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Daily Technical Trader – KSA

Wednesday, 29 June 2016

Today’s Coverage

Ticker Price (SAR) 1st

Target

EMAAR 14.42 15.10

TASI All Share Index

Level % Ch. Vol. (mn)

Last 6,480.32 0.24 285.8

Resistance/Support

Levels 1st

2nd

3rd

Resistance 6,550 6,600 6,800

Support 6,450 6,300 6,100

TASI All Share Index Commentary

Overview:

As the Index closed up slightly and

remains in a downtrend. That been said,

positive movement in the international

markets could trickle down to the Index’s

performance in this session.

Expected Resistance Level: 6,550

Expected Support Level: 6,450

TASI (Daily)

Source: Bloomberg, QNBFS Research

TASI Summary

Market Indicators 28 Jun 27 Jun %Ch.

Value (SAR bn) 4.3 4.2 0.6

Volume (mn) 305.6 258.3 18.3

Market Breadth 110:49 104:56 –

Saudi Equity Indices

Market Indices Close 1D% RSI

Banking 14,078.59 0.59 36.60

Petrochem 4,347.60 -0.18 41.20

Cement 4,309.95 0.15 43.73

Retail 10,391.32 0.73 49.81

Energy and Utilities 6,971.27 -0.23 64.92

Agriculture and Food 7,507.00 0.31 37.93

Telecom 1,532.58 -0.55 46.59

Insurance 1,259.53 -0.01 45.61

Multi-Investment 2,625.65 0.84 42.45

Industrial Invest. 6,470.38 0.78 47.58

Building and Const. 2,062.34 -0.08 53.61

RE Development 6,453.88 -0.17 65.48

Transportation 6,835.65 0.06 36.37

Media & Publishing 2,761.95 4.02 45.81

Hotel and Tourism 9,385.28 1.46 36.06

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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Emaar Economic City (EMAAR)

Price (SAR) % Ch. Volume

Last 14.42 2.49 5,461,429

Resistance/Support

Levels (SAR) 1st

2nd

3rd

Resistance 14.70 15.10 15.40

Support 13.75 13.30 13.00

Commentary

Overview:

The name has been trading up and broke

above the medium term downtrend line.

That puts it in a positive trajectory in the

medium term which could continue to the

SAR16.60 as a price target for the patient

traders.

Expected Target Price: SAR15.10 –

SAR15.40

A price breakout above SAR14.70 triggers

the buy recommendation.

