The document provides a daily market summary and analysis of the Tadawul All Share Index (TASI) and the stock of SABIC in Saudi Arabia. It summarizes that the TASI has been flat over recent months and may rise if it breaks above 6,550 points. For SABIC, it notes the stock has formed a bullish flag pattern and recommends buying if it rises above SAR 84.25, with a target price of SAR 86-87 and stop loss of SAR 82.25. It also includes tables of stock support and resistance levels, market indicators, and sector index performance.

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Daily Technical Trader – KSA
Wednesday, 27 July 2016
Today’s Coverage
Ticker Price (SAR) 1
st
Target
SABIC 83.63 86.00
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,470.82 -0.69 129.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,550 6,700 6,850
Support 6,450 6,300 6,100
TASI All Share Index Commentary
Overview:
The Index has been flattish over the past
few months, resulting in flat indicators.
Only a break above the 6,550 might put
the Index in an uptick inside that range.
Expected Resistance Level: 6,550
Expected Support Level: 6,450
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 26 Jul 25 Jul %Ch.
Value (SAR bn) 2.7 3.4 -19.4
Volume (mn) 141.9 202.3 -29.8
Market Breadth 34:132 97:70 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 13,977.96 -0.71 33.42
Petrochem 4,503.21 -1.05 52.46
Cement 4,159.15 -0.78 28.50
Retail 10,057.06 -0.83 32.41
Energy and Utilities 6,810.41 -0.34 45.02
Agriculture and Food 7,615.82 -0.25 44.63
Telecom 1,513.03 -1.47 36.30
Insurance 1,266.53 0.40 44.29
Multi-Investment 2,621.09 -0.66 41.61
Industrial Invest. 6,397.75 -1.08 43.76
Building and Const. 2,093.80 -0.89 48.42
RE Development 6,369.77 0.14 49.58
Transportation 6,985.78 -1.24 43.95
Media & Publishing 2,685.99 0.33 43.43
Hotel and Tourism 9,304.66 -1.16 35.76
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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Saudi Basic Industries Corporation (SABIC)
Price (SAR) % Ch. Volume
Last 83.63 -0.51 5,803,707
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 84.25 86.00 87.00
Support 82.25 81.00 80.00
Commentary
Overview:
The name has flattened over the past 3
months, which created a tedious flag
formation. The flag formation, in this
case, is considered to be a bullish
continuation pattern. Add to that the
price has been moving just above its
moving averages, and these averages are
pointing upwards to some extent.
Expected Target Price: SAR86.00 –
SAR87.00
A price breakout above SAR84.25 triggers
the buy recommendation.
Suggested Stop-Loss Price: SAR82.25
(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 44.56 43.52 44.09 44.45 45.02 45.59 45.95 46.52 47.85 45.15 43.18
AL ALAMIYA COOP 31.74 31.18 31.49 31.67 31.98 32.29 32.47 32.78 29.67 30.61 40.03
AL RAJHI BANK 58.00 57.50 57.79 57.96 58.25 58.54 58.71 59.00 58.61 56.97 54.04
AL TAYYAR TRAVEL 35.77 35.12 35.43 35.62 35.92 36.23 36.42 36.72 38.37 37.97 48.45
ALANDALUS PROP 20.06 19.79 19.92 20.00 20.14 20.27 20.35 20.49 20.44 20.96 N/A
