COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 5

Daily Technical Trader – Qatar

Wednesday, 28 September

2016

Today’s Coverage

Ticker Price Target

ORDS 98.00 95.00

QSE Index

Level % Ch. Vol. (mn)

Last 10,472.93 -0.35 5.0

Resistance/Support

Levels 1st

2nd

3rd

Resistance 10,650 10,700 10,800

Support 10,250 10,100 10,000

QSE Index Commentary

Overview:

The Index dropped slightly but on higher

volumes, compared to Monday’s volumes.

If this weakness continues, that means

we could see the 10,000 level again.

Expected Resistance Level: 10,650

Expected Support Level: 10,250

QSE Index (Daily)

Source: Bloomberg, QNBFS Research

QSE Summary

Market Indicators 27 Sep 26 Sep %Ch.

Value Traded (QR mn) 276.5 236.8 16.8

Ex. Mkt. Cap. (QR bn) 561.9 563.6 -0.3

Volume (mn) 7.4 6.2 19.0

Number of Trans. 3,101 3,639 -14.8

Companies Traded 40 40 0.0

Market Breadth 16:22 26:12 –

QSE Indices

Market Indices Close 1D% RSI

Total Return 16,944.50 -0.4 42.1

All Share Index 2,888.75 -0.3 41.0

Banks 2,880.14 -0.4 44.2

Industrials 3,163.77 -0.1 43.5

Transportation 2,481.98 0.5 43.1

Real Estate 2,461.05 -0.6 30.5

Insurance 4,621.65 0.1 54.3

Telecoms 1,204.90 -0.5 46.8

Consumer Goods 6,309.97 -0.2 32.4

Al Rayan Islamic 3,956.75 0.2 39.1

RSI 14 (Overbought)

Ticker Close 1D% RSI

RSI 14 (Oversold)

Ticker Close 1D% RSI

MPHC 17.13 0.2 26.0

QSE Index (30min)

Source: Bloomberg, QNBFS Research

COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 2 of 5

Ooredoo (ORDS)

Price % Ch. Volume

Last 98.00 -0.81 75,408

Resistance/Support

Levels (QR) 1st

2nd

3rd

Resistance 100.00 104.00 107.00

Support 98.00 95.00 93.60

Commentary

Overview:

The name has been correcting since

middle of August and weakness is

expected to continue (based on the

MACD’s movement). Moreover, the price

has been creating a downtrend channel

on the hourly chart.

Expected Price Retreat: QR95.00 –

QR93.60

A price breach below QR98.00 triggers the

sell recommendation.

(Daily)

Source: Bloomberg, QNBFS Research

(Hourly)

Source: Bloomberg, QNBFS Research

COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 3 of 5

Intraday Fibonacci Support and Resistance Levels Daily Moving Averages Support Levels Resistance Levels

Ticker Close 3rd

2nd

1st

Pivot 1st

2nd

3rd

50 SMA 100 SMA 200 SMA

QSE Index 10,472.93 10,417.95 10,444.26 10,460.52 10,486.83 10,513.14 10,529.40 10,555.71 10,771.42 10,302.33 10,115.90

Total Return 16,944.50 16,855.54 16,898.11 16,924.42 16,966.99 17,009.56 17,035.87 17,078.44 17,427.44 16,668.48 16,172.45

All Share 2,888.75 2,873.66 2,880.39 2,884.55 2,891.28 2,898.01 2,902.17 2,908.90 2,970.40 2,857.60 2,773.15

Al Rayan Islamic 3,956.75 3,924.96 3,937.12 3,944.63 3,956.78 3,968.94 3,976.45 3,988.60 4,095.76 3,964.97 3,832.97

Banks & Financials Services

MARK 35.70 35.30 35.45 35.55 35.70 35.85 35.95 36.10 36.73 35.18 35.08

CBQK 39.00 38.80 38.86 38.89 38.95 39.01 39.04 39.10 40.56 38.74 40.49

DHBK 36.90 36.63 36.79 36.88 37.03 37.19 37.28 37.43 37.69 36.63 37.96

QIBK 105.60 103.07 103.79 104.24 104.97 105.69 106.14 106.87 108.41 102.06 100.86

QIIK 64.50 64.17 64.36 64.48 64.67 64.86 64.98 65.17 65.06 63.37 64.37

Insurance

QATI 88.90 87.63 88.02 88.25 88.63 89.02 89.25 89.63 84.77 79.62 77.38

Consumer Goods & Services

MCGS 89.90 88.97 89.35 89.58 89.97 90.35 90.58 90.97 93.92 95.24 100.58

Industrials

IQCD 106.10 102.57 103.90 104.73 106.07 107.40 108.23 109.57 108.80 103.88 103.89

QEWS 212.90 208.97 210.15 210.88 212.07 213.25 213.98 215.17 222.33 213.54 207.12

GISS 34.45 34.02 34.21 34.33 34.52 34.71 34.83 35.02 36.13 36.31 38.06

QIGD 51.60 49.00 49.88 50.42 51.30 52.18 52.72 53.60 51.29 50.17 44.68

Real Estate

BRES 34.30 34.03 34.17 34.25 34.38 34.52 34.60 34.73 35.99 34.06 34.88

UDCD 20.00 19.55 19.68 19.76 19.89 20.02 20.10 20.23 20.29 19.53 19.63

ERES 17.31 17.06 17.20 17.29 17.43 17.57 17.66 17.80 19.04 18.37 17.17

MRDS 14.00 13.63 13.77 13.85 13.98 14.12 14.20 14.33 14.28 13.93 13.34

Telecommunication

ORDS 98.00 97.40 97.74 97.96 98.30 98.64 98.86 99.20 97.91 92.75 87.64

VFQS 11.06 10.89 10.96 11.01 11.09 11.16 11.21 11.29 11.51 11.22 11.38

Transportation

QGTS 23.68 23.20 23.37 23.47 23.64 23.81 23.91 24.08 24.22 23.65 23.19

QNNS 86.30 85.57 85.91 86.12 86.47 86.81 87.02 87.37 89.95 88.51 90.27 Source: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 5

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.

COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 5 of 5

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.