The document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) from June 9, 2016. It includes the following key points:
1) The QSE index has been trending upward recently with no major corrections, which could lead to profit-taking that interrupts the upward movement.
2) Support and resistance levels for the index are identified as 9,800 and 10,000 respectively.
3) Market indicators like trading volume and number of transactions declined compared to the previous day, while the market breadth was negative.
4) Technical analyses are provided for various stocks and indices listing support and resistance levels based on moving averages and Fibonacci retracements.
QNBFS Daily Technical Trader - Qatar for August 15, 2017QNB Group
The Index stabilized but still pointing down. We see positive divergence between the MACD and the RSI against the price’s movement on the intraday chart. We have to note that this does not mean a reversal to the upside yet, but a possible slowdown in the current correction.
QNBFS Daily Technical Trader - Qatar May 31, 2016QNB Group
The Index dropped through another
session and the momentum remains
down. Due to the MSCI rebalancing, high
volatility is expected. That been said, we
note that the RSI reached the oversold
area on both time frames. As a result, the
Index might see a relief bounce.
QNBFS Daily Technical Trader - Qatar January 30, 2017QNB Group
The correction on the Index has started as
we expected and the weakness could
continue. That been said, we are looking
for buying opportunities on the Index.
QNBFS Daily Technical Trader - Qatar for August 15, 2017QNB Group
The Index stabilized but still pointing down. We see positive divergence between the MACD and the RSI against the price’s movement on the intraday chart. We have to note that this does not mean a reversal to the upside yet, but a possible slowdown in the current correction.
QNBFS Daily Technical Trader - Qatar May 31, 2016QNB Group
The Index dropped through another
session and the momentum remains
down. Due to the MSCI rebalancing, high
volatility is expected. That been said, we
note that the RSI reached the oversold
area on both time frames. As a result, the
Index might see a relief bounce.
QNBFS Daily Technical Trader - Qatar January 30, 2017QNB Group
The correction on the Index has started as
we expected and the weakness could
continue. That been said, we are looking
for buying opportunities on the Index.
QNBFS Daily Technical Trader - Qatar for September 28, 2017QNB Group
The Index started to give mixed signals. But to be fair, the Bearish Engulfing pattern created by yesterday’s closing suggests further weakness to be expected. We reiterate the idea that the levels between 8,000 and 8,350 are important to act as support levels; the support is derived from old consolidation areas.
QNBFS Daily Technical Trader - Qatar June 05, 2016QNB Group
The Index continued the downtrend with
another drop last Thursday. The Index is
situated just around a virtual support line
(the diagonal green line on the daily
chart). In addition, even though the
momentum has been down, the RSI, on
the other hand, is diverging positively
against the price. As a result, we might
see a bounce off the current levels, but the
trend is down.
QNBFS Daily Technical Trader - Qatar for November 15, 2017QNB Group
The Index remains above the 7,800 level on higher volumes. Buying pressure is strong around the current levels and it is healthy to maintain that pressure.
QNBFS Daily Technical Trader - Qatar for November 08, 2017Aicha El-Mamy
The Index dropped sharply through the session and reached our expected support at 7,800, but it closed closer to the 8,000
resistance. Relief rallies are possible against the trend but traders should be cautious.
QNBFS Daily Technical Trader - Qatar for January 02, 2018QNB Group
The Index has created a tightly formed bullish flag on the daily chart; we expect the market to become bullish in the short term if it breaks above the 8,570.
QNBFS Daily Technical Trader - Qatar May 24, 2017QNB Group
The Index closed flat at a critical level. The short-term channel has been down (see 30min chart); a successful breakout above that level means a bullish attitude is expected in the short term.
QNBFS Daily Technical Trader - Qatar for September 26, 2017QNB Group
The Index continued with its bounce against the trend as we expected and this may continue in the short term. We need to see more volumes on the uptick to strengthen the move and validate it.
QNBFS Daily Technical Trader - Qatar January 26, 2017QNB Group
There are mixed signals here; the Index
broke above the 11,000 level, which is a
great achievement, but the daily RSI has
flattened. Moreover, the short-term trend
remains up and intact.
