Saudi Stock Market Report - GulfBase.com · Agriculture slumping more than 5.0% each and were the among the top losers of the day. The large cap, SAVOLA Group and Almarai ... Energy

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Saudi Stock Market Report

3 October 2011

Market Snapshots

TASI Intra-day Movement Market Commentary

Source: Tadawul Stock Exchange, Official Website

Saudi market trading flat as investors continue to play

safe…

The Saudi market continued to trade in a narrow range as investors

largely avoided fresh positions in the event of an increasingly grim

global economic outlook. The Saudi bourse seems to be factoring in

the sluggish global growth and possibility of a sovereign debt default by

Greece. The Tadawul All Share Index in a largely flat trading on

Sunday ended at 6,112.41, dipping 4.3 points, after attempting a failed

pullback. Out of the total fifteen sectors, five sectors closed in the

positive territory with the market breadth being negative in the ratio of

67:58. The bourse’s turnover crossed SAR 5bn mark at SAR 5.32bn,

with a total of 234.0mn shares changing hands.

The Petrochemical Sector reported a minor drop, held up by Ministry of

Petroleum statement that the oil markets are currently balanced in

Saudi Arabia. Heavy-weight SABIC slipped 0.3% to SAR 91.50. Petro

Rabigh and SIIG rose more than 1.0% each. The Banking Sector

closed in flat mode, down 0.1%, with Al Rajhi and SAMBA closing

unchanged. Riyad Bank dropped 0.4%. The Cement Sector added

0.3% whilst the Retail Sector dipped 0.3%. The Retail stock, Thim’ar

(down 3.7%), was the top loser in the sector. The Agriculture & Food

Sector slumped 1.3%, with Jouff Agriculture, NADEC and Tabuk

Agriculture slumping more than 5.0% each and were the among the

top losers of the day. The large cap, SAVOLA Group and Almarai

declined 1.2% and 0.3% respectively. Among the Telecom stocks

,STC and Mobily moved up 0.3% and 0.5% respectively whilst ZAIN

KSA and Almutakamela lost 0.8% and 0.4% respectively. The Multi-

Investment Sector slumped 1.1%, with Al Baha (down 9.9%) gave up

earlier gains and topped the losers list. The Multi-Investment and

Industrial Investment leaders, Kingdom Holding and Ma’aden, closed

unchanged. The state-controlled entity Saudi Electricity gained 0.8%.

The Insurance Sector (up 2.8%) was the top gainer of the day.

The Saudi market is currently trading in hope and despair mode. Signs

of slumping global economy is adding to despair whilst hopes are

currently pinned on the expected positive earning session. Volatility is

likely to remain in the Saudi market with Tadawul seeking direction

from global market trend on Monday.

Market Summary

Index Close

Value Traded (SAR) 5317007879.30

Volume 234,002,082

Trades 132,143

Symbols Traded 146

Market Breadth 58:67


Indices Summary

Index Close Change

% MTD

% YTD %

Tadawul All Share Index 6,112.41 -0.1 0.0 -7.7

Banks & Financial Services 14,242.26 -0.1 -0.2 -14.8

Petrochemical Industries 6,140.19 -0.1 -0.2 -5.8

Cement 4,724.83 0.3 -0.5 20.4

Retail 5,512.41 -0.3 0.1 11.9

Energy & Utilities 4,802.98 0.7 1.2 -4.3

Agriculture & Food Ind. 4,945.57 -1.3 0.4 -12.0

Telecom & IT 1,698.12 0.3 0.2 -11.6

Insurance 935.34 2.8 2.4 2.6

Multi-Investment 2,231.35 -1.1 1.5 -2.3

Industrial Investment 5,364.33 0.1 0.4 5.8

Building & Construction 2,979.15 -0.8 0.6 -10.3

Real Estate Development 2,385.96 -0.5 0.5 -13.5

Transport 2,455.59 -0.2 0.7 -23.2

Media and Publishing 1,736.77 -1.7 -2.3 19.0

Hotel & Tourism 5,182.81 -0.8 -0.1 6.2


Regional Market Statistics

Index Close Change % Volume (‘000) Turnover (US$ ‘000)

No. of Trades MTD % YTD %

Abu Dhabi SM 2,535.84 0.1 48,301 15,376 685 0.1 -6.8

Dubai FM 1,429.73 -0.1 26,412 8,214 550 -0.1 -12.3

Kuwait SE 5,839.20 0.1 124,508 47,434 2,091 0.1 -16.0

Doha SM 1,176.89 -0.4 3,229 29,595 2,403 -0.4 -3.7

Muscat SM 5,594.23 -0.2 3,256 4,129 745 -0.1 -17.2

Bahrain SE 1,176.89 1.0 1,063 272 28 1.0 -17.8

Source: Official websites of the Regional Stock Exchanges

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3 October 2011

Market Movers & Shakers

Top Gainers Top Losers

Company Closing

Price (SAR)

Change %

Volume (mn)

Al Alamiya 38.50 10.0 2.80

Al Rajhi Takaful 50.00 9.9 1.92

Solidarity 19.45 9.9 12.94

ACE 46.70 9.9 2.48

ATC 89.50 9.8 1.19

Company Closing

Price (SAR)

Change %

Volume (mn)

Al Baha 18.25 -9.9 14.36

Jouff Agriculture 29.90 -5.7 2.33

NADEC 26.80 -5.3 1.41

Tabuk Agriculture 28.30 -5.0 5.49

FIPCO 34.50 -4.2 1.63

Volume Leaders Value Leaders

Company Closing

Price (SAR)

Change %

Volume (mn)

Qassim Agriculture 11.00 2.8 22.14

Alinma 9.35 -0.5 16.69

Al Baha 18.25 -9.9 14.36

Solidarity 19.45 9.9 12.94

SABIC 91.50 -0.3 6.88

Company Closing

Price (SAR)

Change %

Value (SAR ‘mn)

SABIC 91.50 -0.3 628.76

Al Baha 18.25 -9.9 280.37

Qassim Agriculture 11.00 2.8 247.00

Solidarity 19.45 9.9 241.67

Tabuk Agriculture 28.30 -5.0 158.47

52 Week New High / Low Stocks consistently gaining / losing over last three

trading sessions (Top 6)

Company Closing

Price (SAR)

New High (SAR)

New Low

(SAR)

Buruj 73.75 73.75

Company Current

Price (SAR)

3 Days Change

%

3 Days Avg. Volume

(mn)

Buruj 73.75 29.3 1.94

Maadaniyah 27.80 15.7 3.23

Al Alamiya 38.50 14.1 1.94

Almarai 85.50 -1.7 0.08

Petrochem 22.25 -2.0 1.08

Anaam Holding 59.25 -3.3 1.63

Sector Turnover (SAR ’mn) Sector Volume (mn)

