EGYPT MarketPulse. Market approaching the resistance EGX 30. Trend status summary EGX 70. Trend status summary SUPPORT 7,325 6,900.

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1 Market approaching the resistance RESISTANCE EGX 30 SUPPORT 7,325 6,900 TARGET - STOP-LOSS 7,875 broken Trend status summary Trend Current Forecast MT Bearish Bearish ST Bearish Bearish Close 7, % Change 1.27% 52-wk High 10, wk Low 6, The EGX 30 rose 1.27%, while the EGX 70 edged up 0.86%. The EGX 30 reached to the vicinity of the resistance level of 7,325 points; however, a confirmed breach above 7,325 may send it higher towards 7,550-7,600 points. Investors are advised to sell the rally. RESISTANCE EGX TARGET - SUPPORT STOP-LOSS 440 broken Trend status summary Trend Current Forecast MT Bearish Bearish ST Bearish Bearish Close % Change 0.86% 52-wk High wk Low The EGX 70 remained bearish for the short and medium term. We detect some signs that suggest a bear market rally towards 410 points; a breach above 415 may send it higher towards 435 points; otherwise, a penetration below 374 may drag it down to points. Investors are advised to sell the rally. 1

2 DAILY TECHNICAL ANALYSIS REPORT EGYPT 17 SEPTEMBER 2015 Blue-Chip Charts Commercial International Bank (COMI.CA) Global Telecom Holding (GTHE.CA) COMI is swinging up and down between EGP47.30 and EGP51.00; a confirmed breach above EGP51.00 may send it higher toward EGP GTHE sagged to the vicinity of the support level of EGP1.82; a bounce off EGP1.82 may lead it to test the resistance level of EGP2.15. Talaat Moustafa Group (TMGH.CA) Sixth of October Development and Investment SODIC (OCDI.CA) TMGH is wavering up and down through a falling channel; a confirmed penetration below EGP6.75 may drag it lower towards EGP6.50. OCDI is fluctuating up and down between EGP8.25 and EGP9.95; a confirmed breach above EGP9.95 may send it higher toward EGP

3 Technical Analysis of Egyptian Stocks and Trading Ideas Blue Chips Commercial International Bank COMI Trading range Talaat Moustafa Group TMGH Sell the rally Egyptian Financial Group HRHO Trading range Juhayna Food Industries JUFO Trading range El-Sewedy Cables SWDY Trading range Medinet Nasr Housing MNHD Sell the rally Global Telecom Holding GTHE Sell the rally Sixth of October Development and Investment (SODIC) OCDI Sell the rally Telecom Egypt ETEL Trading range Other Market Movers Egyptians Abroad for Investments ABRD Trading range Arab Cotton Ginning ACGC Trading range El-Ahli Investment and Development Arabia Investments, Development and Financial Investment Holding Company AFDI Sell the rally AIND Sell the rally Amer Group AMER Sell the rally Arab Polivara Spinning and Weaving APSW Trading range Cana Shipping Agency CSAG Sell the rally El-Ezz Porcelain ECAP Trading range Egyptian for Developing Building Materials Egyptian Financials and Industries EDBM Trading range EFIC Buy on dips Edita Food Industries EFID Trading range Egyptian for Tourism Resorts EGTS Trading range Egyptian Housing Development and Reconstruction Egyptian Kuwaiti Holding (USD) EHDR Trading range EKHO Trading range Egyptian Electrical Cable ELEC Trading range El Kahera Housing ELKA Trading range 3

4 Ezz Steel ESRS Trading range Giza General Contracting GGCC Sell the rally Heliopolis Housing HELI Sell the rally International Agriculture Products Egyptian Iron and Steel IFAP Sell the rally IRON Sell the rally El-Nasr Cloths and Textiles KABO Trading range Misr Chemical Industries MICH Sell the rally North Cairo Mills MILS Trading range Maridive (USD) MOIL Sell the rally Orascom Construction Ltd ORAS Sell the rally Pioneers Holdings for Financial Investments OTMT Trading range PIOH Trading range SidiKerir Petrochemical SKPC Trading range Alexandria Spinning & Weaving SPIN Trading range Arab Stevedoring Co UASG Trading range Upper Egypt General Contractor UEGC Trading range Extracted Oils ZEOT Trading range Most Active by Turnover (Value) Commercial International Bank COMI Trading range OTMT Trading range Telecom Egypt ETEL Trading range Most Active by Volume OTMT Trading range Amer Group AMER Sell the rally Upper Egypt General Contractor UEGC Trading range 4

5 Disclosure Appendix Definitions Close: price. S/T: Short-term trend (from 1 to 4 weeks). M/T: Medium-term trend (from 3 to 9 months). UP TREND: Higher lows and higher highs. DOWN TREND: Lower highs and lower lows. SIDEWAYS TREND: Flat trend ranging between horizontal support and horizontal resistance. UPWARD CORRECTION: A move in the opposite direction of a down trend. DOWNWARD CORRECTION: A move in the opposite direction of an uptrend. TAKE PROFIT: Stock approaching the target, partially realize profits or hold for second target. BUY FOR TRADE: A short-term Buy recommendation to take advantage from an upward correction move during a down trend. SELL RALLIES: A Sell recommendation during an upward correction move. ( ): hit with a 1% variance up or down. TRADE RANGE: Move between support and resistance in a sideways trend. STOP LOSS: A Sell recommendation when the closing price of a stock breaks a certain point to the downside. (Two days close below this point or violated by 1 to 2%) TRADING ISSUES: Describes stocks that are trading sideways between upper and lower bands. Traders may trade the range at their own discretion; buying near the lower level and selling near the upper level. s: A portion of the position should be closed whenever a target is hit. s should be considered as profit-taking levels Disclaimer This report is based on information available to the public. It is not intended as an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned. The information and opinions in this report were prepared by Naeem Technical Analysis Department from sources it believes to be reliable at time of publication. Naeem Technical Analysis Department accepts no liability or legal responsibility for losses or damages incurred arising from the use of this publication or its contents. Naeem Technical Analysis Department has the right to change opinions expressed in this report without prior notice. Contacts Ibrahim El Nemr, CFTe Head of Technical Analysis Desk Ext ibrahim.elnemr@naeemholding.com The Technical Analysis Team, Egypt Fax: The Technical Analysis Team, Egypt Sales and Trading Contacts Tarek Abaza May Kishk Executive Director, Sales &Trading Local Institutions, GCC & High Net Worth Senior Sales Trader, Local Institutions & High Networth tarek.abaza@naeemholding.com may.kishk@naeemholding.com Ashraf Abd-Elaziz Director, Local Institutions ashraf.abdelaziz@naeemholding.com 5

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