EGYPT | DAILY TECHNICAL ANALYSIS

APRIL 8, 2012

EGX30 INDEX

Daily EGX 30 IDX

BarOHLC, EGX 30 IDX, Last Trade 04/05/2012, 4,837.36, 4,847.77, 4,823.02, 4,827.02

11/30/2010 - 05/21/2012 (CAI) Price EGP 6,600 6,300

TECHNICAL ANALYSIS DESK

The index has fallen and due to volume divergence. is likely to fall further towards 4750. Break below 4750 will lead to 4500. There should be buyers awaiting such a dip.
Support 4500 Resistance 4930-4970 Support 4750

6,000
5,700 5,400 5,100 4,800 4,500 4,200

Till the support 4750, we could expect it to be ranged between 4750 -4970 till the range holds. However a break above 4970, could take the index up to 5200-5280. In the bigger picture, we are in the middle of an upward reaction from 3600, and we wait to see if downward correction is completed.
01

3,900 .12 Vol, EGX 30 IDX, Last Trade 04/05/2012, 114.006M Mom, EGX 30 IDX, Last Trade(Last), 14 04/05/2012, -237.38 Volume .1234 Value EGP

Negative

0
-500

-1,000 -1,500 .12 RSI, EGX 30 IDX, Last Trade(Last), 14, Wilder Smoothing 04/05/2012, 38.917 MACD, EGX 30 IDX, Last Trade(Last), 12, 26, 9, Exponential 04/05/2012, -41.78, -1.31 16 03 17 25 21 01 18 02 16 01 16 01 18 01 16 02 16 03 17 01 16 01 16 02 16 01 16 01 16 02 16 01 Value EGP Value 16 EGP

Dec 10

Jan 11

Mar 11

Apr 11

May 11

Jun 11

Jul 11

Aug 11

Sep 11

Oct 11

Nov 11

De c 11

Ja n 12

Feb 12

Ma r 12

Apr 12

May 12

EGX70 INDEX

Daily EGX 70 IDX

BarOHLC, EGX 70 IDX, Last Trade 04/02/2012, 441.75, 443.81, 438.47, 438.47

01/03/2011 - 05/14/2012 (CAI) Price EGP 720

The re is not much change too talk about, the failure to sustain below 438 and rebound from there argues that an intraday bottom should at least be formed and further retreat is in favor.

680 640 600 560 520 480

Break of 450 resistance will indicate that a short term bottom is finally formed and bring stronger rebound toward 485 and longer consolidation.
Vol, EGX 70 IDX, Last Trade 04/02/2012, 7.389M

Support 438 Support 425

Resistance 450

440

400
.12 Volume 20M 10M .1234

Mom, EGX 70 IDX, Last Trade(Last), 14 04/02/2012, -39.62

Value EGP Value EGP .12

On the downside, below 436 , next important support will be at 425.

MACD, EGX 70 IDX, Last Trade(Last), 12, 26, 9, Exponential 04/02/2012, -11.55, -5.89

RSI, EGX 70 IDX, Last Trade(Last), 14, Wilder Smoothing 04/02/2012, 29.085

Value EGP 30 .123

10

17

24 08 21 28

04

11

18 26

09

16

23

30

06

13

20

27

04

11

18 25

01

08

15 22

29

12

19

26

03 10

17

24

31 09

21 29 05

12

19

26 02 09

16

23 30 06

13

20

27

05

12

19

26

02 09

16

23

30

07 14

Ja n 11

Ma r 11

Apr 11

May 11

Jun 11

Jul 11

Aug 11

Sep 11

Oct 11

Nov 11

Dec 11

Ja n 12

Feb 12

Ma r 12

Apr 12

May 12

EGYPT | DAILY TECHNICAL ANALYSIS

RIC REUTERS LAST CLOSING PRICE SUPPORT 1 SUPPORT RESIS2 TANCE 1 RESISTANCE 2 1st UPWARD TAREGT 2nd UPWARD TAREGT

APRIL 8, 2012
STOP LOSS RECOMMENDATION

TECHNICAL ANALYSIS DESK

CONSTRUCTION & MATERIALS

Orascom Construction Industries (OCI)

