The document provides a daily technical analysis of the QE Index and two Qatari stocks, Vodafone Qatar and Industries Qatar. For the QE Index, it notes the index reached resistance at 10,000 points and may see corrections. For Vodafone Qatar, it remains bearish as the stock has formed bearish reversal patterns. The price target range is QR1.16 - QR1.05 and a breach below QR1.23 would trigger sell signals. Key support and resistance levels are identified for both stocks. Market indicators for trading activity and breadth are also summarized.
QNBFS Daily Technical Trader Qatar - March 30, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - April 02, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - April 09, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - March 30, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - April 02, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - April 09, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - September 18 2019 التحليل الفني اليومي ل...QNB Group
The Index started a move above its SMAS, which is a good sign and we may see the Index move to our next expected resistance between the 10,700 and the 10,800 levels.
QNBFS Daily Technical Trader Qatar - March 18, 2020 التحليل الفني اليومي لبور...QNB Group
The QSE Index reached extreme oversold area shown based on its RSI. Moreover, the MACD has also reached extreme levels, which means the chances for a bounce are there.
QNBFS Daily Technical Trader Qatar - February 09, 2020 التحليل الفني اليومي ل...QNB Group
The General Index is testing the support levels from the previous flag formation. As a result, we may see a bounce from the current levels, but the Index needs to move above its major moving averages to sustain the bullish move.
QNBFS Daily Technical Trader Qatar - September 14, 2021 التحليل الفني اليومي ...QNB Group
The General Index has managed to bounce off from the lower lows of the day while remaining above all the major moving averages as well as the support line.
QNBFS Daily Technical Trader Qatar - January 20, 2021 التحليل الفني اليومي لب...QNB Group
The QE Index was less than 4 points shy of reaching the 11,000 resistance level we mentioned in our previous reports; it started a correction in the short term.
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index started the week on a weaker note, which is
expected on Sundays; volumes have dropped also for the same reason. We remain cautious on the next move; the only light we
see at the end of the tunnel is the MACD indicator, being above the zero line.
QNBFS Daily Technical Trader - Qatar for August 26 2019 التحليل الفني اليومي ...QNB Group
The QSE Index has created longer upper shadows after the recent bounce above the 9,600 level and it remain below its major moving averages. As a result, the index may weaken further if it does not move above the 10,000 immediate resistance level.
QNBFS Daily Technical Trader - Qatar for September 17, 2018 التحليل الفني الي...QNB Group
The Index declined and closed under the 10,000 resistance, but the trend remains upwards; expect high volatility around the mentioned level until the level gets cleared.
QNBFS Daily Technical Trader Qatar - September 07, 2020 التحليل الفني اليومي ...QNB Group
As the Index reaching the 10,000 resistance level, it also reached the upper side of the uptrend channel. Moreover, we see bearish price formation in terms of candlesticks.
QNBFS Daily Technical Trader Qatar - September 18 2019 التحليل الفني اليومي ل...QNB Group
The Index started a move above its SMAS, which is a good sign and we may see the Index move to our next expected resistance between the 10,700 and the 10,800 levels.
QNBFS Daily Technical Trader Qatar - March 18, 2020 التحليل الفني اليومي لبور...QNB Group
The QSE Index reached extreme oversold area shown based on its RSI. Moreover, the MACD has also reached extreme levels, which means the chances for a bounce are there.
QNBFS Daily Technical Trader Qatar - February 09, 2020 التحليل الفني اليومي ل...QNB Group
The General Index is testing the support levels from the previous flag formation. As a result, we may see a bounce from the current levels, but the Index needs to move above its major moving averages to sustain the bullish move.
QNBFS Daily Technical Trader Qatar - September 14, 2021 التحليل الفني اليومي ...QNB Group
The General Index has managed to bounce off from the lower lows of the day while remaining above all the major moving averages as well as the support line.
QNBFS Daily Technical Trader Qatar - January 20, 2021 التحليل الفني اليومي لب...QNB Group
The QE Index was less than 4 points shy of reaching the 11,000 resistance level we mentioned in our previous reports; it started a correction in the short term.
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index started the week on a weaker note, which is
expected on Sundays; volumes have dropped also for the same reason. We remain cautious on the next move; the only light we
see at the end of the tunnel is the MACD indicator, being above the zero line.
QNBFS Daily Technical Trader - Qatar for August 26 2019 التحليل الفني اليومي ...QNB Group
The QSE Index has created longer upper shadows after the recent bounce above the 9,600 level and it remain below its major moving averages. As a result, the index may weaken further if it does not move above the 10,000 immediate resistance level.
QNBFS Daily Technical Trader - Qatar for September 17, 2018 التحليل الفني الي...QNB Group
The Index declined and closed under the 10,000 resistance, but the trend remains upwards; expect high volatility around the mentioned level until the level gets cleared.
QNBFS Daily Technical Trader Qatar - September 07, 2020 التحليل الفني اليومي ...QNB Group
As the Index reaching the 10,000 resistance level, it also reached the upper side of the uptrend channel. Moreover, we see bearish price formation in terms of candlesticks.
QNBFS Daily Technical Trader Qatar - April 01, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader Qatar - February 17, 2020 التحليل الفني اليومي ل...QNB Group
The General Index reached our expected support at the 9,750 and closed tad below it. As a result, we keep our support there until it does not hold the Index further; the next logical support is expected around 9,500 level.
QNBFS Daily Technical Trader - Qatar for March 14, 2018 التحليل الفني اليومي ...Aicha El-Mamy
The Index gapped up yesterday but could not reach the 9,000 level. It needs to clear the mentioned level; the 50SMA has been
moving around it, it is also needed to confirm the bullish flag formation. The recent gap could be filled before the breakout.