1.79

0.50

1.07

33.18

2.927.2110.41

31.13

5.22

3.803.63

0.99

18.06

0.950.56

Banks & Financial Services Petrochemical Industries Cement

Retail Energy & Utilities Agriculture & Food Industries

Telecom. & Information Technology Insurance Multi-Investment

Industrial Investment Building & Construction Real Estate Development

Transport Media and Publishing Hotel & Tourism Source: Data pertaining to all the tables and charts in this page are taken from Tadawul Stock Exchange, Official Website

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3 October 2011

Saudi Technical Watch

The Tadawul on Sunday found

support at our suggested level

6,090 and closed below the 10

day DEMA (6,118). The Index is

finding strong support at the 40

day DEMA (6,044). The MACD

is in positive mode whilst the

CCI is giving flat signal. The

Head & Shoulder pattern on RSI

indicates unusual movement in

the coming sessions. The Saudi

Index is likely to take support at

6,090, 6,077 and 6,044 levels,

whilst it may face resistance at

6,118, 6130 and 6,151.

Symbol R2 R1 PP S1 S2

TASI 6,161.28 6,136.85 6,112.19 6,087.76 6,063.10

SABIC is facing strong

resistance at the 10 day DEMA

(91.80) whilst strong support is

found at 91.23. The MACD is in

a positive mode whilst the

Stochastic and the Williams %R

are giving negative signal.

Investors may buy the stock only

above 92.00, with a stop loss of

91.00, for a target of 94.20 and

95.30.


SABIC 92.50 92.00 91.50 91.00 90.50

Technical Outlook

Pivot Table

R: Resistance

S: Support

PP: Pivot Point

Tadawul All Shares Index

Technical Outlook

Pivot Table

Saudi Basic Industries Corp.

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3 October 2011


STC on Sunday hit an intra-day

high of 34.30, near to our

suggested first target of 34.35.

The stock closed above the 10

day DEMA (34.14). The

technical indicators such as the

MACD, the Stochastics and the

CCI are giving positive signal.

Investors may buy the stock,

with a stop loss of 34.20, for a

target of 34.70.


STC 34.50 34.40 34.20 34.10 33.90

Al Rajhi on Sunday formed a

Doji pattern and closed at the 10

and 20 day DEMAs (69.25). The

MACD is in positive mode whilst

the Stochastics is giving

negative signal. The CCI and

the RSI is in flat mode. Investors

may exit the stock, with a stop

loss of 70.00 (on a closing

basis), for a target of 67.70.


Al Rajhi 70.25 69.75 69.25 68.75 68.25

Technical Outlook

Pivot Table

Saudi Telecom Co.

Technical Outlook

Pivot Table

Al Rajhi Bank

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3 October 2011


Saudi Electricity on Sunday hit

our suggested stop loss of 13.50

and closed marginally below it.

The stock is trading above the

10 day DEMA (13.38) and is

facing resistance at 125 day

SMA (13.51). The MACD and

the CCI are in positive mode.

Investors may remain long, with

a stop loss of 13.35 for the

target of 13.70.


SECO 13.68 13.57 13.48 13.37 13.28

MA’ADEN on Sunday found

resistance at the 10 day DEMA

(25.55) and traded in the range

of Inside Bar pattern formed on

Saturday. The 200 day SMA

(25.23) is acting as support. The

MACD and the CCI are giving

mild negative signal. Risk takers

may buy the stock, with a stop

loss of 25.20 (on a closing

basis) for a target of 25.80 and

26.20.


MA’ADEN 25.80 25.60 25.40 25.20 25.00

Technical Outlook

Pivot Table

Saudi Electricity Co.

Technical Outlook

Pivot Table

Saudi Arabian Mining Co.

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3 October 2011

GCC Technical Watch

EMAAR on Sunday hit an

intraday high of 2.75, marginally

below our suggested buying

trigger of 2.76. The stock is

trading below the 20 day DEMA

(2.75) but at the 10 day DEMA

(2.74). The MACD and CCI are

in mild negative mode. Investors

may buy the stock only above

2.76, with a stop loss of 2.74, for

a target of 2.78 and 2.80.


EMAAR 2.77 2.75 2.74 2.72 2.71

ARTC on Sunday formed a Doji

pattern and is trading at the 10

and 20 day DEMAs. The stock is

facing resistance at the 40 day

DEMA (1.36). The MACD and

the CCI is in negative mode.

Investors may sell the stock,

with a stop loss of 1.36, for a

target of 1.32 and 1.30.


ARTC 1.36 1.35 1.34 1.33 1.32

Technical Outlook

Pivot Table

Emaar Properties (Dubai Financial Market)

Technical Outlook

Pivot Table

Arabtec Holding (Dubai Financial Market)

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3 October 2011

GCC Technical Watch

DANA on Sunday traded in the

range of Triangle pattern and

formed a Doji pattern at the

lower level. The MACD and the

short-term Stochastic is giving

positive signal whilst the RSI is

in flat mode. Investors may buy

the stock, with a stop loss of

0.54, for a target of 0.58.


Dana 0.56 0.55 0.55 0.54 0.54

IQCD on Sunday hit our

suggested stop loss of 122.75

and closed marginally below it.

The stock is trading at the 20

day DEMA (122.60) with the 40

day DEMA (121.55) acting as

strong support. The MACD is in

positive mode. Investors may

buy the stock, with a stop loss of

121.50 (on a closing basis), for a

target of 125.50.


IQCD 124.07 123.33 122.77 122.03 121.47

Technical Outlook

Pivot Table

Dana Gas PJSC (Abu Dhabi Securities Market)

Technical Outlook

Pivot Table

Industries of Qatar (Doha Securities Market)

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3 October 2011

GCC Technical Watch

KFIN on Sunday hit our

suggested stop loss of 910 and

closed at it. The stock is trading

above the 10 day DEMA

(908.56). The technical

indicators such as the MACD,

the CCI and the Stochastics are

in negative mode. Investors may

exit the stock and wait for our

next call.


KFIN 917 913 907 903 897

Technical Outlook

Pivot Table

Kuwait Finance House (Kuwait Stock Exchange)

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3 October 2011

Corporate News & Announcements

The Saudi Stock Exchange on Sunday announced that the number of free floated shares for all companies

have been revised as at the end of third quarter 2011. The revised number of free floated shares per

company is used in the calculation of Tadawul Indices and is effective from 01/10/2011.

