DAILY TECHNICAL ANALYSIS REPORT

Date: May 22, 2011

IMPORTANT INFORMATION & RISK WARNINGS

DISCLAIMER : Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by United Securities in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. United Securities has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; United Securities makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be un-audited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on 22nd May, 2011) Disclosure of interest statement 1. Analyst interest of the stock(s): - No 2. Firm interest of the stock(s): - Yes

MSM 30 6,048.330 -0.250% 14.890

Stop Out. MSM 30 closed marginally up by -0.25 % (0.25 points) to close at 6048.33 points. The days high and low was 6048.33 and 6016.15 points respectively. The total shares exchanged increased to 2963375.00 as compared to the previous day. The weakness signal has formed and confirmed, and stop loss has triggered on May 18, on a daily close below 6120.00, where descending triangle was confirmed by breaking the neckline at 6120 downward, candle sticks formed long black candle below 6120.00. It is worth mentioning that the earlier strength signals was formed and confirmed on May 02 on a daily close at 6372.32, where candle sticks formed a bullish candle, stochastic oscillator triggered a bullish crossover. Trader can stop out and sell at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 5957.61 level with the next support expected to appear at a lower level of 5866.88. On its way up, the immediate resistance is at the 6139.05 level while the next resistance is expected to be at a higher level of 6229.78.

Last 6048.33 Stochastic 22.00

%Chg 0.25 RSI 39.00

Turnover 2963375.00 S1 5957.61

Volume 8237867.00 S2 5866.88

50 DMA 6353.00 R1 6139.05

200 DMA 6507.00 R2 6229.78

AL ANWAR HOLDING (AAIT 0.101 1.00 %)

Take profit & wait. AAIT closed marginally up by 1.00 % (RO 0.001) to close at RO 0.101. The days high and low was 0.103 and 0.100 points respectively. The total shares exchanged increased to 119445 as compared to previous day. The strength signals have formed on May 19, on a daily close at 0.101, where indicators point to oversold, candle sticks formed a bullish pattern; and volume is higher as compared to previous days. It is worth mentioning that the earlier weakness signal was formed and confirmed on April 11, where stochastic is overbought; candle sticks formed a bearish candle, coinciding with a resistance at 0.126. It is worth mentioning that the earlier strength signals were formed and confirmed on March 16, where stochastic triggered a bullish crossover near major support at 0.097. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.097.

Last 0.101 52 WK. High 0.229

%Chg 1.00 52 WK. Low 0.097

Turnover 12048.966 S1 0.099

Volume 119445 S2 0.098

7D VOL Chg % 106.39 R1 0.103

30 D VOL Chg % -22.94 R2 0.104

Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.099 level with the next support expected to appear at a lower level of 0.098. On its way up, the immediate resistance is at the 0.103 level while the next resistance is expected to be at a higher level of 0.104.

AHLI BANK (ABOB 0.261 0.39 %)

Buy. ABOB closed marginally up by 0.39 % (RO 0.001) to close at RO 0.261. The days high and low was 0.263 and 0.260 points respectively. The total shares exchanged increased to 264385 as compared to previous day. The strength signals were formed and confirmed on April 28, on a daily close at 0.286, where formed a bullish candle after a downward correction from 0.295. The upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.260. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.257 level with the next support expected to appear at a lower level of 0.253. On its way up, the immediate resistance is at the 0.265 level while the next resistance is expected to be at a higher level of 0.269.

Last 0.261 52 WK. High 0.31

%Chg 0.39 52 WK. Low 0.22

Turnover 69058.525 S1 0.257

Volume 264385 S2 0.253

7D VOL Chg % 63.15 R1 0.265

30 D VOL Chg % 135.98 R2 0.269

BANK MUSCAT (BKMB 0.715 -0.14 %)

Stop Out. BKMB closed marginally down by -0.14 % (RO -0.001) to close at RO 0.715. The days high and low was 0.726 and 0.707 points respectively. The total shares exchanged increased to 703855 as compared to previous day. The weakness signal has formed and confirmed, and stop loss has triggered on May 18, on a daily close below 0.720, where a double top was formed, minor support at 0.750 as well, at 0.720 was broken downward. It is worth mentioning that The earlier strength signals was formed and confirmed on May 01, on a daily close at 0774, where stochastic oscillator triggered a bullish crossover near oversold area, candle sticks formed bullish candle. The downward RS suggests an under performance Vs. MSM 30. Trader can stop out and sell at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.704 level with the next support expected to appear at a lower level of 0.694. On its way up, the immediate resistance is at the 0.726 level while the next resistance is expected to be at a higher level of 0.736. Last 0.715 52 WK. High 0.88 %Chg -0.14 52 WK. Low 0.63 Turnover 503396.784 S1 0.704 Volume 703855 S2 0.694 7D VOL Chg % -5.22 R1 0.726 30 D VOL Chg % -31.30 R2 0.736

