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Equity Research
DFMGI: 3593.28
+1.09%
Sanyalak Manibhandu
Head Of Research
+971 2 6161637
sanyalaksna.manibhandu@nbad.com
Profit taking witnessed from 3680 formed a near term bottom at 3530 yesterday
and registered a bullish close over the previous days high at 3593. Overall the
market is trading in the broader sideways range. Volumes are dull and investors are
seen trading the range.
Shiv Prakash
Senior Research Analyst
+971 2 6161628
shiv.prakash@nbad.com
If the support levels at 3530/3500 hold strong, may recover back towards 3680 in
the near term. Only a close below 3500 shall force us back towards the recent spike
lows.
ADX: 4502.79
+0.60
The trend is sideways over the support level of 4465. Traders holding may place
4465 as the stop loss.
Close over the immediate resistance of 4530 shall extend the recovery rally towards
the 50 Day SMA at 4598. Look to trade outperforming stocks while placing 4465 as
the stop.
DFMGI: 3580/3606/3680 Resistance
3534/3500/3420 Support
Advisory Desk
Ahmed M. Shehada
Head of Advisory & Institutional Desk
+97126161633
+971 4 4245708
Ahmed.Shehada@nbad.com
Page 1 of 5
EMAAR MALLS
Hourly Chart
Resistance: 3.11/3.17/3.23
Support: 3.02/2.98/2.95
EMAAR
Hourly Chart
Resistance: 6.50/6.58/6.64
Support: 6.42/6.38/6.30
Page 2 of 5
ARTC
Hourly Chart
Resistance: 1.86/1.89/1.93
Support: 1.82/1.78
AMANAT
Daily Chart
Resistance: 0.723/0.750
Support: 0.693/0.685
Page 3 of 5
S1
S2
S3
R1
R2
R3
3593.28
3567
3541
3527
3608
3623
3638
AIR ARABIA
1.40
1.39
1.38
1.37
1.41
1.42
1.43
AJMAN BANK
1.75
1.69
1.62
1.53
1.85
1.94
2.04
1.07
1.05
1.02
1.01
1.09
1.11
1.13
AMANAT
0.715
0.702
0.690
0.683
0.721
0.728
0.734
AMLAK FINANCE
2.04
2.02
2.00
1.99
2.05
2.06
2.07
ARABTEC
1.84
1.81
1.79
1.76
1.86
1.89
1.91
ARAMEX
3.14
3.13
3.11
3.19
3.16
3.18
3.20
DAMAC PROPERTES
3.04
3.03
3.00
2.98
3.06
3.08
3.10
DIC
2.37
2.35
2.33
2.32
2.38
2.39
2.40
AMAN
0.602
0.599
0.597
0.591
0.607
0.613
0.618
DIB
6.70
6.67
6.65
6.60
6.74
6.79
6.83
DEYAAR
0.654
0.648
0.643
0.637
0.659
0.665
0.670
DFM
1.68
1.67
1.65
1.64
1.70
1.71
1.73
0.623
0.615
0.608
0.600
0.630
0.638
0.645
DUBAI PARKS
1.21
1.20
1.19
1.18
1.22
1.23
1.24
DU
5.10
5.01
4.91
4.87
5.15
5.19
5.24
EMAAR MALLS
3.09
3.03
2.98
2.94
3.12
3.16
3.19
EMAAR PROPERTIES
6.46
6.38
6.30
6.25
6.51
6.56
6.61
ENBD
8.72
8.71
8.69
8.68
8.73
8.75
8.77
GGICO
0.696
0.692
0.687
0.679
0.705
0.713
0.722
GULF NAVIGATION
0.380
0.377
0.373
0.367
0.387
0.393
0.400
0.534
0.531
0.527
0.525
0.537
0.539
0.542
SALAMA
0.448
0.446
0.445
0.441
0.451
0.455
0.458
SHUAA CAPITAL
0.567
0.553
0.540
0.524
0.582
0.598
0.613
TABREED
1.19
1.18
1.17
1.16
1.19
1.20
1.22
UNION PROP
0.94
0.94
0.93
0.92
0.95
0.96
0.97
DFMGI
Page 4 of 5
S1
S2
S3
R1
R2
R3
ADX
4516
4501
4485
4466
4535
4554
4572
ALDAR PROPERTIES
2.37
2.35
2.34
2.30
2.40
2.44
2.47
ADCB
7.50
7.40
7.31
7.11
7.69
7.89
8.08
ADIB
4.46
4.44
4.41
4.39
4.49
4.51
4.54
DANA GAS
0.56
0.54
0.53
0.51
0.57
0.59
0.60
ESHRAQ
0.68
0.66
0.65
0.62
0.70
0.73
0.75
14.15
14.02
13.88
13.82
14.22
14.28
14.35
MANAZEL
0.68
0.66
0.64
0.60
0.72
0.76
0.80
NBAD
9.60
9.53
9.46
9.32
9.74
9.88
10.02
ETISALAT
14.30
14.25
14.20
14.15
14.35
14.40
14.50
METHAQ
0.92
0.91
0.89
0.87
0.95
0.97
1.00
RAKCC
0.88
0.85
0.83
0.81
0.89
0.91
0.92
RAK PROPERTIES
0.62
0.60
0.58
0.55
0.65
0.68
0.71
UNB
6.10
6.08
6.06
6.03
6.12
6.15
6.16
WAHA CAPITAL
2.27
2.25
2.23
2.22
2.28
2.29
2.30
DISCLAIMER: This report has been prepared and issued by NBAD Securities which is authorised by the UAE Securities and Commodities
Authority, licensing registration number 604002, on the basis of publicly available information and other resources considered reliable. This
report is not to be construed as an offer to buy or sell securities. While utmost care has been taken to ensure that the information provided is
accurate and correct, neither NBAD Securities nor any of its employees shall, in any way, be responsible for the contents. NBAD Securities is a
subsidiary of National Bank of Abu Dhabi and is licensed by Securities and Commodities Authority.
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