26-Jan-14

Trend

EGX(30) Index

Close
7,233.38

Chg
53.84

% Chg
0.75%

S/L
6,950

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 33.07 8.33 11.71 16.35 12.15 17.28 12.00 6.90 5.13 1.96 21.72 0.99 10.87 3.80 7.10 14.80 4.80

Current 4 Weeks Trend

Suggested Trading Strategy Hold Hold Closed Hold Hold Hold Closed Hold Hold Sell Closed Closed Hold Hold Hold Buy Closed

Current 4 Months Trend S1 31.50 8.15 n/a 15.00 11.00 17.00 n/a 6.70 4.75 1.60 n/a n/a 9.90 3.35 6.00 14.00 n/a

Trading Triggers Support S2 28.40 7.90 n/a 13.62 10.00 15.90 n/a 6.30 4.10 1.50 n/a n/a 8.15 3.05 5.30 13.50 n/a Resistance R1 35.00 8.40 n/a 17.00 14.00 19.00 n/a 7.40 5.40 1.90 n/a n/a 9.95 3.75 6.25 16.00 n/a R2 37.00 10.00 n/a 18.00 15.45 20.00 n/a 8.00 6.00 2.05 n/a n/a 11.35 4.30 7.50 n/a n/a

Trailing S/L 31.10 8.00 n/a 14.80 10.80 16.80 n/a 6.60 4.70 -n/a n/a 9.80 3.30 5.90 13.80 n/a

Banks
Commercial International Bank Abu Dhabi Islamic Bank Al Baraka Bank

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 (7,233.38) gaining 53.84 points nearly 0.75% on high volume recording (281,818,591) shares. Upper Egypt Contracting Giza General Contracting

Financial Services excluding Banks

Egyptian Kuwaiti Holding

"Bulls Back I n Control" .............................................................................

The session closed on a positive note on high trading volume. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (6,900 7,400) zone. S/L adjusted to 6,950 level.

Egyptian Financial Group Citadel Capital Pioneers holding

Food I ndustry & M ills

Juhayna Food Industries 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.

International Agricultural Products

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 32.50 1.06 1.05 12.64 7.07 22.33 2.84 24.30 8.50 13.95 3.54 4.76 5.18 14.70 1.15 7.05 4.45 3.39 1.40

Current 4 Weeks Trend

Suggested Trading Strategy Hold Closed Buy Dips Hold Buy Dips Closed Hold Closed Hold Closed Closed Closed Hold Closed Closed Hold Hold Closed Closed

Current 4 Months Trend S1 30.50 n/a 1.00 10.70 6.55 n/a 2.60 n/a 7.40 n/a n/a n/a 5.00 n/a n/a 6.00 4.30 n/a n/a

Trading Triggers Support S2 28.00 n/a 0.90 8.90 6.05 n/a 2.45 n/a 6.30 n/a n/a n/a 4.65 n/a n/a 5.35 4.05 n/a n/a Resistance R1 34.00 n/a 1.15 13.00 8.50 n/a 2.90 n/a 9.00 n/a n/a n/a 5.20 n/a n/a 7.00 5.00 n/a n/a R2 36.00 n/a 1.20 13.90 n/a n/a 3.10 n/a n/a n/a n/a n/a 5.80 n/a n/a 7.80 5.50 n/a n/a

Trailing S/L 30.10 n/a 0.99 10.50 6.40 n/a 2.57 n/a 7.30 n/a n/a n/a 4.90 n/a n/a 5.90 4.20 n/a n/a

(EGX30 Vs EGX70)

I ndustrial Goods, Services & Autom obiles

Last session, EGX(30) Index closed at (7,233.38) gaining 53.84 points nearly 0.75%, EGX(70) Index closed at (565.15) gaining 3.93 points nearly 0.70%.

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)

On the medium term horizon (4 months) EGX(30) is outperforming EGX(70) (lower panel - blue line - below zero line). On the short term horizon (4 weeks) EGX (30) is the outperforming EGX(70) (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.

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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