily Technical Trader – KSA
Sunday, 20 March 2016
Stock Covered Today
Ticker Price (SAR) 1
st
Target
THIMAR 34.54 36.00
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,394.67 1.41 310.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,420 6,700 7,000
Support 6,260 6,170 6,100
TASI All Share Index Commentary
Overview:
The Index moved up on Thursday but it is
still facing the 100SMA just above the
6,400 levels. We may find some resistance
there but the short-term trend remains
up.
Expected Resistance Level: 6,420
Expected Support Level: 6,260
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 17 Mar 16 Mar %Ch.
Value (SAR bn) 6.4 5.0 28.1
Mkt. Cap. (SAR bn) 1,473.2 1,453.7 1.3
Volume (mn) 347.6 281.4 23.5
Transactions 137,171 119,896 14.4
Companies Traded 167 167 0.0
Market Breadth 127:37 139:25 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 14,431.95 1.82 56.13
Petrochem 4,144.21 2.04 62.42
Cement 4,471.83 -0.05 59.93
Retail 10,054.65 1.50 50.82
Energy and Utilities 5,872.55 0.90 71.54
Agriculture and Food 7,871.40 1.55 57.33
Telecom 1,629.67 1.63 79.04
Insurance 1,132.38 0.54 62.21
Multi-Investment 2,827.86 0.22 63.54
Industrial Invest. 5,738.38 0.94 54.89
Building and Const. 1,965.88 1.70 59.58
RE Development 5,904.02 0.41 75.73
Transportation 6,850.16 1.65 66.68
Media & Publishing 2,991.87 -0.84 57.91
Hotel and Tourism 9,645.90 1.29 43.08
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
JABAL OMAR DEVEL 59.25 0.5 85.0
MOBILE TELECOM 7.95 9.5 81.7
ETIHAD ETISALAT 28.56 3.5 78.0
SAUDI TELECOM CO 69.00 -0.4 74.0
RABIGH REFINING 11.30 0.8 70.6
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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THIMAR
Price (SAR) % Ch. Volume
Last 34.54 1.32 1,639,002
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 35.05 36.00 38.40
Support 34.40 32.00 30.50
Commentary
Overview:
We sent out a sell recommendation on the
name on the 28
th
of February. It reached
our first target at QR34.20. Now the name
is going in a range. And a break above
that range could tilt the momentum into a
positive one.
Expected Price Target: SAR36.00 –
SAR38.40
A price breakaway above SAR35.05
triggers the buy recommendation.
Suggested Stop-Loss Price: SAR34.40
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Sup/Res Levels for the Most Active in Traded Value 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
ADVANCED PETROCH 41.31 40.10 40.60 40.91 41.40 41.90 42.21 42.70 36.52 40.22 45.56
AL ALAMIYA COOPE 31.12 30.44 30.71 30.87 31.14 31.41 31.57 31.84 32.59 45.83 51.84
AL RAJHI BANK 53.66 52.72 53.01 53.18 53.47 53.76 53.93 54.22 51.00 50.90 55.30
AL TAYYAR TRAVEL 36.67 35.89 36.20 36.38 36.69 37.00 37.18 37.49 41.66 55.09 71.97
ALANDALUS PROPER 24.00 23.37 23.71 23.92 24.27 24.61 24.82 25.17 N/A N/A N/A