OCIC.CA

258.82

255

250

260

265

275-280

295

245

Buy

Upper Egypt Contracting

UEGC.CA

1.21

1.20

1.17

1.23

1.30

1.47

1.65

1.17

Hold

Giza General Contracting

GGCC.CA

12.75

11.85

11.45

12.80

13.60

13.60

14.50

11.45

Hold

PALM HILL DEV CO

PHDC.CA

1.72

1.68

1.60

1.83

1.90

Hit

1.60

Buy

TALAT MOSTAFA TALAT MOSTAFA

TMGH.CA

3.76

3.85

3.60

4.20

4.20

4.50

3.60

Buy

BASIC RESOURCES

Ezz Steel

ESRS.CA

6.70

6.45

6.25

7.50

7.65

7.65

8.40

6.25

Buy

EGYPT | DAILY TECHNICAL ANALYSIS

RIC REUTERS LAST CLOSING PRICE SUPPORT 1 SUPPORT RESIS2 TANCE 1 RESISTANCE 2 1st UPWARD TAREGT 2nd UPWARD TAREGT

APRIL 8, 2012
STOP LOSS RECOMMENDATION

TECHNICAL ANALYSIS DESK

INDUSTRIAL GOODS SERVICES & AUTOMOBILES

Maridive & oil services

MOIL.CA

1.25$

1.23$

1.20$

1.29$

1.33$

1.40$

1.54$

1.20$

Hold

Canal Shipping Agencies

CSAG.CA

6.49

6.50

6.15

7.30

7.50

7.80

6.40

Hold

United Arab Shipping

UASG.CA

0.63

0.63

0.60

0.67

0.72

0.72

0.77

0.63

Hold

Egyptian Transport (EGYTRANS)

ETRS.CA

6.04

5.80

6.60

6.80

7.15

7.50

5.80

Buy

EGYPT | DAILY TECHNICAL ANALYSIS

RIC REUTERS LAST CLOSING PRICE SUPPORT 1 SUPPORT RESIS2 TANCE 1 RESISTANCE 2 1st UPWARD TAREGT 2nd UPWARD TAREGT

APRIL 8, 2012
STOP LOSS RECOMMENDATION

TECHNICAL ANALYSIS DESK

Telecommunications
Orascom Telecom Holding ORTE.CA 3.40 3.25 3 3.50 3.75 3.80 4 3 Buy

Banks
Commercial International Bank (Egypt) COMI.CA 24.71 24.50 23.80 25.30 25.75 25.75

26.25

23.80

Buy

National Societe Generale Bank (NSGB)

NSGB.CA

29.25

28.50

28.15

29.50

30.90

30.90

32

27

Buy

Chemicals
Sidi Kerir Petrochemicals SKPC.CA 13.83 13.90 13.60 14.30 14.50 14.50

15.25

13.50

Buy

Egyptian Financial & Industrial

EFIC.CA

9.70

9.70

9.35

10

10.60

11

11.85

9.70

Buy

Financial Services excluding Banks

Egyptian Financial Group-Hermes Holding Company Raya Tech & Comm HRHO.CA 12.85 12.50 12 13.50 14 14.50

15.50

12.50

Buy

RAYA.CA

5.71

5.70

5.45

6.25

6.25

Buy

EGYPT | DAILY TECHNICAL ANALYSIS

APRIL 8, 2012

TECHNICAL ANALYSIS DESK

CONTACT DETAILS TECHNICAL ANALYSIS DEPARTMENT Mohamed El-Zayat, MSTA, CFTe | Chief Technical Analyst Mohamed.Elzayat@cicapital.com.eg CIBC Khaled Abd El Rahman | MD & Global Head of Securities Brokerage Khaled.Abdelrahman@cicapital.com.eg DYNAMIC SECURITIES Hesham Khalil| Managing Director Hesham.khalil @cicapital.com.eg CI CAPITAL HOLDING 8, Nadi El-Seid Street, Third Floor Dokki, Giza Egypt Reuters pages: COIW, COIX, COIY, and COIZ Bloomberg page: COIB <GO> For more information, please contact CI Capital Technical Analysis Department on +2 (02) 3 762 8617, send e-mail to Technical.Analysis@cich.com.eg or visit our website at www.cich.com.eg

EGYPT | DAILY TECHNICAL ANALYSIS

APRIL 8, 2012

TECHNICAL ANALYSIS DESK

DISCLAIMER The information used to produce this market commentary is based on sources that CI Capital Technical Analysis Department (CITAD) believes to be reliable and accurate. This information has not been independently verified and may be condensed or incomplete. CITAD does not make any guarantee, representation or warranty and accepts no responsibility or liability to the accuracy and completeness of such information. Expression of opinion contained herein is based on certain assumptions and with the use of specific financial techniques that reflect the personal opinion of the authors of the commentary and is subject to change without notice. It is acknowledged that different assumptions can always be made and that there is a wide choice of techniques that can be adopted each of which can lead to a different conclusion. Therefore, all what is stated herein is of an indicative and informative nature as forward-looking statements, projections, and fair values quoted may not be realized. Accordingly, CITAD does not take any responsibility for decisions made on the basis of the content of this commentary. This commentary is made for the sole use of CITADs customers and no part or excerpt of its content may be redistributed, reproduced or conveyed in any form, written or oral, to any third party without the prior written consent of CITAD. This commentary does not constitute a solicitation or an offer to buy or sell securities.