The document provides a daily technical analysis of the Tadawul All Share Index (TASI) in Saudi Arabia, analyzing index levels, market indicators, sector performances, and the stock performances of individual companies. It also examines technical indicators and expected support and resistance levels for the index and selected stocks. Charts and tables are included to illustrate price movements and technical analysis.

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Daily Technical Trader – KSA
Tuesday, 03 May 2016
Today’s coverage
Ticker Price (SAR) 1
st
Target
ALINMATO 20.81 21.75
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,716.49 -0.56 306.4
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,850 7,000 7,100
Support 6,700 6,550 6,450
TASI All Share Index Commentary
Overview:
The Index corrected slightly another day,
yet it remained above the 6,700 level. We
are seeing conflicting signals. As a result,
unless the Index breaches below the 6,700
level, we lean towards the uptick.
Expected Resistance Level: 6,850
Expected Support Level: 6,700
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 01 May 01 May %Ch.
Value (SAR bn) 6.0 6.4 -7.0
Mkt. Cap. (SAR bn) 1,542.4 1,552.1 -0.6
Volume (mn) 334.4 373.2 -10.4
Transactions 134,059 137,311 -2.4
Companies Traded 168 168 0.0
Market Breadth 64:101 70:95 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 14,968.66 -1.07 54.45
Petrochem 4,499.46 -1.05 64.36
Cement 4,462.62 -0.53 52.19
Retail 10,217.22 -0.03 56.62
Energy and Utilities 5,980.77 1.64 57.05
Agriculture and Food 7,910.42 -0.29 48.96
Telecom 1,578.83 0.66 50.59
Insurance 1,275.05 -0.54 66.67
Multi-Investment 2,949.51 -1.03 61.00
Industrial Invest. 6,693.02 -2.07 78.45
Building and Const. 2,157.65 -1.34 67.53
RE Development 6,399.85 1.35 64.62
Transportation 7,590.17 -0.33 68.17
Media & Publishing 2,780.14 -0.75 46.15
Hotel and Tourism 10,671.16 -1.13 65.44
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
SAUDI MINING 39.02 -2.9 80.0
SAUDI KAYAN PETR 6.85 -1.3 77.6
SAPTCO 13.99 -0.3 77.3
DAR AL ARKAN RE 5.79 2.5 71.6
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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Alinma Tokio Marine Co.
Price (SAR) % Ch. Volume
Last 20.81 2.21 3,717,166
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 20.90 21.75 22.35
Support 19.85 18.90 18.50
Commentary
Overview:
The price has been congested in a tight,
triangular shape. In addition, the moving
averages have been clustered, suggested
a strong breakout in either direction. If
the price breaks out above the below
mentioned level, then we expect the
move to be strong upwards.
Expected Price Target: SAR21.75 –
SAR22.35
A price breakout above SAR20.90 triggers
the buy recommendation.
Suggested Stop-Loss Price: SAR19.85
(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 46.11 45.24 45.70 45.98 46.44 46.90 47.18 47.64 41.14 38.94 43.13
AL ALAMIYA COOP 32.61 31.60 31.95 32.16 32.50 32.85 33.06 33.40 31.15 37.04 47.74
AL RAJHI BANK 59.13 57.21 57.88 58.29 58.96 59.63 60.04 60.71 54.80 52.67 53.99
AL TAYYAR TRAVEL 40.56 39.45 39.87 40.13 40.55 40.97 41.23 41.65 36.95 45.10 61.60