ALINMA BANK 13.51 13.30 13.40 13.46 13.55 13.65 13.71 13.80 13.11 13.74 17.02
ALINMA TOKIO MAR 22.13 21.71 21.90 22.02 22.21 22.40 22.52 22.71 18.69 20.30 21.63
ASH-SHARQIYAH DE 42.40 41.73 42.08 42.29 42.63 42.98 43.19 43.53 38.30 48.13 58.96
BANK AL-JAZIRA 13.85 13.65 13.75 13.80 13.90 14.00 14.05 14.15 12.80 14.81 19.69
BUPA ARABIA 112.04 108.85 110.09 110.86 112.10 113.34 114.11 115.35 108.78 108.72 116.38
CO FOR COOPERATI 75.81 75.10 75.39 75.57 75.85 76.14 76.32 76.60 70.72 73.87 82.97
DAR AL ARKAN REA 4.97 4.89 4.93 4.95 4.99 5.03 5.05 5.09 4.92 5.55 6.72
EMAAR ECONOMIC C 13.35 12.85 13.12 13.28 13.55 13.82 13.98 14.25 12.64 11.74 12.28
ETIHAD ETISALAT 28.56 26.99 27.52 27.85 28.39 28.92 29.25 29.79 23.62 26.31 28.25
JABAL OMAR DEVEL 59.25 58.08 58.56 58.86 59.33 59.81 60.11 60.58 48.83 52.46 60.43
KNOWLEDGE ECON 13.02 12.74 12.84 12.89 12.99 13.09 13.14 13.24 11.51 13.38 17.70
MALATH INSURANCE 15.73 15.28 15.45 15.55 15.73 15.90 16.00 16.18 14.39 17.67 22.86
MEDITERRANEAN & 21.98 20.99 21.53 21.86 22.39 22.93 23.26 23.79 18.46 22.05 28.50
MOBILE TELECOMMU 7.95 7.15 7.38 7.52 7.75 7.98 8.12 8.35 6.33 7.52 9.02
NATIONAL COMM 41.93 40.78 41.12 41.33 41.68 42.02 42.23 42.58 40.32 45.97 52.76
NATIONAL SHIPPIN 41.17 40.32 40.63 40.82 41.12 41.43 41.62 41.92 37.53 41.41 43.03
RABIGH REFINING 11.30 11.10 11.20 11.25 11.35 11.45 11.50 11.60 9.43 11.47 15.54
SABB TAKAFUL 26.45 25.95 26.22 26.38 26.65 26.92 27.08 27.35 23.36 29.38 35.79
SABIC 77.42 76.31 76.78 77.08 77.56 78.03 78.33 78.81 69.70 76.51 83.38
SAPTCO 12.87 12.59 12.70 12.78 12.89 13.00 13.08 13.19 11.16 14.89 19.09
SASCO 17.80 17.30 17.51 17.64 17.85 18.06 18.19 18.40 15.32 19.34 23.01
SAUDI ARABIAN MI 30.91 30.30 30.53 30.67 30.90 31.13 31.27 31.50 30.24 31.86 34.06
SAUDI CERAMIC CO 37.74 37.31 37.47 37.56 37.71 37.87 37.96 38.11 37.14 44.08 57.12
SAUDI GROUND SER 44.30 43.70 43.93 44.07 44.30 44.53 44.67 44.90 40.65 45.42 N/A
SAUDI KAYAN PETR 5.24 5.08 5.14 5.17 5.23 5.29 5.32 5.38 5.03 6.42 8.13
SAUDI PAPER MANU 15.19 14.66 14.95 15.13 15.41 15.70 15.88 16.16 13.25 16.00 18.18
SAUDI PRINTING & 22.57 21.69 22.17 22.46 22.94 23.42 23.71 24.19 20.14 22.04 19.36
SAUDI RESEARCH A 43.15 41.52 42.32 42.81 43.62 44.42 44.91 45.72 42.50 41.91 28.77
SAUDI TELECOM CO 69.00 68.67 68.86 68.98 69.17 69.36 69.48 69.67 64.16 64.86 65.16
SAUDI TRANSPORT 52.25 50.92 51.49 51.84 52.42 52.99 53.34 53.92 52.44 57.86 61.31
SHAMS 38.55 37.92 38.22 38.41 38.72 39.02 39.21 39.52 35.58 36.06 38.63
THIMAR 34.54 33.98 34.25 34.41 34.68 34.95 35.11 35.38 32.60 35.99 48.02
TIHAMA 38.95 37.38 38.19 38.68 39.48 40.29 40.78 41.58 31.25 30.87 49.68
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 Intraday 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
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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