NCB Capital Daily Technical Report

24th May 2021

Market Analysis
Trend
Last session the Market Index closed 10,343.86 points, and we are expecting the Index to move upward.
Buy Hence we see it is a buy level with stop loss below 9,750.00 points testing the resistance levels at
10,750.00 points then 10,900.00 points.

TASI Index Summary

Last Close 10,343.86

Net Change +4.01

Change +0.04%

High 10,367.67

Low 10,307.83

Volume 356,676,036.00

Traded Volume 10,214,953,892.43

S2 S1 Pivot Point R1 R2

YTD % 19.04%
10,279.95 10,311.9 10,339.79 10,371.74 10,399.63

Stocks Resistance & Support-Top by Market Cap

Resistance & Support (SAR)
Stock Change
S2 S1 R1 R2

SAUDI ARAMCO 0.00% 35.32 35.38 35.48 35.52

SABIC -0.17% 120.13 120.47 121.27 121.73

AL Rajhi -0.79% 98.47 99.53 101.83 103.07

NCB -0.74% 53.37 53.63 54.33 54.77

STC -0.17% 119.53 120.27 121.47 121.93

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copy, distribute, transmit, display, perform, reproduce, publish, or otherwise use in whole or in part any information obtained from this report 1
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NCB Capital Daily Technical Report

Technical Recommendation

Saudi Re for Cooperative Reinsurance Co 8200

Buy At 14.54 SAR

Stop Loss 14.00

Target 1 14.90

Target 2 16.00

Batic Investments and Logistics Co 4110

Buy At 37.50 SAR

Stop Loss 36.00

Target 1 38.50

Target 2 41.00

Glossary

Stop Loss The price below which investors should close their positions.

Re-buy The price at which investors should sell 50% of their positions and buy back if the stock hits the stop
loss.

Target 1 The first price where investors should realize their gains, if the stock reaches this level Investors who
will take the decision to keep the stock should consider the target 1 as the new stop loss.

Target 2 The second price where investors should realize their gains, if the stock reaches this level.

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copy, distribute, transmit, display, perform, reproduce, publish, or otherwise use in whole or in part any information obtained from this report 2
without NCB Capital prior written approval and consent
NCB Capital Daily Technical Report

Disclaimer
The authors of this report hereby c ertify that the views expressed in this document acc urately reflect their personal views regarding the sec urities and companies that
are the subject of this document. The authors also certify that neither they nor their respective spouses or dependents (if relevant) hold a beneficial interest in the
sec urities that are the subject of this document. Funds managed by NCB Capital and its subsidiaries for third parties may own the sec urities that are the subjec t of this
doc ument. NCB Capital or its subsidiaries may own securities in one or more of the aforementioned c ompanies, or funds or in funds managed by third parties The
authors of this document may own securities in funds open to the public that invest in the securities mentioned in this doc umentas part of a diversified portfolio over
which they have no discretion. The investment banking division of NCB Capital may be in the process of soliciting or exec uting fee earning mandates for c ompanies
that are either the subjec t of this document or are mentioned in this document.

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reproduc ed or redistributed to any other person. This doc ument is not intended as an offer or solicitation with respec t to the purc hase or sale of any sec urity. This
doc ument is not intended to take into ac count any investment suitability needs of the recipient. In partic ular, this doc ument is not c ustomized to the specific
investment objec tives, financ ial situation, risk appetite or other needs of any person who may receive this document. NCB Capital strongly advises every potential
investor to seek professional legal, ac counting, tax and financial guidanc e when determining whether an investment in a sec urity is appropriate to his or her needs.
Any investment recommendations c ontained in this document take into acc ount both risk and expected return. Information and opinions c ontained in this doc ument
have been c ompiled or arrived at by the author are from sources believed to be reliable, but NCB Capital has not independently verified the c ontents of this
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All right, title and interest of this research report and all content contained herein is the exclusive property of NCB Capital. You may not modify,
copy, distribute, transmit, display, perform, reproduce, publish, or otherwise use in whole or in part any information obtained from this report 3
without NCB Capital prior written approval and consent