BANK SOHAR (BKSB 0.150 -1.32 %)

Buy. BKSB closed marginally down by -1.32 % (RO -0.002) to close at RO 0.150 . The days high and low was 0.153 and 0.150 points respectively. The total shares exchanged increased to 1047302 as compared to previous day. The strength signals was formed and confirmed on May 02, on a daily close at 0.158, where the momentum of the downward move is slow down as compared to the upward wave, RSI is marginally oversold. the downward relative performance (RS) suggests an under performance Vs. MSM 30 Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.150. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.148 level with the next support expected to appear at a lower level of 0.146. On its way up, the immediate resistance is at the 0.152 level while the next resistance is expected to be at a higher level of 0.155.

Last 0.15 52 WK. High 0.23

%Chg -1.32 52 WK. Low 0.15

Turnover 157413.736 S1 0.148

Volume 1047302 S2 0.146

7D VOL Chg % 89.62 R1 0.152

30 D VOL Chg % 72.02 R2 0.155

GLOBAL FINANCIAL INVESTMENT (GFIC 0.054 0.00 %)

Buy. GFIC unchanged to close at RO 0.054. The days high and low was 0.054 and 0.053 points respectively. The total shares exchanged increased to 584715 as compared to the previous day. The strength signals have formed on May 19, on a daily close at 0.054, where GFIC declined marginally 15 % from 0.063 to reach oversold area coinciding with support level at 0.053, candle sticks formed a bullish pattern; and volume is higher as compared to previous days. the downward relative performance (RS) suggests an under performance Vs. MSM 30 Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.053. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.053 level with the next support expected to appear at a lower level of 0.052. On its way up, the immediate resistance is at the 0.055 level while the next resistance is expected to be at a higher level of 0.056.

Last 0.054 52 WK. High 0.093

%Chg 0.00 52 WK. Low 0.053

Turnover 31444.896 S1 0.053

Volume 584715 S2 0.052

7D VOL Chg % 604.02 R1 0.055

30 D VOL Chg % 427.98 R2 0.056

GULF INVESTMENT SER. (GISI 0.063 1.61 %)

Wait clear signal. GISI closed marginally up by 1.161 % (RO 0.001) to close at RO 0.063. The days high and low was 0.063 and 0.062 points respectively. The total shares exchanged increased to 281873 as compared to previous day. The earlier weakness signals have formed and confirmed on April 11, on a daily close at 0.071, where candle sticks formed a bearish candle pattern close to resistance level at 0.073, indicators point to overbuy. the downward relative performance (RS) suggests an under performance Vs. MSM 30 Traders can wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.062 level with the next support expected to appear at a lower level of 0.061. On its way up, the immediate resistance is at the 0.064 level while the next resistance is expected to be at a higher level of 0.065.

Last 0.063 52 WK. High 0.11

%Chg 1.61 52 WK. Low 0.06

Turnover 17757.926 S1 0.062

Volume 281873 S2 0.061

7D VOL Chg % 135.25 R1 0.064

30 D VOL Chg % 129.71 R2 0.065

NATIONAL BANK OF OMAN (NBOB 0.308 1.32 %)

Buy. NBOB closed marginally up by 1.32 % (RO 0.004) to close at RO 0.308. The days high and low was 0.310 and 0.304 points respectively. The total shares exchanged increased to 328320 as compared to previous day. The strength signals was formed and confirmed on April 13, on a daily close at 0.307, where support at 0.300 might work as bulwark, and momentum is slowdown volume is higher as compared to previous days. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.300. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.303 level with the next support expected to appear at a lower level of 0.299. On its way up, the immediate resistance is at the 0.313 level while the next resistance is expected to be at a higher level of 0.317.

