The document provides a daily technical analysis report on stocks traded on the Qatar stock exchange. It analyzes the performance of the QSE Index and individual stocks such as UDCD and SIIS. For the index and stocks, it examines price movements, volume, support and resistance levels, and short-term price targets based on technical indicators. It also includes a market summary covering trading activity and performance of sector indices.

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Daily Technical Trader – Qatar
Monday, 15 February 2016
Stocks Covered Today
Ticker Price Target
UDCD 19.81 20.70
SIIS 10.52 11.20
QSE Index
Level % Ch. Vol. (mn)
Last 9,600.97 1.21 7.2
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 9,600 9,800 10,000
Support 9,400 9,150 9,000
QSE Index Commentary
Overview:
The QSE Index has been flirting with the
strong resistance levels between the
9,800 and the 9,400 in the past week. In
addition, it flattened out as seen on the
intraday chart. The Index has been
trapped between the mentioned level and
a breakout to any side will possibly take it
to the next level.
Expected Resistance Level: 9,800
Expected Support Level: 9,400
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 14 Feb 11 Feb %Ch.
Value Traded (QR mn) 238.3 318.5 -25.2
Ex. Mkt. Cap. (QR bn) 512.4 506.0 1.3
Volume (mn) 8.1 8.5 -4.6
Number of Trans. 3,493 4,286 -18.5
Companies Traded 41 41 0.0
Market Breadth 34:6 7:33 –
QE Indices
Market Indices Close 1D% RSI
Total Return 14,973.68 1.2 55.6
All Share Index 2,561.44 1.1 55.3
Banks 2,619.46 0.8 59.5
Industrials 2,788.48 2.1 47.5
Transportation 2,332.26 1.3 55.6
Real Estate 2,076.62 0.8 52.0
Insurance 3,997.77 0.5 55.9
Telecoms 1,065.96 1.3 67.5
Consumer 5,393.06 1.3 54.5
Al Rayan Islamic 3,446.18 0.9 51.8
RSI 14 (Over Bought)
Ticker Close 1D% RSI
ORDS 88.40 1.6 71.7
RSI 14 (Over Sold)
Ticker Close 1D% RSI
DBIS 11.59 1.7 16.8
GISS 30.85 6.0 29.0
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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UDCD
Price % Ch. Volume
Last 19.81 2.38 570,408
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 20.00 20.70 22.00
Support 18.90 17.85 17.35
Commentary
Overview:
We noticed positive price failure swings on
the daily and the hourly charts. The price
also broke above the 50SMA and the
momentum is picking up, as seen on the
Histogram and the MACDs.
Expected Target Price: QR20.70 –
QR22.00
A price breakaway above QR 20.00
triggers the buy recommendation.
Suggested Stop-Loss Price: QR18.90
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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SIIS
Price % Ch. Volume
Last 10.52 4.57 1,009,279
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 10.55 10.85 11.20
Support 10.00 9.70 9.00
Commentary
Overview:
We sent out a recommendation to buy the
name on the 7
th
of this month; the name
reached the first target of QR10.50 (a 2%
increase from the trigger price set). With
their proposed dividends of QR1.00 for
2015, this might catapult the name yet
again. Technically, we project the short-
term expected resistance levels at
QR11.20 to QR11.30.
Expected Target Price: QR11.20 –
QE11.30
A price breakaway above QR10.55
triggers the buy recommendation.
Suggested Stop-Loss Price: QR10.00
(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 9,600.97 9,546.01 9,570.67 9,585.91 9,610.57 9,635.23 9,650.47 9,675.13 9,691.19 10,489.75 11,189.68
Total Return 14,973.68 14,887.95 14,926.41 14,950.18 14,988.65 15,027.11 15,050.88 15,089.35 15,071.62 16,308.84 17,393.92
All Share 2,561.44 2,543.44 2,551.45 2,556.39 2,564.40 2,572.41 2,577.35 2,585.36 2,582.47 2,793.91 2,984.57
Al Rayan Islamic 3,446.18 3,424.89 3,437.09 3,444.63 3,456.82 3,469.02 3,476.56 3,488.75 3,528.18 3,897.56 4,240.32
Banks & Financials Services
MARK 33.95 33.65 33.80 33.90 34.05 34.20 34.30 34.45 34.76 38.25 41.71
CBQK 42.50 41.50 41.81 41.99 42.30 42.61 42.79 43.10 42.80 47.92 51.79
DHBK 37.80 37.27 37.42 37.51 37.67 37.82 37.91 38.07 40.58 44.69 48.88
QIBK 98.00 97.07 97.53 97.81 98.27 98.73 99.01 99.47 98.87 108.08 108.11
QIIK 67.20 65.73 66.31 66.66 67.23 67.81 68.16 68.73 62.93 68.32 73.35
Insurance
QATI 82.50 82.03 82.30 82.47 82.73 83.00 83.17 83.43 80.89 86.39 91.06
Consumer Goods & Services
MCGS 97.50 93.77 95.79 97.04 99.07 101.09 102.34 104.37 105.23 131.29 153.82
Industrials
IQCD 102.00 99.00 100.15 100.85 102.00 103.15 103.85 105.00 101.58 109.94 123.24
QEWS 192.30 191.70 191.89 192.01 192.20 192.39 192.51 192.70 199.77 205.28 211.18
GISS 30.85 29.48 29.98 30.29 30.78 31.28 31.59 32.08 44.89 53.25 63.52
QIGD 31.10 29.93 30.53 30.89 31.48 32.08 32.44 33.03 32.65 38.37 44.50
Real Estate
BRES 33.90 33.30 33.57 33.73 34.00 34.27 34.43 34.70 36.06 39.79 44.38
UDCD 19.81 19.07 19.36 19.53 19.82 20.11 20.28 20.57 19.36 21.43 22.73
ERES 14.30 14.03 14.19 14.28 14.43 14.59 14.68 14.83 14.68 16.60 17.31
MRDS 11.20 11.00 11.11 11.19 11.30 11.41 11.49 11.60 12.92 14.48 16.25
Telecommunication
ORDS 88.40 87.67 87.97 88.16 88.47 88.77 88.96 89.27 75.05 75.16 79.77
VFQS 10.35 10.25 10.31 10.34 10.40 10.46 10.49 10.55 11.25 12.45 14.15
Transportation
QGTS 22.66 22.42 22.50 22.54 22.62 22.70 22.74 22.82 22.09 23.06 22.65
QNNS 92.40 90.80 91.26 91.54 92.00 92.46 92.74 93.20 91.57 94.70 96.28
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:
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
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
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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
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