ALINMA BANK 13.22 13.04 13.12 13.16 13.24 13.32 13.36 13.44 13.42 13.46 13.77
ALINMA TOKIO MAR 19.38 18.79 19.08 19.26 19.54 19.83 20.01 20.29 19.27 19.93 19.90
ASH-SHARQIYAH 38.58 37.93 38.23 38.42 38.73 39.03 39.22 39.53 40.06 40.94 45.60
BANK AL-JAZIRA 12.73 12.54 12.64 12.70 12.79 12.89 12.95 13.04 13.02 13.41 14.46
BUPA ARABIA 128.09 122.03 123.94 125.12 127.03 128.94 130.12 132.03 138.53 128.51 119.43
CO FOR COOP 93.99 92.00 92.76 93.23 94.00 94.76 95.23 96.00 90.61 84.89 80.09
DAR AL ARKAN REA 6.15 5.98 6.06 6.11 6.18 6.26 6.31 6.38 5.96 5.59 5.69
EMAAR ECONOMIC 13.42 13.07 13.25 13.35 13.52 13.70 13.80 13.97 14.20 14.08 12.74
ETIHAD ETISALAT 27.37 26.52 26.94 27.20 27.62 28.04 28.30 28.72 27.87 28.45 27.56
JABAL OMAR DEVEL 63.68 62.06 62.54 62.83 63.31 63.79 64.08 64.56 61.28 60.08 56.66
KNOWLEDGE ECON 14.07 13.76 13.93 14.03 14.21 14.38 14.48 14.66 14.26 13.96 13.90
MALATH INSURANCE 16.10 15.73 15.89 15.98 16.13 16.29 16.38 16.53 15.45 15.51 17.09
MEDITERRANEAN 23.42 22.97 23.13 23.22 23.37 23.53 23.62 23.77 21.88 21.98 22.48
MOBILE TELECOM 8.09 7.90 7.97 8.02 8.10 8.17 8.22 8.30 8.09 8.28 8.06
NATIONAL COMM 38.51 38.04 38.30 38.47 38.74 39.00 39.17 39.44 40.67 41.29 44.36
NATIONAL SHIPPING 39.91 39.17 39.51 39.73 40.07 40.41 40.63 40.97 41.49 41.77 41.17
RABIGH REFINING 11.62 11.37 11.47 11.53 11.62 11.72 11.78 11.87 11.87 11.57 11.86
SABB TAKAFUL 25.25 24.82 25.05 25.19 25.42 25.65 25.79 26.02 25.57 25.95 28.58
SABIC 83.63 82.88 83.26 83.49 83.88 84.26 84.49 84.88 82.27 80.23 78.97
SAPTCO 13.94 13.58 13.77 13.89 14.08 14.27 14.39 14.58 13.52 12.98 14.46
SASCO 15.99 15.73 15.86 15.95 16.08 16.21 16.30 16.43 16.35 16.62 18.34
SAUDI ARABIAN MI 36.32 35.71 36.01 36.20 36.51 36.81 37.00 37.31 38.50 35.23 33.44
SAUDI CERAMIC 36.47 36.02 36.21 36.33 36.52 36.71 36.83 37.02 38.56 39.19 42.88
SAUDI GROUND 48.31 45.04 46.03 46.64 47.64 48.63 49.24 50.24 48.97 46.88 47.17
SAUDI KAYAN PETR 6.98 6.79 6.87 6.92 6.99 7.07 7.12 7.19 6.59 6.10 6.49
SAUDI PAPER MAN 12.40 12.17 12.26 12.32 12.42 12.51 12.57 12.67 12.76 13.36 14.81
SAUDI PRINTING 19.50 19.07 19.24 19.34 19.52 19.69 19.79 19.97 20.15 20.58 20.94
SAUDI RESEARCH 41.16 39.32 40.01 40.43 41.12 41.81 42.23 42.92 43.65 42.47 40.62
SAUDI TELECOM CO 62.11 61.54 61.82 62.00 62.29 62.57 62.75 63.04 63.70 64.07 64.31
SAUDI TRANSPORT 62.65 61.22 61.69 61.99 62.47 62.94 63.24 63.72 55.43 53.64 56.38
SHAMS 33.19 32.93 33.04 33.12 33.23 33.34 33.42 33.53 34.33 35.58 35.77
THIMAR 32.07 31.62 31.78 31.87 32.02 32.18 32.27 32.42 32.23 32.77 34.73
TIHAMA 32.22 31.27 31.58 31.77 32.07 32.38 32.57 32.87 33.88 35.51 33.00
Sources: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given 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
Sahbi Kasraoui Youssef Elboghdady QNB Financial Service
Acting Head of Trading Head of Institutional Sales & Trading Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6542 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa Doha, Qatar
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