Last 0.308 52 WK. High 0.385

%Chg 1.32 52 WK. Low 0.289

Turnover 101013.08 S1 0.303

Volume 328320 S2 0.299

7D VOL Chg % 230.52 R1 0.313

30 D VOL Chg % 83.67 R2 0.317

OMAN & EMIRATES INV. (OM) (OEIO 0.114 0.00 %)

Wait clear signal. OEIO unchanged to close at RO 0.114. The days high and low was 0.115 and 0.113 points respectively. The total shares exchanged increased to 234430 as compared to the previous day. The earlier weakness signals have formed and confirmed on April 11, on a daily close at 0.156, where candle sticks formed a bearish candle pattern close to resistance level at 0.165, indicators point to overbuy. . The downward relative performance (RS) suggests an under performance Vs. MSM 30. Traders can wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.112 level with the next support expected to appear at a lower level of 0.111. On its way up, the immediate resistance is at the 0.116 level while the next resistance is expected to be at a higher level of 0.117.

Last 0.114 52 WK. High 0.238

%Chg 0.00 52 WK. Low 0.112

Turnover 26772.757 S1 0.112

Volume 234430 S2 0.111

7D VOL Chg % 208.38 R1 0.116

30 D VOL Chg % 308.52 R2 0.117

OMAN INTERNATIONAL BANK (OIBB 0.260 0.00 %)

Buy. OIBB unchanged to close at RO 0.260. The days high and low was 0.262 and 0.258 points respectively. The total shares exchanged increased to 720129 as compared to the previous day. The strength signals have formed on May 19, on a daily close at 0.260, where OIBB declined marginally 9.00 % from 0.280 to reach oversold area coinciding with support level at 0.253. the up ward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can buy at the current price or close to support levels; stop loss should be triggered on a daily close below 0.253. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.256 level with the next support expected to appear at a lower level of 0.252. On its way up, the immediate resistance is at the 0.264 level while the next resistance is expected to be at a higher level of 0.268.

Last 0.26 52 WK. High 0.28

%Chg 0.00 52 WK. Low 0.23

Turnover 187510.62 S1 0.256

Volume 720129 S2 0.252

7D VOL Chg % 200.70 R1 0.264

30 D VOL Chg % 178.29 R2 0.268

OMAN INVESTMENT & FINANCE (OIFC 0.199 1.02 %)

Wait clear signal. OIFC closed marginally up by 1.02 % (RO 0.002) to close at RO 0.199. The days high and low was 0.201 and 0.196 points respectively. The total shares exchanged increased to 150474 as compared to previous day. The earlier weakness signals have formed and confirmed on April 13, on a daily close at 0.211, where candle sticks formed a bearish candle pattern close to resistance level at 0.220. the up ward relative performance (RS) suggests an out performance Vs. MSM 30. Traders can wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.196 level with the next support expected to appear at a lower level of 0.193. On its way up, the immediate resistance is at the 0.202 level while the next resistance is expected to be at a higher level of 0.205.

Last 0.199 52 WK. High 0.326

%Chg 1.02 52 WK. Low 0.165

Turnover 29992.956 S1 0.196

Volume 150474 S2 0.193

7D VOL Chg % -52.85 R1 0.202

30 D VOL Chg % -42.66 R2 0.205

OMINVEST (OMVS 0.498 0.00 %)

Buy. OMVS unchanged to close at RO 0.498. The days high and low was 0.502 and 0.491 points respectively. The total shares exchanged increased to 216515 as compared to the previous day. The strength signals have formed on May 19, on a daily close at 0.502, where OMVS declined marginally 7.00 % from 0.525 to reach oversold area coinciding with support level at 0.473 and uptrend line, and candle sticks formed a bullish pattern. The up ward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can buy at the current price or close to support levels; stop loss should be triggered on a daily close below 0.470. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.491 level with the next support expected to appear at a lower level of 0.483. On its way up, the immediate resistance is at the 0.505 level while the next resistance is expected to be at a higher level of 0.513.

Last 0.498 52 WK. High 0.53

%Chg 0.00 52 WK. Low 0.36

Turnover 107791.596 S1 0.491

Volume 216515 S2 0.483

7D VOL Chg % -38.68 R1 0.505

30 D VOL Chg % -59.88 R2 0.513

ONIC. HOLDING (ONIC 0.262 4.38 %)

Stop out. ONIC closed marginally up by 4.38 % (RO 0.011) to close at RO 0.262. The days high and low was 0.266 and 0.254 points respectively. The total shares exchanged increased to 205018 as compared to previous day. The weakness signal has formed and confirmed, and stop loss has triggered on May 17, on a daily close below 0.270, where a double top was formed, minor support at 0.290 as well, at 0.270 was broken downward. It is worth mentioning that the earlier strength signals was formed and confirmed on April 04, on a daily close at 0.298, where a resistance at 0.280 was broken. The upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can stop out and sell at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.258 level with the next support expected to appear at a lower level of 0.254. On its way up, the immediate resistance is at the 0.266 level while the next resistance is expected to be at a higher level of 0.270.