The Saudi Stock Exchange on Sunday announced that the following companies and Sukuk have been

included to Tadawul Indices as the stock and Sukuk close prices as on 28/09/2011.

o Saudi Integrated Telecom Company

o United Wire Factories Company

o Saudi International Petrochemical Company Sukuk

(Source: Tadawul)

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3 October 2011

Tadawul Market Performance & Valuation Table

Company Current

Price Change

(%) MTD %

YTD %

52-Week Range

Volume (‘000)

Value (SAR ‘000)

Beta Dividend Yield (%)

PE EPS

(SAR) Free

Float (%) Market Cap (SAR ‘mn)

Price/ Revenue

P/B P/CF ROA (%)

ROE (%)

RIBL 23.50 -0.4 -0.6 -11.7 28.60 - 20.30 70 1,650 0.80 5.5 11.9 1.97 48.7 35,250 5.2 1.2 10.7 1.7 9.9

BJAZ 16.80 -0.3 0.0 2.1 20.35 - 14.00 157 2,631 0.97 0.0 41.5 0.40 67.8 5,040 6.0 1.1 17.8 -0.7 -4.6

SIBC 17.00 0.0 -0.3 -22.7 20.85 - 14.81 36 604 0.86 0.0 11.7 1.46 53.7 9,350 4.6 1.1 12.9 1.6 9.5

Saudi Hollandi 26.00 0.0 0.4 -11.6 33.70 - 24.50 11 295 0.76 0.0 10.6 2.45 29.3 8,600 3.8 1.3 9.5 1.6 11.8

Saudi Fransi 38.60 0.3 -0.5 -13.6 51.25 - 34.70 46 1,784 0.93 2.6 9.9 3.90 54.7 27,916 5.6 1.5 9.9 2.1 15.3

SABB 38.90 0.3 -1.3 -3.5 47.80 - 33.00 37 1,424 0.89 1.7 12.1 3.23 32.9 29,175 5.6 2.2 10.5 1.9 15.1

Arab National 27.40 -0.7 -1.4 -27.3 35.90 - 26.00 118 3,225 1.01 2.8 12.1 2.27 49.1 23,290 4.8 1.4 6.6 1.8 12.0

SAMBA 43.90 0.0 0.2 -28.3 64.50 - 42.10 71 3,116 0.93 3.8 9.3 4.70 50.6 39,510 5.5 1.5 8.4 2.2 15.9

Al Rajhi 69.25 0.0 0.0 -16.6 84.00 - 65.00 931 64,426 1.05 4.3 15.2 4.57 49.5 103,875 8.8 3.4 14.7 3.2 22.2

AL Bilad 18.35 0.3 0.3 -6.1 20.30 - 16.40 297 5,450 0.73 0.0 38.2 0.48 77.2 5,505 4.6 1.7 36.8 0.6 4.5

Alinma 9.35 -0.5 1.1 -11.0 11.00 - 8.75 16,690 155,503 0.75 0.0 52.4 0.18 69.9 14,025 14.4 0.9 N/A 0.8 1.6

CHEMANOL 11.65 0.4 1.7 -27.9 16.80 - 10.10 2,151 25,337 1.31 0.0 N/A N/A 50.0 1,405 1.9 1.0 28.1 1.3 2.8

Petrochem 22.25 -0.2 -0.9 -1.1 25.00 - 16.05 731 16,303 1.26 0.0 N/A N/A 17.5 10,680 N/A 2.2 N/A 0.1 0.5

SABIC 91.50 -0.3 -1.1 -12.6 114.00 - 82.50 6,879 628,765 1.48 3.8 10.2 8.95 22.6 274,500 1.6 2.1 14.5 8.1 20.6

SAFCO 183.00 0.7 0.5 14.6 194.25 - 142.25 82 15,094 1.05 6.6 14.1 13.01 37.3 45,750 10.5 6.3 21.6 49.9 57.3

Industrialization 39.50 -0.3 0.3 11.3 45.20 - 25.64 913 36,028 1.30 2.3 11.4 3.46 79.9 22,018 1.3 2.2 12.3 5.0 19.3

Alujain 18.95 0.0 1.3 -15.0 24.95 - 15.45 730 13,874 1.29 0.0 27.2 0.70 85.1 1,311 0.9 2.4 N/A 1.4 8.4

Nama Chemicals 9.45 -1.1 1.6 -15.2 12.75 - 8.20 3,231 30,897 1.17 0.0 35.4 0.27 100.0 1,215 1.6 0.7 N/A 1.3 2.1

SIIG 19.70 1.3 1.3 -9.4 28.00 - 15.80 1,368 26,896 1.31 2.5 14.4 1.37 88.5 8,865 1.8 1.5 18.2 2.4 10.6

Sahara Petrochemical 20.90 -0.2 0.0 -11.8 27.60 - 14.85 2,616 54,853 1.41 0.0 14.5 1.44 90.0 6,114 8.5 1.5 75.7 5.8 10.4

YANSAB 44.60 -0.5 -1.3 -6.3 53.50 - 37.50 1,170 52,258 1.36 0.0 35.0 1.28 39.7 25,088 N/A 2.8 N/A 11.1 28.7

Sipchem 18.05 -0.3 0.0 -35.1 26.09 - 15.86 2,726 49,412 1.27 5.0 13.4 1.35 82.1 6,618 2.3 1.0 N/A 4.0 7.8

Advanced 28.60 -0.7 -0.3 5.1 35.70 - 19.85 515 14,805 1.34 6.1 9.9 2.88 95.7 4,043 1.6 2.2 13.0 14.0 27.5

Saudi Kayan 17.15 -0.6 0.9 -10.9 20.30 - 13.95 6,326 109,177 1.37 0.0 N/A N/A 41.1 25,725 N/A 1.7 N/A -0.1 -0.2

Petro Rabigh 25.10 1.6 2.7 11.8 30.10 - 18.25 2,024 50,578 1.39 0.0 N/A N/A 17.4 21,988 0.5 2.7 N/A 0.3 1.3

Arab Cement 41.70 0.5 -0.2 21.9 47.50 - 24.80 165 6,843 0.80 2.4 10.4 4.00 71.2 3,336 3.8 1.3 11.8 7.7 12.8

Yamamah Cement 62.00 0.0 -1.6 20.4 66.75 - 42.00 100 6,171 0.75 6.5 12.0 5.18 87.4 8,370 6.2 2.6 11.1 19.2 22.2


http://www.tadawul.com.sa/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gDAxN3D0NnN19nAzMPzxBDC0cDKND388jPTdUPTs3TL8h2VAQALXJkxw!!/dl2/d1/L0lJSklLVUpDZ3BSQ2dwUkEvb0t3d0FBQVlRQUFFSUlnaUtNNHpsR0NrS1ZCQS9ZQnB4SkY3TjRrc2p5cjBzbnl2dy82XzAwNEdIMUNGTUMwNkhJVDFUTDAwMDAwMDAwLzdfTjBDVlJJNDIwT1RTQzAyUlQxUzFCUjMwRzUvdmlldy9zeW1ib2wvMjIxMC90YWJPcmRlci8x/#7_N0CVRI420OTSC02RT1S1BR30G5

