ReportDate:20/02/2012

Al Arabi GCC Virtual Portfolio (GVP)

ReportNo.:

010

Contents:

Analysisofselectedstocks.
Supportandresistancelevels.
Stockstargetprice.
Stoplosslevelsforeachstock.
Riskandreturnanalysis.
Historicalresults

ResearchDivision

InvestmentManagementGroup
OmanArabBank
POBox2010,Ruwi,112,MuscatOman.
Tel:+96824827576
Fax:+96824827367
Website:http://www.oabinvest.com
Email: research@oabinvest.com

AlArabiGCCVirtualPortfolio
Supportandresistancelevelsarandomsamplestocksofregionalmarkets(updatedonweeklybasis)
Market

StockName

Current Purchase Target1

Name

Price

Price

Status

Target2

Status

Return Return Support

T1

T2

Stop
Loss

Risk

Recommendation
Date

A.OthaimMarket

KSA

92.50

92.50

95.50

97.25

3.24%

5.14%

91.50

90.00

2.7%

20Feb12

FIPCO

KSA

41.80

41.80

43.10

44.20

3.11%

5.74%

41.00

40.00

4.3%

20Feb12

HP

KSA

48.30

48.30

50.00

51.75

3.52%

7.14%

47.00

45.00

6.8%

20Feb12

PetroRabigh

KSA

23.05

23.05

23.90

24.50

3.69%

6.29%

22.50

22.00

4.6%

20Feb12

SABIC

KSA

95.00

95.00

97.75

99.00

2.89%

4.21%

94.25

90.75

4.5%

20Feb12

AXAInsurance

KSA

40.70

40.70

42.80

44.30

5.16%

8.85%

39.80

38.20

6.1%

20Feb12

BankMuscat

Oman

0.722

0.722

0.740

0.760

2.49%

5.26%

0.710

0.700

3.0%

20Feb12

GalfarEng.

Oman

0.345

0.345

0.360

0.365

4.35%

5.80%

0.335

0.330

4.3%

20Feb12

2.950

2.950

3.040

3.08

3.05%

4.41%

2.900

2.750

6.8%

20Feb12
20Feb12

AbuDhabiCommercialBank UAE
TheCommercialBank

Qatar

81.20

81.20

83.90

84.50

3.33%

4.06%

81.00

80.00

1.5%

QatarIslamicBank

Qatar

81.70

81.70

84.00

86.00

2.82%

5.26%

80.00

77.50

5.1%

20Feb12

QatarElectricity&WaterCo. Qatar

141.00

141.00

146.00

148.00

3.55%

4.96%

140.00

138.00

2.1%

20Feb12

Lastweekexpectationsfor12companies
Market

StockName

Highest Purchase Target1

Name

Price

Price

Status

Target2

Status

Return Return Support

T1

T2

Stop
Loss

Risk

Recommendation
Date

ATC

KSA

78.75

69.75

73.25 Achieved

75.50 Achieved

5.02%

8.24%

65.25

64.75

7.2%

13Feb12

SADAFO

KSA

57.75

52.25

54.75 Achieved

55.25 Achieved

4.78%

5.74%

50.50

49.75

4.8%

13Feb12

SaudiCement

KSA

86.50

82.75

85.25 Achieved

86.25 Achieved

3.02%

4.23%

80.00

79.00

4.5%

13Feb12

SaudiFisheries

KSA

40.00

37.30

39.40 Achieved

40.00 Achieved

5.63%

7.24%

36.00

35.00

6.2%

13Feb12

TabukCement

KSA

24.50

23.25

23.95 Achieved

24.50 Achieved

3.01%

5.38%

22.85

22.00

5.4%

13Feb12

YanbuCement

KSA

68.00

66.25

68.50 NearTo

69.00

3.40%

4.15%

63.75

63.00

4.9%

13Feb12

OmanCables

Oman

0.741

0.739

0.770 NearTo

0.800

4.19%

8.25%

0.720

0.700

5.3%

13Feb12

OIFC

Oman

0.192

0.191

0.197 NearTo

0.203

3.14%

6.28%

0.182

0.180

5.8%

13Feb12

Voltamp

Oman

0.390

0.390

0.410

0.420

5.13%

7.69%

0.380

0.370

5.1%

13Feb12

ArefEnergy

Kuwait

0.108

0.095

0.101 Achieved

0.103 Achieved

6.32%

8.42%

0.093

0.090

5.3%

13Feb12

DFM

UAE

0.910

0.838

0.880 Achieved

0.900 Achieved

5.01%

7.40%

0.770

0.765

8.7%

13Feb12

AlDarProperties

UAE

1.070

0.990

1.050 Achieved

1.070 Achieved

6.06%

8.08%

0.870

0.860

13.1%

13Feb12

(Week072012)