Last 0.262 52 WK. High 0.5

%Chg 4.38 52 WK. Low 0.23

Turnover 53613.478 S1 0.258

Volume 205018 S2 0.254

7D VOL Chg % 791.07 R1 0.266

30 D VOL Chg % 62.62 R2 0.270

TRANSGULF IND. INV. HOLDING (TGII -0.065 1.52 %)

Wait for profit taking TGII closed marginally down by -1.52 % (RO -0.001) to close at RO 0.065. The days high and low was 0.067 and 0.064 points respectively. The total shares exchanged increased to 238479 as compared to previous day. The downward move from 0.070 is just a correction, but its not opportunity to add position where the technical tools have not strength signals. It is worth mentioning that the earlier strength signals was formed and confirmed on April 10, on a daily close at 0.067, A resistance at 0.0.063 was broken, volume is higher as compared to previous day. the upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can wait for profit taking, stop loss should be triggered on a daily close below 0.060. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.064 level with the next support expected to appear at a lower level of 0.063. On its way up, the immediate resistance is at the 0.066 level while the next resistance is expected to be at a higher level of 0.067.

Last 0.065 52 WK. High 0.122

%Chg -1.52 52 WK. Low 0.054

Turnover 15543.355 S1 0.064

Volume 238479 S2 0.063

7D VOL Chg % -14.37 R1 0.066

30 D VOL Chg % -16.23 R2 0.067

AL ANWAR CERAMIC TILES (AACT 0.279 0.00 %)

Take profit & Wait clear signal. AACT unchanged to close at RO 0.279. The days high and low was 0.287 and 0.275 points respectively. The total shares exchanged increased to 410384 as compared to the previous day. The earlier weakness signals have formed and confirmed on April 13, on a daily close at 0.292, where candle sticks formed a bearish candle pattern close to resistance level at 0.300. the upward relative performance (RS) suggests an out performance Vs. MSM 30. Traders can take profit at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.275 level with the next support expected to appear at a lower level of 0.271. On its way up, the immediate resistance is at the 0.283 level while the next resistance is expected to be at a higher level of 0.287.

Last 0.279 52 WK. High 0.31

%Chg 0.00 52 WK. Low 0.23

Turnover 114478.522 S1 0.275

Volume 410384 S2 0.271

7D VOL Chg % 31.18 R1 0.283

30 D VOL Chg % 26.58 R2 0.287

AL JAZEERA STEEL PRODUCT COMPANY (ATMI 0.271 1.12 %)

Buy. ATMI closed marginally up by 1.12 % (RO 0.003) to close at RO 0.271. The days high and low was 0.275 and 0.267 points respectively. The total shares exchanged increased to 141980 as compared to previous day. The strength signals were formed and confirmed on March 30, on a daily close at 0.0.290, where MACD line was broken upward, stochastic oscillator triggered a bullish crossover, and volume is higher as compared to previous days. The upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can buy at the current price or close to support levels, and stop loss should be trigged on a daily close below 0.267. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.267 level with the next support expected to appear at a lower level of 0.263. On its way up, the immediate resistance is at the 0.275 level while the next resistance is expected to be at a higher level of 0.279.

Last 0.271 52 WK. High 0.36

%Chg 1.12 52 WK. Low 0.25

Turnover 38489.88 S1 0.267

Volume 141980 S2 0.263

7D VOL Chg % 249.21 R1 0.275

30 D VOL Chg % -46.34 R2 0.279

CONSTRUCTION MATERIALS IND. (CMII 0.055 1.85 %)

Buy. CMII closed marginally up by 1.85 % (RO 0.001) to close at RO 0.055. The days high and low was 0.055 and 0.055 points respectively. The total shares exchanged increased to 9350 as compared to previous day. The strength signals was formed and confirmed on May 02, on a daily close at 0.060, where the major support at 0.055 might work as a bulwark, candle sticks formed a bullish pattern near major support. the downward relative performance (RS) suggests an under performance Vs. MSM 30 Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.055. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.054 level with the next support expected to appear at a lower level of 0.053. On its way up, the immediate resistance is at the 0.056 level while the next resistance is expected to be at a higher level of 0.057.