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3 October 2011


Company Current

Price Change

(%) MTD %

YTD %

52-Week Range

Volume (‘000)

Value (SAR ‘000)


PE EPS

(SAR) Free


Price/ Revenue

P/B P/CF ROA (%)

ROE (%)

Saudi Cement 63.00 1.6 -0.4 26.5 66.50 - 43.50 59 3,685 0.78 6.3 13.4 4.69 86.4 9,639 6.1 3.4 8.0 14.9 24.9

Qassim Cement 68.00 0.0 -0.4 9.2 72.25 - 52.50 88 5,992 0.67 7.4 12.0 5.68 51.3 6,120 6.2 3.2 8.7 25.0 27.0

Southern Cement 72.75 -0.3 -0.7 18.8 77.75 - 57.00 8 605 0.58 6.2 13.6 5.35 44.2 10,185 6.9 3.9 N/A 25.8 28.8

Yanbu Cement 57.50 0.0 0.4 34.3 64.25 - 37.60 54 3,111 0.63 3.5 13.6 4.24 52.5 6,038 6.4 2.4 10.4 10.1 17.3

Eastern Cement 47.80 0.0 -0.2 5.5 52.00 - 41.00 40 1,915 0.62 7.3 12.3 3.88 68.1 4,111 5.1 2.1 9.7 14.9 16.5

Tabuk Cement 22.15 0.0 -0.4 19.1 26.90 - 16.00 76 1,691 0.64 4.1 15.4 1.44 94.7 1,994 6.5 1.9 11.3 10.2 12.5

Joufcmnt 14.45 -0.7 -0.3 18.4 18.50 - 9.20 1,468 21,221 1.11 0.0 24.8 0.58 50.0 1,879 N/A 1.4 N/A 4.4 5.7

A.Othaim Market 96.50 -1.0 0.0 23.7 104.00 - 68.00 15 1,451 0.75 3.1 12.3 7.85 51.0 2,171 0.6 4.7 17.8 11.4 38.5

Mouwasat 75.50 1.0 0.3 4.9 90.00 - 55.00 31 2,305 0.82 2.6 14.4 5.24 30.0 1,888 3.8 4.1 13.4 14.4 20.5

SASCO 14.45 -1.7 0.7 10.3 16.05 - 9.70 404 5,898 0.93 3.5 16.9 0.85 100.0 650 2.9 1.2 N/A 5.9 6.9

Thim'ar 22.40 -3.7 2.1 2.1 28.30 - 15.15 1,692 38,044 1.07 0.0 N/A N/A 100.0 224 3.9 8.2 N/A -21.0 -42.7

Fitaihi Group 12.15 -0.8 1.7 -1.2 13.85 - 8.55 1,063 12,891 1.04 0.0 20.3 0.60 79.5 608 3.0 0.9 30.6 4.3 4.6

Jarir 171.50 0.0 0.0 13.6 185.00 - 120.75 5 840 0.63 3.4 15.5 11.04 87.9 6,860 2.0 8.1 17.5 29.9 52.3

Aldrees 43.00 -0.9 0.7 -10.0 51.00 - 32.50 42 1,818 0.92 4.7 12.5 3.44 100.0 1,075 0.7 2.8 10.0 10.5 22.2

AlHokair 53.75 0.0 -1.8 25.0 57.25 - 32.00 103 5,542 1.04 4.7 10.9 4.95 51.0 3,763 1.1 3.2 12.6 15.2 29.3

Alkhaleej Trng 39.00 0.0 5.7 -12.9 40.20 - 26.40 484 18,753 0.85 1.0 15.0 2.59 41.3 780 1.7 2.8 9.2 10.6 18.6

Gas&Industrialization 18.05 0.3 1.4 -4.2 21.35 - 15.75 148 2,664 0.79 3.9 13.8 1.31 68.2 1,354 0.8 1.3 9.5 7.5 10.8

Saudi Electricity 13.45 0.8 1.1 -4.3 15.60 - 12.05 4,339 58,446 0.47 5.2 24.5 0.55 17.2 56,041 1.9 1.1 6.5 1.3 4.9

SAVOLA Group 25.80 -1.2 -0.8 -19.4 34.80 - 21.55 192 4,969 0.95 4.8 19.0 1.36 73.9 12,900 0.6 1.8 7.8 4.8 12.4

Food 23.10 -4.2 1.8 42.2 26.00 - 11.40 2,101 48,777 1.17 0.0 50.2 0.46 100.0 462 5.9 2.3 36.8 4.2 4.5

SADAFCO 41.40 -0.7 1.0 -2.1 49.40 - 32.90 189 7,905 0.98 7.2 10.0 4.16 58.2 1,346 1.2 1.8 10.8 12.1 17.8

Almarai 85.50 -0.3 -0.6 -23.5 214.00 - 81.25 52 4,449 0.76 2.6 15.2 5.62 44.8 19,665 2.7 3.2 6.1 9.3 20.9

Anaam Holding 59.25 -1.3 -2.5 45.2 65.00 - 29.50 1,239 72,951 0.46 0.0 68.3 0.87 100.0 646 3.1 5.1 N/A 3.8 7.5

HB 36.90 -2.4 1.9 -8.0 45.00 - 24.30 225 8,325 1.27 4.1 12.7 2.90 44.5 1,054 1.3 2.1 16.6 13.0 16.4

HERFY 75.25 -0.3 0.3 -4.7 63.25 - 51.00 20 1,493 0.82 1.8 16.7 0.00 30.0 2,032 N/A 5.0 N/A 25.0 33.0

NADEC 26.80 -5.3 2.3 2.7 30.20 - 19.00 1,408 38,369 0.90 0.0 82.5 0.32 48.8 1,608 1.1 1.6 10.2 1.1 2.6

Qassim Agriculture 11.00 2.8 12.8 20.9 12.25 - 7.25 22,138 247,003 0.98 0.0 N/A N/A 100.0 550 6.8 1.5 67.2 -1.3 -1.8

Tabuk Agriculture 28.30 -5.0 4.4 49.3 36.70 - 15.05 5,491 158,470 1.07 1.8 21.0 1.35 72.5 566 3.4 1.5 17.0 6.1 7.3


http://www.tadawul.com.sa/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gDAxN3D0NnN19nAzMPzxBDC0cDKND388jPTdUPTs3TL8h2VAQALXJkxw!!/dl2/d1/L0lJSklLVUpDZ3BSQ2dwUkEvb0t3d0FBQVlRQUFFSUlnaUtNNHpsR0NrS1ZCQS9ZQnB4SkY3TjRrc2p5cjBzbnl2dy82XzAwNEdIMUNGTUMwNkhJVDFUTDAwMDAwMDAwLzdfTjBDVlJJNDIwT1RTQzAyUlQxUzFCUjMwRzUvdmlldy9zeW1ib2wvMjI4MC90YWJPcmRlci8x/#7_N0CVRI420OTSC02RT1S1BR30G5

12


3 October 2011


Company Current

Price Change

(%) MTD %

YTD %

52-Week Range

Volume (‘000)

Value (SAR ‘000)


PE EPS

(SAR) Free


Price/ Revenue

P/B P/CF ROA (%)

ROE (%)

Saudi Fisheries 40.70 -3.1 -0.5 -22.5 51.25 - 18.31 1,163 47,921 1.12 0.0 N/A N/A 38.5 814 8.5 8.2 N/A -4.8 -9.0

Sharqiya Dev Co 45.30 -3.2 6.3 13.5 47.90 - 29.30 2,420 108,264 0.99 0.0 N/A N/A 100.0 340 9.4 4.3 N/A -1.4 -1.9

Jouff Agriculture 29.90 -5.7 3.5 -21.9 31.70 - 24.16 2,330 70,291 0.80 5.4 11.0 2.73 95.2 748 3.1 1.4 5.6 11.6 12.8

Bishah Agriculture 77.50 0.0 0.0 0.0 77.50 - 77.50 0 0 0.00 0.0 N/A N/A 100.0 388 N/A 6.9 N/A N/A N/A

Jazan Development 21.20 -1.9 7.9 58.2 23.10 - 12.75 2,301 48,386 0.98 0.0 N/A N/A 98.8 1,060 15.1 1.8 86.3 -2.2 -2.6

STC 34.30 0.3 0.9 -19.5 44.20 - 33.00 1,047 35,824 0.71 8.7 7.3 4.72 16.3 68,600 1.3 1.3 3.7 8.3 17.5

Etihad Etisalat 53.25 0.5 0.5 -3.6 57.00 - 41.50 606 32,253 0.88 3.8 7.8 6.80 58.5 37,275 2.1 2.3 8.0 14.8 29.1

ZAIN KSA 6.05 -0.8 -3.2 -21.9 8.30 - 5.25 4,468 27,146 1.10 0.0 N/A N/A 45.0 8,470 1.3 1.6 N/A -3.6 -18.4

Atheeb Telecom 7.75 0.0 0.0 -49.2 16.00 - 0.00 0 0 0.77 0.0 N/A N/A 35.0 775 N/A N/A N/A -11.1 411.8

Almutakamela 12.05 -0.4 0.4 N/A 13.30 - 9.70 6,040 73,004 0.00 0.0 N/A N/A 33.3 362 N/A N/A N/A N/A N/A

Tawuniya 53.25 -0.5 -0.9 -50.2 75.84 - 46.40 110 5,866 1.09 3.8 9.4 5.66 53.4 3,994 1.4 2.2 8.6 7.5 29.3

Malath Insurance 16.40 2.2 0.9 0.3 20.30 - 11.30 1,023 16,702 1.23 0.0 41.2 0.40 47.5 492 1.1 1.8 52.7 1.2 4.4

MEDGULF 25.90 0.4 0.0 -7.2 32.50 - 22.00 196 5,083 1.04 4.8 10.2 2.54 25.0 2,072 1.1 2.0 N/A 5.4 19.9

ALLIANZSF 24.10 4.8 3.4 11.8 26.60 - 12.90 462 11,017 1.27 0.0 N/A N/A 31.0 482 1.4 3.1 N/A -0.2 -1.8

SALAMA 34.00 0.6 -0.9 13.7 38.40 - 20.05 275 9,337 1.29 0.0 29.0 1.17 40.0 340 2.8 3.9 25.6 4.4 15.5

Walaa Insurance 18.50 4.5 3.6 7.9 22.00 - 10.70 615 11,020 1.28 0.0 N/A N/A 40.0 370 2.2 2.6 N/A -1.9 -5.7

Arabian Shield 20.40 2.3 2.8 2.3 24.90 - 12.85 317 6,376 1.23 0.0 26.4 0.77 40.0 408 2.2 1.8 N/A 2.6 6.9

SABB Takaful 20.60 5.1 3.3 17.4 21.45 - 11.05 4,015 81,477 1.28 0.0 N/A N/A 35.0 700 4.0 2.2 N/A 1.1 3.5

SANAD 17.80 1.7 0.8 2.9 21.50 - 11.00 656 11,614 1.26 0.0 N/A N/A 40.0 356 2.0 3.3 N/A -10.0 -36.6

SAICO 31.90 1.9 1.6 -4.5 36.60 - 20.30 839 26,635 1.32 0.0 N/A N/A 40.0 319 0.9 5.7 N/A -4.4 -50.6

Saudi Indian 32.30 0.9 1.3 8.8 40.40 - 19.05 369 11,893 1.39 0.0 N/A N/A 40.0 323 6.4 6.8 N/A -7.9 -30.5

Gulf Union 17.30 1.8 0.0 -3.1 20.60 - 10.70 911 15,480 1.06 0.0 N/A N/A 40.0 381 1.8 1.8 N/A 0.0 0.0

ATC 89.50 9.8 10.2 24.3 89.50 - 52.25 1,191 101,833 1.19 0.0 N/A N/A 26.5 895 499.7 13.9 N/A -1.0 -6.1

Al-Ahlia 30.50 1.7 0.3 -17.3 61.25 - 20.00 862 26,200 1.42 0.0 N/A N/A 40.0 305 1.5 9.8 N/A -2.2 -24.1

ACIG 29.70 1.4 -0.3 -13.4 37.30 - 20.65 660 19,440 1.40 0.0 N/A N/A 40.0 297 3.8 9.9 N/A -4.3 -22.0

AICC 23.00 0.4 -2.1 21.1 25.50 - 12.80 585 13,366 1.16 0.0 N/A N/A 40.0 460 2.6 2.7 N/A 0.4 1.7

Trade Union 23.60 1.5 -0.4 32.2 27.90 - 12.80 390 9,126 1.19 0.0 24.6 0.96 42.0 590 1.8 2.0 N/A 2.7 9.4

Sagr Insurance 22.95 2.5 -0.2 15.6 24.85 - 12.55 883 20,258 1.38 0.0 21.1 1.09 42.0 459 2.3 2.0 N/A 5.1 12.3

UCA 28.80 1.1 -1.4 4.0 35.40 - 21.50 634 18,221 1.06 0.0 8.1 3.56 40.0 576 0.8 2.0 N/A 5.1 23.9

Saudi Re 9.30 2.8 2.8 5.1 11.85 - 6.55 4,463 41,360 1.04 0.0 N/A N/A 40.0 930 14.7 1.0 N/A 0.0 0.0

Bupa Arabia 19.45 1.0 0.8 -8.9 24.65 - 13.40 842 16,316 1.28 0.0 23.6 0.82 40.0 778 0.4 1.8 N/A 1.7 7.6


13


3 October 2011


Company Current

Price Change

(%) MTD %

YTD %

52-Week Range

Volume (‘000)

Value (SAR ‘000)


PE EPS

(SAR) Free


Price/ Revenue

P/B P/CF ROA (%)

ROE (%)

Weqaya Takaful 30.80 5.5 5.1 46.3 31.90 - 12.40 4,988 152,169 1.41 0.0 N/A N/A 40.0 616 77.8 4.4 N/A -17.0 -23.7

ARCCI 50.00 9.9 11.6 43.7 50.75 - 21.50 1,922 92,487 1.31 0.0 N/A N/A 30.0 1,000 5.6 8.1 N/A -4.8 -25.3

ACE 46.70 9.9 11.2 35.0 49.60 - 20.50 2,478 112,482 1.24 0.0 N/A N/A 40.0 467 N/A 5.5 N/A -2.7 -2.9

AXA-Cooperative 33.10 1.2 -1.5 68.4 79.00 - 13.50 1,432 47,307 1.12 0.0 N/A N/A 40.0 662 2.1 3.6 N/A -1.1 -3.8

Gulf General 29.70 2.8 0.3 -42.3 29.00 - 10.00 1,875 55,762 0.94 0.0 N/A N/A 40.0 594 6.9 4.0 N/A -1.2 -3.5

Buruj 73.75 9.7 20.4 157.9 42.00 - 10.00 13 989 1.28 0.0 N/A N/A 40.0 959 48.2 10.4 N/A -4.9 -8.9

ALALAMIYA 38.50 10.0 11.3 44.2 38.50 - 17.80 2,800 103,163 1.26 0.0 N/A N/A 30.0 770 N/A 4.5 N/A -0.4 -0.4

Solidarity 19.45 9.9 8.4 19.3 13.25 - 12.10 12,938 241,666 1.38 0.0 N/A N/A 40.0 1,079 N/A 2.2 N/A -1.8 -1.9

WATANiYA 59.50 9.7 14.4 26.1 61.25 - 30.00 909 52,399 1.35 0.0 N/A N/A 30.0 595 11.3 7.3 N/A 2.6 9.7

AMANAINSURANCE 34.00 0.3 -0.6 113.8 46.60 - 13.50 2,491 85,161 0.98 0.0 N/A N/A 40.0 1,088 23.1 4.2 N/A -1.7 -3.6

SARCO 48.60 -1.0 0.6 35.0 56.25 - 25.80 510 24,927 1.24 1.0 61.9 0.79 100.0 729 51.0 1.8 N/A 2.5 2.6

Saudi Advanced 13.60 -2.2 2.3 0.0 17.25 - 9.90 2,025 27,967 1.20 0.0 N/A N/A 89.3 588 71.3 0.7 16.7 0.6 0.6

Al Ahsa for Dev. 10.05 -1.0 2.0 -9.0 12.80 - 8.30 2,227 22,525 1.08 0.0 9.8 1.03 100.0 492 5.0 1.0 66.3 8.7 10.5

SISCO 12.35 -3.1 2.1 -17.9 17.60 - 9.65 2,545 31,799 1.33 0.0 N/A N/A 83.1 840 2.5 1.2 31.0 0.0 0.1

Assir 12.90 2.8 7.1 -4.8 15.35 - 10.15 2,268 29,335 1.07 5.8 17.3 0.74 50.1 1,630 0.8 0.7 12.2 2.7 4.1

Al Baha 18.25 -9.9 -1.1 47.8 21.75 - 10.85 14,359 280,368 1.13 0.0 N/A N/A 100.0 274 1801.0 3.0 N/A -3.7 -4.6

Kingdom 7.40 0.0 -1.3 -9.8 10.85 - 6.55 245 1,821 0.95 6.8 42.3 0.18 5.0 27,424 7.7 1.0 55.9 1.6 2.4

BCI 24.90 -1.6 1.8 -11.1 31.00 - 20.35 214 5,322 1.24 4.0 10.6 2.34 78.6 685 1.2 1.7 8.6 9.5 15.9

MAADEN 25.40 0.0 -0.8 16.5 28.40 - 18.85 778 19,707 1.06 0.0 N/A N/A 36.1 23,495 25.5 1.4 47.1 0.1 0.2

Astra Indust 35.60 2.6 2.0 -8.7 42.60 - 26.00 700 24,628 1.19 4.2 9.8 3.63 31.1 2,639 2.6 1.7 N/A 9.9 15.8

AlSorayai Group 21.85 0.7 2.3 -4.2 27.50 - 19.80 746 16,214 0.78 4.6 10.4 2.11 30.0 656 0.7 1.5 N/A 5.6 14.4

SHAKER 64.00 0.0 0.0 5.3 71.50 - 44.90 21 1,349 0.94 4.7 12.8 5.00 30.0 2,240 N/A N/A N/A 12.2 28.5

Pharmaceutical 38.30 0.5 1.1 7.6 41.40 - 29.20 92 3,515 0.69 3.9 15.4 2.48 65.0 3,004 2.8 0.9 16.3 5.1 5.9

Glass 35.00 -0.6 -0.6 25.9 38.30 - 22.60 57 1,991 1.02 3.6 11.8 2.98 76.6 1,050 5.8 1.9 14.8 15.0 16.5

FIPCO 34.50 -4.2 1.8 19.4 43.00 - 20.35 1,635 56,908 1.04 2.9 17.4 1.99 85.3 397 2.1 2.7 N/A 11.8 15.8

Maadaniyah 27.80 4.9 15.4 -2.8 35.00 - 18.20 5,268 146,220 0.98 1.8 N/A N/A 64.5 710 2.2 2.0 22.5 0.4 0.6

Saudi Chemical 40.90 -0.5 -0.5 -1.7 49.90 - 33.80 327 13,392 0.97 8.6 8.5 4.81 97.0 2,587 1.5 1.9 8.2 13.6 21.9

SPM 37.60 1.1 3.0 -27.7 52.50 - 34.10 290 11,016 0.97 4.0 9.9 3.81 49.9 1,128 1.4 1.9 N/A 6.8 18.8

AlAbdullatif 24.70 0.4 0.8 -14.5 34.80 - 23.50 422 10,446 0.79 10.1 13.4 1.84 30.0 2,007 1.6 1.8 7.6 9.5 13.3

Saudi Export 26.50 -2.2 2.3 7.3 32.50 - 19.40 1,261 33,863 1.09 0.0 23.2 1.14 100.0 286 1.0 2.5 N/A 7.7 10.8


14


3 October 2011 Tadawul Market Performance & Valuation Table

Company Current

Price Change

(%) MTD %

YTD %

52-Week Range

Volume (‘000)

Value (SAR ‘000)


PE EPS

(SAR)

Free Float (%)

Market Cap (SAR ‘mn)

Price/ Revenue

P/B P/CF ROA (%)

ROE (%)

ASLAK 39.10 -2.49 3.35 - 41.00 - 33.7 2172 86906 0.00 - N/A - 30.0 1,238 - - - - -

MMG 21.80 -0.5 1.9 15.3 26.10 - 13.70 553 12,167 1.25 3.4 N/A N/A 46.2 2,725 1.3 1.8 13.6 -3.9 -8.9

SSP 23.80 0.9 0.8 -1.2 27.80 - 18.65 155 3,726 1.03 6.3 17.3 1.37 31.4 1,214 2.1 1.5 N/A 7.6 8.6

ALKHODARI 63.25 -0.8 -0.8 17.7 73.75 - 42.60 86 5,461 0.67 3.6 12.8 4.95 30.0 2,688 3.0 4.3 N/A 10.5 34.3

Ceramic 131.75 -0.8 -0.9 -10.7 153.50 - 114.00 11 1,456 0.91 2.7 14.3 9.19 63.6 3,294 3.6 4.1 11.6 11.3 21.9

Gypsum 28.00 0.0 1.1 -8.2 34.40 - 25.10 62 1,752 0.90 7.1 19.2 1.46 53.9 887 6.5 1.8 8.0 7.3 8.2

Cables 12.85 -1.5 0.0 -8.2 16.25 - 9.65 1,017 13,150 1.23 5.8 N/A N/A 81.2 977 0.4 0.9 4.9 -0.5 -1.6

Saudi Industrial 13.05 -1.9 0.4 41.1 16.50 - 7.90 2,853 37,791 1.03 0.0 N/A N/A 100.0 522 1.9 1.7 62.2 -0.3 -0.5

Amiantit 15.15 0.3 1.7 -26.3 21.25 - 13.55 2,133 32,384 1.21 9.9 12.3 1.24 87.5 1,750 0.6 1.1 3.4 3.2 8.8

Pipes 26.60 -2.2 0.4 -2.6 35.50 - 20.30 508 13,765 1.17 0.0 N/A N/A 85.8 838 3.7 1.1 14.4 -0.9 -1.7

Zamil Industrial 27.90 0.4 2.2 -20.3 48.00 - 25.10 1,468 41,297 1.18 5.4 9.4 2.96 75.6 1,674 0.4 1.3 3.6 3.1 13.4

AL Babtain 22.75 -1.1 1.1 -31.1 36.00 - 20.30 1,036 23,880 0.95 6.3 15.0 1.52 100.0 970 0.9 1.7 6.4 5.0 11.6

SVCP 59.50 -0.8 0.0 0.8 63.50 - 41.50 16 952 0.95 5.0 11.3 5.25 56.0 893 3.5 4.0 N/A 16.6 35.5

MESC 15.40 -2.5 1.3 -16.1 19.75 - 11.80 1,108 17,289 1.26 0.0 N/A N/A 48.0 616 0.6 1.5 7.1 -8.0 -29.9

Red Sea 42.80 -3.0 -2.5 -21.1 61.00 - 37.00 291 12,564 1.03 2.3 16.9 2.53 30.0 1,284 1.5 1.8 7.5 6.0 10.3

Real Estate 23.20 0.2 2.4 -11.5 26.90 - 19.75 62 1,424 0.94 5.4 13.6 1.71 30.6 2,784 5.9 0.9 25.0 6.0 6.5

Taiba 16.85 0.3 -0.3 9.1 17.80 - 14.00 160 2,691 0.71 4.2 21.7 0.78 69.0 2,528 7.7 0.9 24.3 3.6 4.6

Makkah 31.50 -0.3 0.6 4.7 33.80 - 27.00 31 966 0.72 4.8 17.9 1.21 83.5 5,192 14.1 1.6 22.3 7.7 8.7

Arriyadh Development 15.80 1.0 1.0 5.3 16.60 - 12.85 586 9,096 0.84 4.7 14.5 1.09 99.9 1,580 8.3 1.1 14.3 6.7 7.6

Emaar E .C 6.55 0.0 1.6 -7.7 8.15 - 5.55 3,142 20,466 0.98 0.0 N/A N/A 30.0 5,568 18.7 0.7 N/A -2.4 -4.4

Jabal Omar 12.00 -0.8 0.8 -31.0 16.75 - 11.00 1,047 12,580 0.75 0.0 N/A N/A 27.0 11,153 40118.0 1.7 N/A -0.4 -0.6

Dar Al Arkan 6.20 -0.8 -0.8 -31.1 10.35 - 6.05 2,514 15,710 1.10 16.1 5.6 1.10 61.5 6,696 1.8 0.4 3.1 5.0 7.9

KEC 7.50 -3.9 -0.7 -6.3 9.40 - 5.80 3,511 26,741 1.24 0.0 N/A N/A 30.1 2,545 41.0 0.8 N/A -0.1 -0.1

Shipping 11.85 0.0 0.9 -32.3 17.90 - 10.90 1,463 17,396 0.92 8.4 12.3 0.96 66.4 3,733 1.7 0.8 5.1 3.0 6.1

SAPTCO 7.35 0.0 0.7 0.0 9.45 - 6.35 1,437 10,565 0.80 6.8 33.5 0.22 83.6 919 1.2 0.7 5.3 2.5 3.1

Mubarrad 18.25 -1.6 1.4 28.1 19.00 - 10.75 1,472 26,780 1.06 0.0 N/A N/A 100.0 329 6.7 2.2 19.2 -63.4 -76.8

Budget Saudi 44.80 -0.7 -0.4 -18.9 62.00 - 35.60 94 4,201 1.06 5.0 8.5 5.27 43.6 820 1.5 1.8 2.6 10.2 20.7

Tihama 60.75 -2.0 -6.2 109.5 67.00 - 19.40 426 25,738 0.92 2.5 64.2 0.95 100.0 911 6.6 3.6 81.7 4.0 5.5

SRMG 17.05 -0.9 1.5 -9.1 20.90 - 13.95 69 1,181 0.86 5.9 15.9 1.07 60.5 1,364 1.3 1.1 14.0 3.9 6.7

SPPC 13.10 -2.6 -2.2 1.9 15.55 - 9.00 1,115 14,631 0.64 0.0 22.3 0.59 47.5 786 1.9 1.0 8.0 3.4 4.4

Hotels 28.80 0.0 -0.3 7.5 30.40 - 21.25 100 2,865 0.84 1.7 14.4 2.00 52.7 1,987 5.9 1.2 4.9 7.2 8.3

Shams 23.45 -3.9 1.1 0.9 28.60 - 17.00 1,428 33,850 0.89 0.0 N/A N/A 100.0 238 14.7 3.3 N/A 3.2 3.4


15


3 October 2011

Definition - Technical Indicators

Candlestick Patterns, Doji

DojiI is a form of candlestick pattern. It normally suggests major up and down movements. Trading above the Doji is positive for

the market. Trading below the Doji value indicates bearish momentum.

Hammer

A small body (white or black) near the high with a long lower shadow with little or no upper shadow. This indicates a bullish

pattern during a downtrend.

Inverse-black-hammer: a bottom reversal signal with confirmation the next trading day.

Moving Average, SMA (Simple Moving Average)

Normally we use the 10, 20, 50 and 125 day SMA to identify the trend. A cross-over of the short-term moving average with the

long-term moving average is positive for the market. The reverse is the case on the negative side.

DEMA - Double-smoothed Exponential Moving Average

We use the 10, 20 and 40 DEMA to identify a trend. A cross-over of the 10 and 20 DEMA gives a positive indication. A cross-

over of the 20 and 10 DEMA gives a negative indication. As long as a stock or index trades above the 40 DEMA, this gives a

positive indication for the stock or index. Trading below the 40 DEMA may create downside for a short time.

MACD - Moving Average Convergence and Divergence

The MACD has its own line period and another signal line; the dotted line indicates the signal line. When the MACD crosses the

signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.

RSI - Relative Strength Index

When the RSI remains below 30, it indicates that a market or sttock is in oversold territory. When the RSI is above 70, it

indicates that the market/stock is in an overbought level.

Price ROC

When the Price ROC is above zero it gives positive signals for an index or stock. When the price ROC is below zero, it gives a

negative signal for the index or stock.

Stochastic Oscillators

When Stochastic Oscillators are below zero, the stock is in an oversold zone and some bounce back is expected. When

Stochastic Oscillators are above zero, the stock is in an overbought zone and some correction is expected.

Williams %R

When Williams %R is above zero, the stock is in an overbought zone and some correction is expected. When Williams %R is

below zero, the stock is in an oversold zone and some bounce back is expected.

CCI (Commodity Channel Index)

While the CCI was originally designed for commodities, the indicator also works very well with stocks and mutual funds.

There are two methods of interpreting the CCI:

1. Looking for divergences: A popular method of analyzing the CCI is to look for divergences in which the underlying security is

making new highs while the CCI is failing to surpass its previous highs. This classic divergence is usually followed by a

correction in the security's price.

2. As an overbought/oversold indicator

The CCI usually oscillates between +/-100. Readings outside these ranges imply an overbought/oversold condition.

Fibonacci Retracements

Fibonacci Retracements are based on a trend line that we draw between a significant trough and peak. If the trend line is

rising, the retracement lines will project downward; if the trend line is falling, the retracement lines will project upward. The

number of Fibonacci Retracement levels appearing on the chart depends on the range of the y-axis. If we want to see all nine

retracement levels, we may need to manually adjust the minimum and maximum values of the y-axis. Major Fibonacci Levels

are 23.6%, 38.2%, 50%, 61.8% and 100%.

16


3 October 2011

Whipsaw

A whipsaw is a situation in which a share price heads in one direction, but then is followed quickly by a movement in the

opposite direction. The origin of the term is the push and pull action used by lumberjacks to cut wood with a type of saw of the

same name.

Gravestone Doji

In a Japanese Candle Stick chart, this is a doji candle where prices rallied but came back and closed at the level they started;

the open and close are equal.

Inside Bar

An inside bar is a bar, which is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the

bar immediately before it. An inside bar indicates a time of indecision or consolidation. On a smaller time frame, it will look like a

triangle. Inside bars often occur at tops and bottoms, in continuation flags, and at key decision points like major

support/resistance levels and consolidation breakouts.

Big Bar

A big bar is a bar, which is bigger than the preceding bar, i.e. it has a lower low and higher high than the bar immediately before

it. Normally, after, forming a big bar, for a coming few sessions, the stock may move in the range of the high and low of the big

bar. Breaking out or breaking down will give a fresh bullish or bearish pattern.

Higher High

This implies that today’s intra-day high is higher than the intra-day high(s) of the previous session(s).

Lower High

This implies that today’s intra-day high is lower than the intra-day high(s) of the previous session(s).

Higher Low

This implies that today’s intra-day low is higher than the intra-day low(s) of the previous session(s).

Lower Low

This implies that today’s intra-day low is lower than the intra-day low(s) of the previous session(s).

Triangle

This is a technical analysis pattern created by drawing trend lines along a price range that gets narrower over time because of

lower tops and higher bottoms. Variations of a triangle include ascending and descending triangles. Technical analysts see a

breakout of this triangular pattern as either bullish (on a breakout above the upper line) or bearish (on a breakout below the

lower line).

Standard Error Channel

Parallel lines drawn higher and lower from the Linear Regression Trend-line form Standard Error Channels. The distance at

which they are traced is a certain number of standard errors over or above the linear regression trend-line. The characteristic of

the price fluctuations is its movement from one extreme to another and it depends on the traders' common opinion. Prices trend

up in the optimistic market whether a pessimistic one causes prices reduction. The prices are drawn to a certain equilibrium

point existing for each issue. The location of such point can be found out by using the Linear Regression analysis whether

Standard Error Channel analysis presents the data about the cyclic direction of the prices as well as the forecasts for possible

trend changes.

Long Headed Doji Pattern

This is a bullish signal, particularly when around price support levels.

17


3 October 2011

Double Tops / Double Bottoms

A double top is simply two peaks. After the second peak is formed a breakout through the base is a signal of a possible

reversal of the trend in prices. In the case of a double bottom, two troughs form and an expectation follow for the possibility of a

trend reversal if the market price rises through the base. Waiting for confirmation is important for trading double tops or double

bottoms.

Three White Soldiers Formation

The Three White Soldiers formation indicates a bullish candlestick pattern that is used to predict the reversal of the current

downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day,

with each session's open occurring within the body of the previous candle.

Bullish Harami Cross Pattern

This is a Doji contained within a large black body. This is a bottom reversal signal.

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