%Gain/Loss=7.00%

Achi eved Nea rTo

Los s es

HistoricalexpectationsWeekly
No.oftheWeek
Week072012
Week062012
Week052012
Week042012

ReportNo.
009
008
007
006

%Gain/LossforGVP
3.72%
4.76%
2.34%

AlArabiGCC50Index
0.18%
0.17%
2.29%
1.50%

BloombergGCC200
0.21%
0.17%
2.63%
1.32%

S&PGCCIndex
0.30%
0.26%
2.43%
1.61%

%Gain/LossforGVP
4.77%
2.61%

AlArabiGCC50Index
0.90%
0.29%

BloombergGCC200
0.89%
0.24%

S&PGCCIndex
1.05%
0.25%

7.00%

HistoricalexpectationsMonthly
No.oftheMonth
Month122011
Month012012
Month022012
Month032012
Month042012
Month052012
Month062012
Month072012
Month082012
Month092012
Month102012
Month112012
Month122012

ReportNo.
12
36
710

Note:
Support&Resistancefortheweekexpectations
StopLoss:theclientsshouldclose/decreasehispositionsifitexceedthislevel
Risk:differencebetweenpriceandsupport1
ReturnT1:differencebetweenPurchasingpriceandTarget1
ReturnT2:differencebetweenPurchasingpriceandTarget2
PricesareinCountriesrespectivecurrency

A.Othaim Market: The stock now move in upword trend to complete the ascending
trianglewithhighvolatility.Thepricenowisveryattractiveatthislevel.CurrentlytheRSI
above30.SoweexpectthenexttargettobeatSAR95.50.

MarketCap.
SAR2,081.3mn
P/E
13.87

52WkHigh
SAR106.25
P/B
3.92

52WkLow
SAR71.00
Div.Yield
3.24%

Filing&PackingMaterialsManufacturing:InlinewithOABtechnicalanalysis forFIPCO,
yesterday the stock changed its direction to the upword trend. There is accumulative at
thislevelsincethebeginningofthisyear.SoweexpectthenexttargetlevelatSAR43.10.

MarketCap.
SAR480.70mn
P/E
29.94

52WkHigh
SAR52.00
P/B
3.20

52WkLow
SAR20.35
Div.Yield
2.39%

Halawani Brothers (HP): In line with OAB technical analysis, the stock now is trying to
crossupthedowntrendline,soatthislevelwesuggestagoodentrypoint.Weseethat
thetrendduringthisweekshouldbeupandthetargetlevelintheshorttermwillbeat
SAR50.00.

MarketCap.
SAR1,380.0mn
P/E
15.68

52WkHigh
SAR68.75
P/B
2.57

52WkLow
SAR24.30
Div.Yield
4.14%

Petro Rabigh: In line with OAB technical analysis. The stock price crossed the resistance
level at SAR 23.00 at this point RSI still below 70. So at this range its a good point to
accumulatewherenowthestocksmovedinuptrendchannel.Weexpectthepricetobeat
SAR23.90.

MarketCap.
SAR20,191.8mn
P/E
30.6

52WkHigh
SAR30.10
P/B
2.50

52WkLow
SAR18.25
Div.Yield

SABIC:CurrentlytheRSI,MFIandMACDareattractivetobuy.Thestockalreadycrossed
upEMA14andMA10.Weexpectthisweekthetrendwillcrossthestrongresistancelevel
ofSAR95.00inupsidemomentum.Soweexpectthefirsttargettobeaftercrossingthis
levelatSAR97.25.