%Chg 0.055 52 WK. High 0.088 1.85 52 WK. Low 0.053

Turnover 514.25 S1 0.054

Volume 9350 S2 0.053

7D VOL Chg % -37.47 R1 0.056

30 D VOL Chg % -88.73 R2 0.057

NAT. ALUMINIUM PRODUCTS (NAPI -0.391 1.01 %)

Buy. NAPI closed marginally down by -1.01% (RO -0.004) to close at RO 0.391. The days high and low was 0.399 and 0.385 points respectively. The total shares exchanged increased to 54153 as compared to previous day. A daily close at 0.390, on May 17, is not a sign to stop out, because the support level at 0.400 was broken slightly, and volume is too weak as compared to previous days. It is worth mentioning that The strength signals was formed and confirmed on April 28, on a daily close at 0.421, where major support at 0.400 might work as bulwark, and stochastic oscillator and RSI are oversold. The flat RS suggests an equal performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.390. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.385 level with the next support expected to appear at a lower level of 0.379 . On its way up, the immediate resistance is at the 0.397 level while the next resistance is expected to be at a higher level of 0.403.

Last 0.391 52 WK. High 0.55

%Chg -1.01 52 WK. Low 0.35

Turnover 21179.5 S1 0.385

Volume 54153 S2 0.379

7D VOL Chg % -63.64 R1 0.397

30 D VOL Chg % -54.30 R2 0.403

OMAN CABLES INDUSTRY (OCAI 0.953 0.00 %)

Stop out & Wait. OCAI unchanged to close at RO 0.953. The days high and low was 0.953 and 0.953 points respectively. The total shares exchanged increased to 35500 as compared to the previous day. On March 16, the buy signal was formed on a daily close at 1.072 of the bullish candle stick, and stop loss has triggered on a daily close below 1.050, indicators point to strength but no buy signal. the upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can stop out and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.939 level with the next support expected to appear at a lower level of 0.924. On its way up, the immediate resistance is at the 0.967 level while the next resistance is expected to be at a higher level of 0.982.

Last 0.953 52 WK. High 1.34

%Chg 0.00 52 WK. Low 0.95

Turnover 33831.5 S1 0.939

Volume 35500 S2 0.924

7D VOL Chg % -0.25 R1 0.967

30 D VOL Chg % -42.65 R2 0.982

OMAN CHLORINE (OCHL 0.362 5.54 %)

Buy. OCHL closed marginally up by 5.54 % (RO 0.019) to close at RO 0.362. The days high and low was 0.370 and 0.351 points respectively. The total shares exchanged increased to 203511 as compared to previous day. A daily close to 0.340 on May 17, is not a sign to stop out, because the support level at 0.347 was broken slightly, and volume is too weak as compared to previous days. It is worth mentioning that The strength signals was formed and confirmed on April 14, on a daily close at 0.378, where candle sticks formed a bullish pattern, and a support at 0.349 worked as a bulwark, volume is higher as compared to the previous days. The flat relative performance (RS) suggests an equal; performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.340. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.357 level with the next support expected to appear at a lower level of 0.351. On its way up, the immediate resistance is at the 0.367 level while the next resistance is expected to be at a higher level of 0.373. Last 0.362 52 WK. High 0.5 %Chg 5.54 52 WK. Low 0.34 Turnover 73720.428 S1 0.357 Volume 203511 S2 0.351 7D VOL Chg % 756.92 R1 0.367 30 D VOL Chg % 378.26 R2 0.373

OMAN CEMENT (OCOI 0.563 0.36 %)

Take Profit. OCOI closed marginally up by 0.36 % (RO 0.002) to close at RO 0.563. The days high and low was 0.570 and 0.550 points respectively. The total shares exchanged increased to 27000 as compared to previous day. On March 29, on a daily close at 0.573 the buy signal was confirmed, the technical tools suggested a weakness, for example, a resistance at 0.617 might wok as bulwark, RSI is overbought, candle sticks formed a bearish candle. The downward RS suggests an under performance Vs. MSM 30. Trader can Take profit at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.555 level with the next support expected to appear at a lower level of 0.546. On its way up, the immediate resistance is at the 0.571level while the next resistance is expected to be at a higher level of 0.580.