QNBFS Daily Technical Trader - Qatar for February 14, 2018 التحليل الفني اليو...Aicha El-Mamy
The General Index dropped slightly and testing again the 9,000 level. We will keep the first support as the Index may oscillate around the 9,000 level because of its proximity to the 200SMA.
QNBFS Daily Technical Trader Qatar - April 14, 2020 التحليل الفني اليومي لبور...QNB Group
After the QE Index reached extreme levels, it has moved slightly up. At this stage, however, the Index is clearly lacking direction as the selling pressure remains a strong factor in the next expected move.
QNBFS Daily Technical Trader - Qatar for April 10, 2018 التحليل الفني اليومي ...QNB Group
The Index ended Monday’s session with a strong, and positive, move. We remain optimistic and we are watching the 9,000 level closely; a breakout above the mentioned level means further upside would be expected.
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.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@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.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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.
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
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
QNBFS Daily Technical Trader Qatar - September 09, 2020 التحليل الفني اليومي لبورصة قطر
1. Technical Spotlight
Sunday, January 14, 2018
1
اليومي الفني التحليل–قطر بورصة
Daily Technical Trader – QATAR
Wednesday, September 09, 2020
QE Index Overview QE Index Daily Chart السوق لمؤشر اليومي البياني الرسم المؤشر على نظرةالعام
As the Index reaching the
10,000 resistance level, it also
reached the upper side of the
uptrend channel. Moreover, we
see bearish price formation in
terms of candlesticks. As a
result, we may see corrections
around here.
المؤشر وصول معالعاممستوى إلى
المقاومةعند المتوقع10000نقطة،
ومن العلوي الجانب إلى ًاضأي وصل
على عالوة .الصعودي االتجاه قناة
من هبوطي سعر تشكيل نرى ، ذلك
.اليابانية الشموع حيثولذلك نتيجة
كلهتصحيحا نرى قد ،سعريا.هنا
Expected Resistance Level:
10,000
Expected Support Level:
9,250
Market Indicators مؤشراتالسوق
Sep 08 Sep 07 % ∆
Index Last Close 9,760.68 9,725.28 0.36 العام للمؤشر إقفال آخر
Value (QR mn) 364.2 383.9 -5.1 )لاير (مليون المتداولة القيمة
Exchange Market
Cap. (QR bn)
569.6 568.7 0.1
السوقية القيمةإلجمالياالسهم
)لاير (مليار
Volume (mn) 212.6 225.2 -5.6 )سهم (مليون التداول حجم
Number of Trans. 7,458 9,899 -24.7 المنفذة العقود عدد
Companies Traded 47 46 2.2 المتداولة الشركات عدد
Market Breadth 27:16 21:19 – السوق عمق
:المتوقع المقاومة مستوى
10000
:المتوقع الدعم مستوى
9250
2. 2
Vodafone Qatar PQSC قطر فودافون
Stock Overview Daily Chart اليومي البياني الرسم نظرةعلىالسهم
We remain to be bearish on the
name as the price has created
during the uptrend a rising
wedge formation, which is a
bearish reversal pattern.
Moreover, the price could be
creating a double-top price
formation, which is another
bearish reversal pattern.
However, that double-top
formation has not been
confirmed yet, and we await its
confirmation for the weakness
to unfold.
التن زالظرتناهبسعر على وطية
السهم،فقدكونسعرالسهمخالل
توجههتشكيل الصعودينموذج
سعرييعرفباإلسفينالمتصاعد،
نم وهووذجانعكاسيوعالوة .هبوطي
إلى السعر يؤدي قد ،ذلك علىتكوين
ال القمة نموذجمزدوجةآخر نمط وهو ،
مننماذجالهبوطي االنعكاسلسعر
السهمتأكيد يتم لم ،ذلك ومع .تال لكقمة
المزدوجةحتى تأكيده ننتظر ونحن ،
الضعف يتكشفالسعري.
Expected Target Price:
QR1.16 – QR1.05
A price breach below the
QR1.23 triggers sell idea.
Suggested Stop-Loss Level:
Discretionary
Last Px. االقفال سعر %∆ %التغير Volume التداول حجم
1.255 0.40 13,347,081
Resistance/Support / الدعمالمقاومة
Level 1st األول 2nd الثاني 3rd الثالث المستوى
Resistance 1.30 1.33 1.38 مقاومة
Support 1.23 1.16 1.05 دعم
األ:المتوقعة السعرية هداف
1.16لاير–1.05لاير
ال نرجحبيعالسعر اختراق حال في
تحتمستوى1.23.لاير
المقترح الخسارة ايقاف مستوى:
المتداول يالئم ما حسب
4. 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 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.
5. 5
Contacts
Zaid al-Nafoosi, CMT, CFTe
Senior Research Analyst
Tel: (+974) 4476 6535
zaid.alnafoosi@qnbfs.com.qa
Shahan Keushgerian
Senior Research Analyst
Tel: (+974) 4476 6509
shahan.keushgerian@qnbfs.com.qa
Mehmet Aksoy, PhD
Senior Research Analyst
Tel: (+974) 4476 6589
mehmet.aksoy@qnbfs.com.qa
Saugata Sarkar, CFA, CAIA
Head of Research
Tel: (+974) 4476 6534
saugata.sarkar@qnbfs.com.qa
Ahmed El-Khudary
Head of Trading
Tel: (+974) 4476 6533
ahmed.elkhudary@qnbfs.com.qa
Feras al-Sarraj
Head of Sales
Tel: (+974) 4476 6514
feras.alsarraj@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.) (“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
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