Suggested Stop-Loss Price: SAR13.75

(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 3rd

2nd

1st

Pivot 1st

2nd

3rd

50 SMA 100 SMA 200 SMA

ADVANCED PETROCH 47.48 47.23 47.30 47.35 47.43 47.50 47.55 47.63 47.74 43.47 43.19

AL ALAMIYA COOP 28.85 27.88 28.34 28.62 29.08 29.54 29.82 30.28 30.23 30.25 42.03

AL RAJHI BANK 57.65 55.88 56.46 56.81 57.38 57.96 58.31 58.88 58.74 56.09 53.74

AL TAYYAR TRAVEL 36.06 35.09 35.39 35.58 35.89 36.19 36.38 36.69 39.34 37.86 51.53

ALANDALUS PROP 20.00 19.53 19.69 19.78 19.93 20.09 20.18 20.33 20.67 20.99 N/A

ALINMA BANK 13.06 12.92 12.98 13.01 13.07 13.13 13.16 13.22 13.57 13.38 14.05

ALINMA TOKIO MAR 18.06 17.92 17.98 18.01 18.07 18.13 18.16 18.22 19.64 19.79 19.79

ASH-SHARQIYAH 38.56 37.99 38.18 38.30 38.49 38.68 38.80 38.99 40.98 40.74 46.90

BANK AL-JAZIRA 12.71 12.40 12.50 12.56 12.65 12.75 12.81 12.90 13.31 13.32 15.05

BUPA ARABIA 140.00 137.00 138.15 138.85 140.00 141.15 141.85 143.00 135.98 123.70 118.61

CO FOR COOP 89.92 86.97 88.31 89.14 90.47 91.81 92.64 93.97 88.49 81.68 79.97

DAR AL ARKAN REA 6.49 5.83 6.04 6.17 6.38 6.59 6.72 6.93 5.62 5.26 5.71

EMAAR ECONOMIC 14.42 13.84 14.07 14.21 14.44 14.67 14.81 15.04 14.34 13.80 12.49

ETIHAD ETISALAT 27.45 27.02 27.17 27.26 27.42 27.57 27.66 27.82 28.27 27.64 27.59

JABAL OMAR DEVEL 63.93 60.98 62.50 63.45 64.98 66.50 67.45 68.98 61.00 57.63 56.71

KNOWLEDGE ECON 14.71 13.47 13.91 14.18 14.62 15.06 15.33 15.77 14.17 13.42 14.07

MALATH INSURANCE 14.86 14.19 14.40 14.53 14.74 14.95 15.08 15.29 15.56 15.02 17.56

MEDITERRANEAN 20.41 19.84 20.05 20.18 20.39 20.60 20.73 20.94 22.13 20.93 22.76

MOBILE TELECOM 7.83 7.71 7.75 7.77 7.81 7.85 7.87 7.91 8.36 7.95 8.15

NATIONAL COMM 40.07 39.56 39.71 39.80 39.96 40.11 40.20 40.36 41.66 41.12 45.40

NATIONAL SHIPPING 38.92 38.31 38.50 38.62 38.81 39.00 39.12 39.31 43.02 40.89 41.01

RABIGH REFINING 11.42 11.11 11.20 11.26 11.36 11.45 11.51 11.61 12.00 11.12 12.20

SABB TAKAFUL 24.55 24.22 24.35 24.43 24.57 24.70 24.78 24.92 26.21 25.52 29.63

SABIC 80.87 80.12 80.51 80.74 81.12 81.51 81.74 82.12 82.35 78.29 78.83

SAPTCO 13.50 13.33 13.43 13.49 13.58 13.68 13.74 13.83 13.14 12.42 14.75

SASCO 16.03 15.84 15.92 15.97 16.04 16.12 16.17 16.24 16.54 16.37 18.74

SAUDI ARABIAN MI 37.67 36.76 37.02 37.19 37.46 37.72 37.89 38.16 38.18 34.28 32.82

SAUDI CERAMIC 37.60 37.33 37.41 37.46 37.53 37.61 37.66 37.73 39.18 38.72 44.49

SAUDI GROUND 48.57 48.06 48.29 48.43 48.66 48.89 49.03 49.26 49.06 45.83 48.29

SAUDI KAYAN PETR 6.39 6.16 6.24 6.29 6.36 6.44 6.49 6.56 6.52 5.78 6.62

SAUDI PAPER MAN 12.33 12.08 12.17 12.23 12.33 12.42 12.48 12.58 13.22 13.45 15.14

SAUDI PRINTING 19.91 18.87 19.23 19.46 19.82 20.18 20.41 20.77 20.48 20.64 20.57

SAUDI RESEARCH 41.97 39.99 40.75 41.23 41.99 42.75 43.23 43.99 43.60 42.41 38.52

SAUDI TELECOM CO 63.95 62.98 63.46 63.76 64.23 64.71 65.01 65.48 63.43 64.25 64.24

SAUDI TRANSPORT 51.75 50.58 50.97 51.20 51.58 51.97 52.20 52.58 53.25 52.59 56.08

SHAMS 33.09 31.36 31.90 32.23 32.76 33.30 33.63 34.16 35.44 35.86 35.96

THIMAR 31.36 29.99 30.45 30.73 31.19 31.65 31.93 32.39 32.66 32.96 35.31

TIHAMA 33.52 29.71 30.85 31.56 32.71 33.85 34.56 35.71 35.21 36.03 33.24 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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