The document provides a daily market summary and analysis of the Qatar stock market. It discusses the performance of the QSE Index, noting it reached a resistance level of 9,000 and closed at 8,975.82 up 2.57%. It also analyzes several stocks, including QEWS, noting the stock price is forming an inverse head and shoulders pattern and may break out above QR184. The summary also includes charts and technical indicators to analyze market and stock price movements.

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Daily Technical Trader – Qatar
Tuesday, 09 January 2018
Today’s Coverage
Ticker Price Target
QEWS 183.00 192.00
QSE Index
Level % Ch. Vol. (mn)
Last 8,975.82 2.57 9.8
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 9,000 9,250 9,600
Support 8,850 8,600 8,500
QSE Index Commentary
Overview:
The Index had a strong rally, reaching the
psychological resistance level of 9,000. At
this point, the Index met its 200 daily
moving average which may act as a
resistance against the current strength.
Expected Resistance Level: 9,000
Expected Support Level: 8,850
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 08 Jan 07 Jan %Ch.
Value Traded (QR mn) 411.4 203.5 102.1
Ex. Mkt. Cap. (QR bn) 493.7 482.1 2.4
Volume (mn) 15.2 8.0 91.0
Number of Trans. 6,694 3,567 87.7
Companies Traded 43 42 2.4
Market Breadth 30:12 32:9 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 15,051.92 2.6 82.1
All Share Index 2,567.51 2.5 80.8
Banks 2,817.88 2.5 80.8
Industrials 2,731.39 2.6 76.2
Transportation 1,905.09 3.0 81.6
Real Estate 1,995.16 2.6 71.4
Insurance 3,654.60 5.2 65.3
Telecoms 1,142.17 1.8 68.2
Consumer Goods 5,092.81 -0.3 74.4
Al Rayan Islamic 3,614.55 1.5 80.6
Source: Bloomberg
RSI 14 (Overbought)
Ticker Close 1D% RSI
QGTS 17.69 4.3 85.5
QIIK 59.00 1.7 83.1
MARK 41.90 3.2 82.5
UDCD 15.31 3.4 80.3
MPHC 13.95 2.2 78.3
Source: Bloomberg
RSI 14 (Oversold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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QATAR ELECTRICITY & WATER CO. (QEWS)
Price % Ch. Volume
Last 183.00 1.61 150,794
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 184.00 192.00 208.00
Support 173.00 170.00 162.00
Commentary
Overview:
The price is possibly creating an inverse
Head and Shoulders formation, which is a
bullish reversal formation. That being
said, the formation has not been
confirmed and will be probably confirmed
once the below mentioned condition is
met.
Expected Target Price: QR192.00 –
QR208.00
A price breakout above QR184.00 triggers
the buy idea.
Suggested Stop-Loss Price: QR173.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Support and Resistance Levels 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
QSE Index 8,975.82 8,692.99 8,774.02 8,824.08 8,905.11 8,986.14 9,036.20 9,117.23 8,109.92 8,317.68 9,047.85
Total Return 15,051.92 14,577.64 14,713.52 14,797.47 14,933.35 15,069.23 15,153.18 15,289.06 13,599.85 13,948.25 15,155.93
All Share 2,567.51 2,486.76 2,509.90 2,524.19 2,547.32 2,570.46 2,584.75 2,607.88 2,278.99 2,346.95 2,559.58
Al Rayan Islamic 3,614.55 3,547.68 3,567.84 3,580.29 3,600.46 3,620.62 3,633.07 3,653.24 3,170.97 3,292.40 3,594.61
Banks & Financials Services
MARK 41.90 40.22 40.70 41.00 41.48 41.96 42.26 42.74 35.79 36.64 39.23
CBQK 29.20 28.24 28.52 28.68 28.96 29.24 29.40 29.68 27.21 28.17 29.42
DHBK 30.46 30.01 30.16 30.26 30.42 30.57 30.67 30.83 27.65 28.45 29.68
QIBK 99.98 97.07 97.91 98.42 99.25 100.09 100.60 101.43 95.10 94.09 96.07
QIIK 59.00 57.33 57.83 58.14 58.63 59.13 59.44 59.93 49.90 51.19 55.62
Insurance
QATI 55.88 52.03 53.13 53.81 54.92 56.02 56.70 57.81 45.24 51.56 60.69
Consumer Goods & Services
MCGS 74.25 71.60 72.88 73.67 74.96 76.24 77.03 78.32 60.98 65.98 78.10
Industrials
IQCD 101.60 97.07 98.38 99.20 100.52 101.83 102.65 103.97 94.69 93.44 98.01
QEWS 183.00 177.13 178.97 180.10 181.93 183.77 184.90 186.73 175.33 178.85 191.74
GISS 18.40 17.48 17.82 18.03 18.37 18.71 18.92 19.26 16.61 17.68 20.74
QIGD 39.39 36.14 37.09 37.68 38.63 39.58 40.17 41.12 30.47 34.70 44.61
Real Estate
BRES 33.76 33.01 33.27 33.43 33.69 33.95 34.11 34.37 29.81 30.72 32.30
UDCD 15.31 14.65 14.87 15.00 15.22 15.44 15.57 15.79 13.32 14.05 16.23
ERES 12.49 11.90 12.07 12.18 12.34 12.51 12.62 12.78 9.64 10.10 12.05
MRDS 9.05 8.92 8.97 9.01 9.07 9.12 9.16 9.22 7.74 8.67 10.32
Telecommunication
ORDS 95.43 92.21 93.24 93.88 94.91 95.94 96.58 97.61 86.43 86.03 92.67
VFQS 8.10 8.03 8.06 8.09 8.13 8.16 8.19 8.23 7.08 7.64 8.28
Transportation
QGTS 17.69 16.71 16.99 17.17 17.45 17.73 17.91 18.19 14.73 15.39 17.24
QNNS 57.60 55.31 55.96 56.37 57.03 57.68 58.09 58.75 51.58 54.95 62.70
Source: 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 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.

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Contacts:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar, CFA, CAIA 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
Mohamed Abo Daff Ahmed El-Khudary Feras Al-Sarraj
Senior Research Analyst Head of Trading Head of Sales
Tel: (+974) 4476 6589 Tel: (+974) 4476 6533 Tel: (+974) 4476 6514
mohd.abodaff@qnbfs.com.qa ahmed.elkhudary@qnbfs.com.qa feras.alsarraj@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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