ALANDALUS PROP 21.26 20.99 21.08 21.14 21.24 21.33 21.39 21.49 21.42 N/A N/A
ALINMA BANK 14.16 13.89 13.98 14.04 14.14 14.23 14.29 14.39 13.40 13.47 15.44
ALINMA TOKIO MAR 20.81 20.34 20.57 20.71 20.94 21.17 21.31 21.54 20.45 20.12 20.30
ASH-SHARQIYAH 43.04 42.28 42.62 42.84 43.18 43.52 43.74 44.08 41.62 42.39 52.47
BANK AL-JAZIRA 14.04 13.68 13.81 13.90 14.03 14.16 14.25 14.38 13.67 13.73 17.23
BUPA ARABIA 125.79 121.93 123.84 125.02 126.93 128.84 130.02 131.93 115.79 111.93 116.02
CO FOR COOP 83.52 82.01 82.58 82.93 83.51 84.08 84.43 85.01 77.69 74.35 80.70
DAR AL ARKAN REA 5.79 5.53 5.61 5.65 5.73 5.81 5.85 5.93 5.09 5.24 6.12
EMAAR ECONOMIC 15.01 14.70 14.82 14.89 15.00 15.12 15.19 15.30 13.76 13.12 12.04
ETIHAD ETISALAT 29.43 29.21 29.29 29.33 29.41 29.49 29.53 29.61 28.37 26.51 27.65
JABAL OMAR DEVEL 64.15 60.55 61.70 62.40 63.55 64.70 65.40 66.55 57.33 53.23 57.97
KNOWLEDGE ECON 14.97 14.79 14.89 14.94 15.04 15.14 15.19 15.29 13.37 12.96 15.58
MALATH INSURANCE 16.91 16.44 16.59 16.68 16.84 16.99 17.08 17.24 15.16 15.87 19.98
MEDITERRANEAN 24.01 23.60 23.74 23.82 23.95 24.09 24.17 24.30 21.30 20.98 24.66
MOBILE TELECOM 8.93 8.84 8.88 8.91 8.94 8.98 9.01 9.04 8.13 7.53 8.61
NATIONAL COMM 43.01 42.54 42.73 42.85 43.04 43.23 43.35 43.54 41.44 42.62 49.00
NATIONAL SHIPPING 45.76 45.05 45.36 45.55 45.85 46.16 46.35 46.65 41.06 40.21 40.27
RABIGH REFINING 12.27 11.92 12.06 12.14 12.27 12.41 12.49 12.62 10.94 10.55 13.78
SABB TAKAFUL 28.32 27.31 27.65 27.86 28.21 28.55 28.76 29.11 25.92 25.87 32.68
SABIC 84.10 82.70 83.37 83.78 84.45 85.12 85.53 86.20 76.94 74.20 79.81
SAPTCO 13.99 13.63 13.78 13.88 14.03 14.18 14.28 14.43 12.18 12.61 16.62
SASCO 17.61 17.27 17.40 17.49 17.62 17.75 17.84 17.97 16.73 17.01 20.64
SAUDI ARABIAN MI 39.02 37.01 37.92 38.49 39.41 40.32 40.89 41.81 31.19 31.20 32.15
SAUDI CERAMIC 40.40 39.40 39.93 40.27 40.80 41.33 41.67 42.20 39.54 39.99 50.65
SAUDI GROUND 49.18 48.86 48.97 49.05 49.16 49.27 49.35 49.46 44.00 42.66 52.09
SAUDI KAYAN PETR 6.85 6.58 6.68 6.74 6.83 6.93 6.99 7.08 5.38 5.57 7.23
SAUDI PAPER MAN 14.08 13.93 13.98 14.02 14.08 14.13 14.17 14.23 13.92 14.42 16.35
SAUDI PRINTING 20.49 19.93 20.14 20.27 20.48 20.69 20.82 21.03 21.07 21.42 19.64
SAUDI RESEARCH 40.20 39.53 39.84 40.03 40.33 40.64 40.83 41.13 41.46 44.42 32.54
SAUDI TELECOM CO 63.13 62.21 62.50 62.67 62.96 63.25 63.42 63.71 64.72 64.31 64.43
SAUDI TRANSPORT 52.09 51.36 51.75 51.98 52.36 52.75 52.98 53.36 52.11 55.13 57.94
SHAMS 38.74 37.85 38.19 38.40 38.75 39.09 39.30 39.65 36.71 36.63 36.76
THIMAR 33.35 32.85 33.04 33.16 33.35 33.54 33.66 33.85 33.37 33.86 41.10
TIHAMA 36.81 36.07 36.34 36.50 36.77 37.04 37.20 37.47 37.33 32.81 40.76
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
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services. Co WLL One Person Company (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is
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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
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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
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