Another uptick on the TASI, but the volumes dropped slightly and we would like to see the traded volumes increase with the rises. It should be noted that the 6,000 resistance level has been breached marginally. Thus, be aware that the expected resistance is always around that number, not on it exactly

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Daily Technical Trader – KSA
Wednesday, 24 February 2016
Stock Covered Today
Ticker Price (SAR) 1
st
Target
SABB TAKAFUL 23.85 25.20
TASI All Share Index
Level % Ch. Vol. (mn)
Last 6,023.08 0.76 309.1
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 6,100 6,170 6,250
Support 6,000 5,900 5,750
TASI All Share Index Commentary
Overview:
Another uptick on the TASI, but the
volumes dropped slightly and we would
like to see the traded volumes increase
with the rises. It should be noted that the
6,000 resistance level has been breached
marginally. Thus, be aware that the
expected resistance is always around that
number, not on it exactly.
Expected Resistance Level: 6,100
Expected Support Level: 6,000
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 23 Feb 22 Feb %Ch.
Value (SAR bn) 6.3 6.3 0.5
Mkt. Cap. (SAR bn) 1,383.0 1,376.6 0.5
Volume (mn) 347.2 367.9 -5.6
Transactions 155,728 150,276 3.6
Companies Traded 167 167 0.0
Market Breadth 127:35 152:13 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 14,029.15 0.76 54.84
Petrochem 3,807.57 0.97 57.64
Cement 4,224.25 0.33 55.42
Retail 9,851.81 -0.15 49.76
Energy and Utilities 5,297.48 1.47 61.46
Agriculture and Food 7,325.39 1.25 50.69
Telecom 1,457.30 0.64 57.08
Insurance 1,043.91 -0.60 52.02
Multi-Investment 2,630.73 1.63 54.07
Industrial Invest. 5,750.18 0.65 58.94
Building and Const. 1,865.95 0.05 55.31
RE Development 5,182.88 0.89 52.23
Transportation 6,277.87 0.80 51.88
Media & Publishing 2,983.70 3.29 58.29
Hotel and Tourism 10,005.08 9.82 40.29
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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SABB TAKAFUL
Price (SAR) % Ch. Volume
Last 23.85 -2.45 3,975,059
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 24.25 25.20 27.40
Support 22.00 21.00 20.00
Commentary
Overview:
The name created the bullish Double-
Bottom price formation after it bounced
off the QR18.50 twice. The bounce proved
the strength of that support and the name
could move upwards. That been said, it
should be noted that the price could
experience some volatility and dips below
the current levels. Those dips might be
used for accumulation.
Expected Target Price: SAR25.20 –
SAR27.40
A price breakaway above SAR24.25
triggers the buy recommendation.
Suggested Stop-Loss Price: SAR21.00
(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 36.68 36.23 36.38 36.47 36.63 36.78 36.87 37.03 36.61 41.89 47.13
AL ALAMIYA COOPE 29.98 28.79 29.25 29.53 29.99 30.45 30.73 31.19 42.34 51.12 55.13
AL RAJHI BANK 53.95 53.48 53.67 53.79 53.98 54.17 54.29 54.48 50.65 51.17 56.38
AL TAYYAR TRAVEL 37.93 36.11 36.76 37.16 37.81 38.46 38.86 39.51 52.69 61.06 77.97