MarketCap.
SAR285,000mn
P/E
9.58

52WkHigh
SAR114.00
P/B
2.07

52WkLow
SAR82.50
Div.Yield
6.32%

AXACooperativeIns.:InlinewithOABtechnicalanalysis,theRSIisabove(70point)itsat
74.15point,andtheMACDispositive.Currentpriceisagoodentrypointtoaccumulate.
SoweexpectthenexttargetlevelshouldbeatSAR42.80asaMidTerm.

MarketCap.
SAR814.0mn
P/E

52WkHigh
SAR79.00
P/B
4.72

52WkLow
SAR13.50
Div.Yield

BankMuscat: InlinewithOABtechnicalanalysis,thestocknowchangedthetrendfrom
downtoupchannel.ThestockcrosseduptheMA5andMA10,soweexpectthatthenext
MidTermlevelshouldbeatRO0.740.InMACDbothlinesMAarecrossedupzeroline.

MarketCap.
RO1,121.00mn
P/E
9.53

52WkHigh
RO0.830
P/B
1.29

52WkLow
RO0.650
Div.Yield
3.45%

Galfar Eng.: In line with OAB technical analysis, the trend changed to bullish tone. Last
weekthestockcrossedupMA10andMA5.RSIbelow70point.Weexpectthefirsttarget
levelshouldbeatRO0.360.

MarketCap.
RO123.9mn
P/E
15.55

52WkHigh
RO0.600
P/B
1.32

52WkLow
RO0.320
Div.Yield
2.92%

Abu Dhabi Commercial Bank: In line with OAB technical analysis, yesterday the stock
MarketCap.
crossed the MA5 and MA10. Till now the stock crossed up the triangle indicator. So we AED16,395.10mn
expectthefirsttargetlevelshouldbeatAED3.040.
P/E
5.41

52WkHigh
AED3.32
P/B
0.74

52WkLow
AED2.09
Div.Yield
6.83%

The Commercial Bank: In line with OAB technical analysis. The stock price moves in
upwardtrendlevelatQtr2.950atthispointRSIbelow30pts.Soatthisrangeitsagood
point to accumulate where now the stocks moved in uptrend channel. The target as we
expectwillbeatQtr0.83.90.

MarketCap.
Qtr20,166.9mn
P/E
10.59

52WkHigh
Qtr87.20
P/B
1.42

52WkLow
Qtr62.40
Div.Yield
7.36%

QatarIslamicbank:InlinewithOABtechnicalanalysis,thePivotpointisstillatQtr81.70
which already crossed. We expect that the stock will start its upside momentum after
crossesovertheshorttermMA10,thenextlevelwillbeatQtr84.00.

MarketCap.
Qtr19,352.00mn
P/E
13.94

52WkHigh
Qtr86.10
P/B
1.73

52WkLow
Qtr71.30
Div.Yield
5.49%

QatarElectricity&Water:InlinewithOABtechnicalanalysis.Thestockpricemoveinflat
trendinthelevelatQtr141.00atthispointRSIstillbelow70.Soatthisrangeitsagood
pointtoaccumulatewherenowthestocksmovedinuptrendchannel.Weexpecttheprice
tobeatQtr146.00.

MarketCap.
Qtr14,140.0mn
P/E
10.42

52WkHigh
Qtr154.90
P/B
4.67

52WkLow
Qtr116.00
Div.Yield
4.60%

Disclaimer:
ThisreporthasbeenpreparedbyresearchdepartmentinIMGOmanArabBank,andisprovidedforinformationpurposes
only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all
reasonablecarehasbeentakentoensurethattheinformationcontainedthereinisnotuntrueormisleadingatthetimeof
publication,wemakenorepresentationastoitsaccuracyorcompletenessanditshouldnotberelieduponassuch,andthe
bankacceptsnoresponsibilitywhatsoeverforanydirectorindirectconsequentiallossarisingfromanyuseofthisreportor
itscontents.AllopinionsandestimatesincludedinthisdocumentconstituteIMG'sResearchdepartmentjudgmentasofthe
dateofproductionofthisreport,andaresubjecttochangewithoutnotice.Thisreportmaynotbereproduced,distributedor
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Source: Bloomberg