QNBFS Daily Technical Trader - Qatar for September 06, 2017QNB Group
The Index managed to close above the 8,800 level at the end of the last session; relatively higher volumes were noticed. The Index needs to sustain a close above 8,800 for a chance to see a relief rally. Expect volumes to be muted.
QNBFS Daily Technical Trader - Qatar for October 03, 2017QNB Group
We reiterate the notion that the Index remains around a critical intraday level of 8,300 and should sustain it. Otherwise, we may see it moving towards the 8,200 level.
QNBFS Daily Technical Trader - Qatar for August 17, 2017QNB Group
The Index reached close to the 9,000 level we mentioned in previous reports; now we await a reversal confirmation. It should be noted that the reversal may act as a relief rally; we don’t see a change in the downtrend yet.
QNBFS Daily Technical Trader - Qatar September 28, 2016QNB Group
The Index stabilized below the lower
barrier of the uptrend channel and created
what could possibly be a bearish
Tweezers-Top. That been said, the OPEC’s
agreement (in principle) to cut oil
production yesterday could negate the
possible bearish formation mentioned
above.
QNBFS Daily Technical Trader - Qatar for September 28, 2017QNB Group
The Index started to give mixed signals. But to be fair, the Bearish Engulfing pattern created by yesterday’s closing suggests further weakness to be expected. We reiterate the idea that the levels between 8,000 and 8,350 are important to act as support levels; the support is derived from old consolidation areas.
QNBFS Daily Technical Trader - Qatar June 05, 2016QNB Group
The Index continued the downtrend with
another drop last Thursday. The Index is
situated just around a virtual support line
(the diagonal green line on the daily
chart). In addition, even though the
momentum has been down, the RSI, on
the other hand, is diverging positively
against the price. As a result, we might
see a bounce off the current levels, but the
trend is down.
QNBFS Daily Technical Trader - Qatar for November 15, 2017QNB Group
The Index remains above the 7,800 level on higher volumes. Buying pressure is strong around the current levels and it is healthy to maintain that pressure.
QNBFS Daily Technical Trader - Qatar for November 08, 2017Aicha El-Mamy
The Index dropped sharply through the session and reached our expected support at 7,800, but it closed closer to the 8,000
resistance. Relief rallies are possible against the trend but traders should be cautious.
QNBFS Daily Technical Trader - Qatar for January 02, 2018QNB Group
The Index has created a tightly formed bullish flag on the daily chart; we expect the market to become bullish in the short term if it breaks above the 8,570.
QNBFS Daily Technical Trader - Qatar May 24, 2017QNB Group
The Index closed flat at a critical level. The short-term channel has been down (see 30min chart); a successful breakout above that level means a bullish attitude is expected in the short term.
QNBFS Daily Technical Trader - Qatar for September 26, 2017QNB Group
The Index continued with its bounce against the trend as we expected and this may continue in the short term. We need to see more volumes on the uptick to strengthen the move and validate it.
QNBFS Daily Technical Trader - Qatar January 26, 2017QNB Group
There are mixed signals here; the Index
broke above the 11,000 level, which is a
great achievement, but the daily RSI has
flattened. Moreover, the short-term trend
remains up and intact.
QNBFS Daily Technical Trader - Qatar for September 06, 2017QNB Group
The Index managed to close above the 8,800 level at the end of the last session; relatively higher volumes were noticed. The Index needs to sustain a close above 8,800 for a chance to see a relief rally. Expect volumes to be muted.
QNBFS Daily Technical Trader - Qatar for October 03, 2017QNB Group
We reiterate the notion that the Index remains around a critical intraday level of 8,300 and should sustain it. Otherwise, we may see it moving towards the 8,200 level.
QNBFS Daily Technical Trader - Qatar for August 17, 2017QNB Group
The Index reached close to the 9,000 level we mentioned in previous reports; now we await a reversal confirmation. It should be noted that the reversal may act as a relief rally; we don’t see a change in the downtrend yet.
QNBFS Daily Technical Trader - Qatar September 28, 2016QNB Group
The Index stabilized below the lower
barrier of the uptrend channel and created
what could possibly be a bearish
Tweezers-Top. That been said, the OPEC’s
agreement (in principle) to cut oil
production yesterday could negate the
possible bearish formation mentioned
above.