ALANDALUS PROPER 21.15 20.55 20.80 20.95 21.20 21.45 21.60 21.85 N/A N/A N/A
ALINMA BANK 13.26 13.02 13.10 13.14 13.22 13.30 13.34 13.42 13.52 14.31 17.94
ALINMA TOKIO MAR 19.32 18.31 18.73 18.99 19.41 19.83 20.09 20.51 19.70 19.82 22.54
ASH-SHARQIYAH DE 40.96 39.52 40.13 40.51 41.12 41.73 42.11 42.72 42.91 51.20 62.56
ASH-SHARQIYAH DE 40.96 39.52 40.13 40.51 41.12 41.73 42.11 42.72 42.91 51.20 62.56
BANK AL-JAZIRA 13.03 12.81 12.89 12.93 13.01 13.09 13.13 13.21 13.72 15.95 21.19
BUPA ARABIA 108.60 105.37 106.42 107.07 108.12 109.17 109.82 110.87 108.26 111.48 116.54
CO FOR COOPERATI 71.87 69.12 70.08 70.67 71.62 72.58 73.17 74.12 70.99 76.34 84.46
DAR AL ARKAN REA 4.63 4.51 4.55 4.57 4.61 4.65 4.67 4.71 5.37 5.92 7.13
EMAAR ECONOMIC C 12.64 12.25 12.38 12.46 12.60 12.73 12.81 12.95 12.47 11.33 12.55
ETIHAD ETISALAT 23.38 23.16 23.26 23.31 23.41 23.51 23.56 23.66 24.55 26.98 29.11
JABAL OMAR DEVEL 47.99 47.73 47.84 47.92 48.03 48.14 48.22 48.33 49.05 54.11 62.48
KNOWLEDGE ECON 11.86 11.42 11.57 11.67 11.82 11.97 12.07 12.22 12.48 14.16 19.16
MALATH INSURANCE 13.46 12.95 13.13 13.23 13.40 13.58 13.68 13.85 16.45 19.20 24.18
MEDITERRANEAN & 17.01 16.47 16.66 16.78 16.97 17.16 17.28 17.47 20.52 23.57 31.49
MOBILE TELECOMMU 5.92 5.74 5.80 5.83 5.89 5.95 5.98 6.04 6.87 8.02 9.42
NATIONAL COMM 39.01 38.47 38.66 38.78 38.97 39.16 39.28 39.47 43.57 48.22 55.11
NATIONAL COMM 39.01 38.47 38.66 38.78 38.97 39.16 39.28 39.47 43.57 48.22 55.11
NATIONAL SHIPPIN 36.80 34.53 35.22 35.65 36.33 37.02 37.45 38.13 40.57 42.42 44.04
RABIGH REFINING 9.25 9.02 9.09 9.14 9.22 9.29 9.34 9.42 10.10 12.55 16.74
SABB TAKAFUL 23.85 22.75 23.30 23.65 24.20 24.75 25.10 25.65 25.69 32.07 37.20
SABIC 72.54 70.68 71.25 71.61 72.18 72.75 73.11 73.68 71.24 78.41 85.91
SAPTCO 11.27 10.82 10.96 11.04 11.17 11.31 11.39 11.52 12.90 16.33 20.53
SASCO 15.81 14.90 15.19 15.37 15.65 15.94 16.12 16.40 17.18 20.43 23.85
SAUDI ARABIAN MI 32.59 32.13 32.36 32.50 32.73 32.96 33.10 33.33 31.18 31.61 35.21
SAUDI CERAMIC CO 37.46 36.29 36.67 36.90 37.29 37.67 37.90 38.29 40.22 47.84 61.25
SAUDI GROUND SER 42.14 41.31 41.58 41.75 42.01 42.28 42.45 42.71 41.24 48.61 N/A
SAUDI KAYAN PETR 4.90 4.73 4.79 4.83 4.88 4.94 4.98 5.03 5.70 7.11 8.73
SAUDI PAPER MANU 14.64 12.91 13.45 13.78 14.31 14.85 15.18 15.71 14.80 16.46 19.38
SAUDI PRINTING & 21.55 18.95 19.69 20.16 20.90 21.64 22.11 22.85 21.68 21.00 19.34
SAUDI RESEARCH A 43.80 38.20 39.80 40.80 42.40 44.00 45.00 46.60 47.21 37.34 26.77
SAUDI TELECOM CO 65.75 65.25 65.44 65.56 65.75 65.94 66.06 66.25 63.90 64.50 65.32
SAUDI TRANSPORT 53.73 50.58 51.72 52.43 53.58 54.72 55.43 56.58 57.84 59.30 62.37
SHAMS 37.03 36.01 36.39 36.63 37.01 37.39 37.63 38.01 36.69 36.04 39.82
THIMAR 34.54 32.98 33.51 33.85 34.38 34.91 35.25 35.78 34.30 37.06 51.38
TIHAMA 38.95 34.58 35.88 36.68 37.98 39.28 40.08 41.38 28.50 30.40 54.13
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
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