20-Oct-13

Trend

EGX(30) Index

Close
5,986.80

Chg
55.70

% Chg
0.94%

S/L
5,750

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 40.10 8.10 11.17 12.60 11.97 16.61 11.43 7.50 5.00 1.34 15.74 0.95 7.74 3.43 4.60 12.00 3.18

Current 4 Weeks Trend

Suggested Trading Strategy Hold Hold Trade Range Hold Accumulate Buy Dips Hold Closed Closed Closed Closed Closed Closed Hold Hold Closed Closed

Current 4 Months Trend S1 37.00 7.50 11.00 11.50 11.00 15.50 10.35 7.20 4.75 1.25 14.00 0.80 7.25 3.05 4.30 10.50 2.90

Trading Triggers Support S2 34.50 7.00 n/a 10.40 10.00 14.50 9.60 6.40 4.10 1.10 12.50 0.65 6.40 2.80 4.00 9.50 2.60 Resistance R1 39.00 8.40 13.00 12.00 14.00 19.00 11.50 8.25 5.50 1.55 17.45 1.00 8.00 3.40 4.85 12.50 3.60 R2 41.30 10.00 n/a 13.00 15.45 20.00 12.00 9.20 6.00 1.70 19.55 1.10 9.95 3.65 5.20 13.00 3.80

Trailing S/L 36.60 7.40 10.80 11.30 10.80 15.30 10.20 n/a n/a n/a n/a n/a n/a 3.00 4.20 n/a 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 (5,986.80) gaining 55.70 points nearly 0.94% on high volume recording (130,229,882) shares. "Trading within critical zone"....................................................................... The session closed on a positive note. EGX(30) short term up-trend is still intact. EGX(30) is currently trading within (6,000 - 6,200) resistance zone. Consequently, it is time to offload part of current positions, this is merely a precautionary action for the sake of profit protection and risk control. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (5,500 - 6,200) zone. 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.

Upper Egypt Contracting Giza General Contracting

Financial Services excluding Banks

Egyptian Kuwaiti Holding Egyptian Financial Group Citadel Capital Pioneers holding

Food I ndustry & M ills

Juhayna Food Industries 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 26.00 1.14 0.75 11.80 5.41 24.01 2.41 25.69 6.20 11.85 3.39 4.01 4.56 13.78 0.65 6.08 5.12 3.54 1.20

Current 4 Weeks Trend

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

Current 4 Months Trend S1 23.00 1.00 0.70 10.65 4.95 21.70 2.30 24.00 5.50 10.00 3.10 3.65 4.30 13.40 0.58 5.40 4.85 3.05 1.10

Trading Triggers Support S2 21.00 0.90 0.60 9.50 4.60 20.80 2.10 22.00 5.00 9.00 2.65 3.05 4.10 12.10 0.50 4.80 4.00 2.60 0.95 Resistance R1 27.50 1.15 0.80 13.00 5.25 24.00 2.55 27.90 6.85 12.40 3.35 3.90 4.80 14.20 0.70 6.75 5.50 3.40 1.30 R2 30.00 1.25 0.85 13.90 5.80 27.10 2.75 30.50 7.60 n/a 3.65 4.25 5.20 15.10 0.80 7.25 6.45 3.75 1.60

Trailing S/L n/a 0.99 0.69 n/a 4.90 21.40 n/a n/a n/a n/a 3.06 3.60 4.20 n/a 0.57 n/a n/a n/a n/a

(EGX30 Vs EGX70)

I ndustrial Goods, Services & Autom obiles

Last session, EGX(30) Index closed at (5,986.80) gaining 55.70 points nearly 0.94%, EGX(70) Index closed at (503.54) gaining 3.83 points nearly 0.77%.

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)

EGX(30) index (YTD) is outperforming EGX(70) (middle panel). On the medium term horizon (QTD) EGX(70) is the outperformer (lower panel - Blue Line). On the short term horizon (WTD) EGX (70) is no longer the outperformer (lower panel Red 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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