QNBFS Daily Technical Trader - Qatar October 30, 2016QNB Group
The Index stabilized last Thursday and
closed flat and indicators are getting
increasingly flat. Indicators give no sign
yet but the triangle seen on the intraday
chart could have bearish implications.
QNBFS Daily Technical Trader - Qatar January 31, 2017QNB Group
The correction continued and reached the
23.6% Fibonacci level from the previous
bullish move. Intraday RSI reached
oversold level; the Index could see a slight
move upwards.
QNBFS Daily Technical Trader - Qatar for October 08, 2017QNB Group
Oscillation between 8,000 and 8,350 is a fair game for the Index. We remain optimistic on the Index; the daily RSI remains positively diverging against the Index.
QNBFS Daily Technical Trader - Qatar for January 4, 2018QNB Group
The market closed flat but we are still bullish on the Index. As we have mentioned in previous reports, maintaining altitude above the 8,200 level is crucial to the short term direction of the Index.
QNBFS Daily Technical Trader - Qatar September 07, 2016QNB Group
The Index corrected further ahead of the
week-long Eid holiday. The volatility
persists and no significant sign of
recovery in sight. We await strong
reversal signal above the 10,500 points.
Only then, we might start buy into the
market.
QNBFS Daily Technical Trader - Qatar for November 08, 2017QNB Group
The Index dropped sharply through the session and reached our expected support at 7,800, but it closed closer to the 8,000 resistance. Relief rallies are possible against the trend but traders should be cautious.
QNBFS Daily Technical Trader - Qatar September 04, 2016QNB Group
The Index continued with its correction
last Thursday and reached its 61.8%
Fibonacci retracement from its up-move
that started last August. There is no sign
of recovery yet. As a result, we wait and
see how the market develops in the
coming sessions.
QNBFS Daily Technical Trader - Qatar for October 15, 2017QNB Group
The Index reached an intra-day resistance any may correct. That being said, if the Index does not break below the recent low, it may correct for another bullish movement upwards.
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
The QE Index rose 0.3% to close at 10,323.0. Gains were led by the Transportation and Industrials indices, gaining 0.8% each. Top gainers were Qatar Navigation and Al Khaleej Takaful Insurance Co., rising 3.3% and 2.0%, respectively.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
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I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
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Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
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#pinetwork
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
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Tele-gram
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
QNBFS Daily Technical Trader - Qatar June 09, 2016
1. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 4
Daily Technical Trader – Qatar
Thursday, 09 June 2016
No Stocks Covered Today
QSE Index
Level % Ch. Vol. (mn)
Last 9,918.97 0.62 7.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,000 10,100 10,400
Support 9,800 9,700 9,600
QSE Index Commentary
Overview:
The Index has been in an uptick with no
corrections. No higher tops and bottoms
were seen in the current uptick, which is a
concern for the longevity of such a move.
As a result, we see a potential profit
booking on such moves.
Expected Resistance Level: 10,000
Expected Support Level: 9,800
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 08 Jun 07 Jun %Ch.
Value Traded (QR mn) 300.1 320.1 -6.3
Ex. Mkt. Cap. (QR bn) 535.7 532.8 0.6
Volume (mn) 8.9 8.2 9.0
Number of Trans. 3,579 4,288 -16.5
Companies Traded 41 41 0.0
Market Breadth 22:12 35:2 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 16,048.24 0.6 57.4
All Share Index 2,765.13 0.5 56.3
Banks 2,687.78 0.4 59.2
Industrials 3,066.12 0.8 53.4
Transportation 2,476.46 0.8 48.7
Real Estate 2,483.51 0.8 59.5
Insurance 4,077.23 0.0 42.0
Telecoms 1,089.69 0.1 50.0
Consumer Goods 6,410.38 -0.5 44.9
Al Rayan Islamic 3,848.91 0.5 52.8
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research
3. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 3 of 4
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.
4. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 4
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 Services
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
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
regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given
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
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 views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly
from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS.