23-Dec-13

Trend

EGX(30) Index

Close
6,736.27

Chg
-11.80

% Chg
-0.17%

S/L
6,400

Daily Trading Stocks Stock Name

Reuters Code COMI ADIB SAUD ESRS ASCM SKPC EFIC MICH SVCE UEGC GGCC EKHO HRHO CCAP PIOH JUFO IFAP

Last Trade 32.70 8.45 11.00 15.27 12.09 17.15 11.46 6.78 4.84 1.98 19.38 0.90 8.80 3.54 5.42 14.80 3.17

Current 4 Weeks Trend

Suggested Trading Strategy Closed Hold Trade Range Closed Hold Hold Closed Closed Hold Closed Closed Closed Hold Closed Closed Closed Closed

Current 4 Months Trend S1 n/a 8.15 11.00 n/a 11.00 17.00 n/a n/a 4.75 n/a n/a n/a 8.15 n/a n/a n/a n/a

Trading Triggers Support S2 n/a 7.90 n/a n/a 10.00 15.90 n/a n/a 4.10 n/a n/a n/a 7.75 n/a n/a n/a n/a Resistance R1 n/a 8.40 13.00 n/a 14.00 19.00 n/a n/a 5.40 n/a n/a n/a 9.30 n/a n/a n/a n/a R2 n/a 10.00 n/a n/a 15.45 20.00 n/a n/a 6.00 n/a n/a n/a 9.95 n/a n/a n/a n/a

Trailing S/L n/a 8.00 10.80 n/a 10.80 16.80 n/a n/a 4.70 n/a n/a n/a 8.00 n/a n/a n/a n/a

Banks
Commercial International Bank Abu Dhabi Islamic Bank Al Baraka Bank

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Basic R esources
El Ezz Steel Rebars Asek Company for Mining

Chem icals
Sidi Kerir Petrochemicals Egyptian Financial & Industrial Misr Chemical Industries

Construction & Building M aterials
South Valley Cement Last session, EGX(30) Index closed at (6,736.27) losing 11.80 points nearly 0.17% on moderate volume recording (97,716,906) shares. Upper Egypt Contracting Giza General Contracting

Financial Services excluding Banks "The Stock M arket's Generals Are R etreating" .........................................
The session closed on a negative note. Technical cracks in large-cap stocks hint that they may lead the stock market lower on the near term horizon. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (6,450 - 6,750) zone. S/L adjusted to 6,400. Egyptian Kuwaiti Holding Egyptian Financial Group Citadel Capital Pioneers holding

Food I ndustry & M ills
Juhayna Food Industries International Agricultural Products

Traders are advised to keep track of Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays  Trend is up.  Trend is down.  Trend is flat.

The recommendations in this report are subject to change without prior notice.
Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 1 of 2

Buy Sell Buy Dips Sell Rallies Hold

Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.

Accumulate Reduce Trade Range S/L Hit

Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.

Take Profit
Closed

Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.

Normalized Relative Strength Analysis "YTD"

Daily Trading Stocks Stock Name El Sewedy Cables Maridive & Oil Services Co. Egyptian Electrical Cables Canal Shipping Agencies Real Estate T M G Holding Six of October Dev. & Inv. Co. (SODIC) Palm Hills Development Heliopolis Housing El Kahera Housing & Development United Housing & Development Egy. Housing Dev. & Reconstruction

Reuters Code SWDY MOIL ELEC CSAG TMGH OCDI PHDC HELI ELKA UNIT EHDR ELSH GTHE ETEL OTMT RAYA ACGC APSW SPIN

Last Trade 31.25 1.01 0.80 11.77 6.13 22.49 2.67 24.53 7.86 14.40 3.30 4.50 4.72 13.75 0.76 6.70 4.47 3.25 1.22

Current 4 Weeks Trend

Suggested Trading Strategy Closed Closed Closed Hold Closed Closed Hold Closed Closed Closed Hold Hold Hold Hold Trade Range Closed Closed Closed Closed

Current 4 Months Trend S1 n/a n/a n/a 10.70 n/a n/a 2.45 n/a n/a n/a 3.05 4.20 4.50 13.10 0.65 n/a n/a n/a n/a

Trading Triggers Support S2 n/a n/a n/a 8.90 n n 2.10 n/a n/a n/a 2.60 3.85 4.30 12.10 0.55 n/a n/a n/a n/a Resistance R1 n/a n/a n/a 13.00 n/a n/a 2.75 n/a n/a n/a 3.55 4.80 4.80 14.25 0.70 n/a n/a n/a n/a R2 n/a n/a n/a 13.90 n/a n/a 2.90 n/a n/a n/a n/a 5.10 5.20 15.00 0.80 n/a n/a n/a n/a

Trailing S/L n/a n/a n/a 10.50 n/a n/a 2.42 n/a n/a n/a 3.00 4.10 4.40 12.90 0.64 n/a n/a n/a n/a

(EGX30 Vs EGX70)

I ndustrial Goods, Services & Autom obiles

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Last session, EGX(30) Index closed at (6,736.27) losing 11.80 points nearly 0.17%, EGX(70) Index closed at (534.31) losing 0.88 points nearly 0.16%. EGX(30) index (YTD) is outperforming EGX(70) (middle panel - red line - below zero line). On the medium term horizon (QTD) EGX(70) is outperforming EGX (30) (lower panel - blue line - above zero line). On the short term horizon (WTD) EGX (70) is the underperformer (lower panel - green line). Accordingly, traders are advised to focus on "EGX(30)", unless exclusively recommended, while keeping track of Stop / Loss levels and taking all necessary action to protect profits / reduce loss. Relative strength analysis using EGX(30) as the base index, provides valuable information required for proper stock allocation.
Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays  Trend is up.  Trend is down.  Trend is flat.

El Shams Housing & Urbanization Telecommunications & Technology Global Telecom Holding Telecom Egypt Orascom Telecom Media & Tech. Raya Holding For Technology Textiles Arab Cotton Ginning Arab Polvara Spinning & Weaving Alex. Spinning & Weaving (SPINALEX)

The recommendations in this report are subject to change without prior notice.
Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 2 of 2

Buy Sell Buy Dips Sell Rallies Hold

Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.

Accumulate Reduce Trade Range S/L Hit

Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.

Take Profit
Closed

Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.

Research Team
Head of TA Research Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA

Sales Team
Head of Sales Yasser Alaa Tel: 02-27929041 Email:yalaa@aaisecurities.com Gulf Sales Tamer Safwat Tel: 02-27929042 Email:tsafwat@aaisecurities.com Institutional Sales Mohamed Mounir Tel: 02-27929043 Email:mmounir@aaisecurities.com

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