Last 0.563 52 WK. High 0.7

%Chg 0.36 52 WK. Low 0.48

Turnover 15203.42 S1 0.555

Volume 27000 S2 0.546

7D VOL Chg % -32.49 R1 0.571

30 D VOL Chg % -24.94 R2 0.580

RAYSUT CEMENT (RCCI -1.051 0.57 %)

Take Profit & Wait clear signal. RCCI closed marginally down by -0.57 % (RO -0.006) to close at RO 1.051. The days high and low was 1.063 and 1.030 points respectively. The total shares exchanged increased to 29974 as compared to previous day. The earlier weakness signals have formed and confirmed on April 07, on a daily close at 1.104, where candle sticks formed a bearish candle pattern close to resistance level at 1.140.The downward RS suggests an under performance Vs. MSM 30. Traders can take profit at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 1.035 level with the next support expected to appear at a lower level of 1.019. On its way up, the immediate resistance is at the 1.067 level while the next resistance is expected to be at a higher level of 1.083.

Last 1.051 52 WK. High 1.41

%Chg -0.57 52 WK. Low 0.93

Turnover 31514.417 S1 1.035

Volume 29974 S2 1.019

7D VOL Chg % 6.07 R1 1.067

30 D VOL Chg % -18.47 R2 1.083

VOLTAMP ENERGY (VOES 0.525 1.55 %)

Wait Clear Signal. VOES closed marginally up by 1.55 % (RO 0.008) to close at RO 0.525. The days high and low was 0.535 and 0.517 points respectively. The total shares exchanged increased to 47373 as compared to previous day. The earlier weakness signals have formed and confirmed on April 14, on a daily close at 0.610, where candle sticks formed a bearish candle pattern close to resistance level at 635.The downward RS suggests an under performance Vs. MSM 30. Traders can wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.517 level with the next support expected to appear at a lower level of 0.509. On its way up, the immediate resistance is at the 0.533 level while the next resistance is expected to be at a higher level of 0.541.

Last 0.525 52 WK. High 0.69

%Chg 1.55 52 WK. Low 0.37

Turnover 24883.426 S1 0.517

Volume 47373 S2 0.509

7D VOL Chg % -1.48 R1 0.533

30 D VOL Chg % -46.27 R2 0.541

AL JAZEIRA SERVICES (AJSS -0.198 0.50 %)

Take profit. AJSS closed marginally down by -0.50 % (RO -0.001) to close at RO 0.198. The days high and low was 0.200 and 0.195 points respectively. The total shares exchanged increased to 157749 as compared to previous day. The weakness signal was formed and confirmed on April 17, on a daily close at 0.203, where candle sticks formed a bearish candle coinciding with a resistance at 0.204, stochastic is overbought. . It is worth mentioning that the earlier strength signals were formed and confirmed On March 20, on a daily close at 0.194. The upward RS suggests an out performance Vs. MSM 30. Trader can take profit at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.195 level with the next support expected to appear at a lower level of 0.192. On its way up, the immediate resistance is at the 0.201 level while the next resistance is expected to be at a higher level of 0.204.

Last 0.198 52 WK. High 0.23

%Chg -0.50 52 WK. Low 0.16

Turnover 31313.052 S1 0.195

Volume 157749 S2 0.192

7D VOL Chg % -17.30 R1 0.201

30 D VOL Chg % -30.42 R2 0.204

GALFAR ENGINEERING & CONTRACTING (GECS 0.445 2.30 %)

Buy. GECS closed marginally up by 2.30 % (RO 0.010) to close at RO 0.445. The days high and low was 0.447 and 0.439 points respectively. The total shares exchanged increased to 134639 as compared to previous day. A daily close at 0.435, on May 17, is not a sign to stop out, because the support level at 0.440 was broken slightly, and volume is too weak as compared to previous days. The strength signals was formed and confirmed on May 01, on a daily close at 0.474, where candle stick formed a bullish pattern, stochastic oscillator triggered a bullish crossover, and momentum is slow down as compared to the upward move. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered clearly on a daily close below 0.440. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.438 level with the next support expected to appear at a lower level of 0.432. On its way up, the immediate resistance is at the 0.452 level while the next resistance is expected to be at a higher level of 0.458.

Last 0.445 52 WK. High 0.6

%Chg 2.30 52 WK. Low 0.35

Turnover 59930.882 S1 0.438

Volume 134639 S2 0.432

7D VOL Chg % -55.44 R1 0.452

30 D VOL Chg % -50.64 R2 0.458

OMAN QATARI TELECOMMUNICATION SAOG (NWRS -0.706 0.28 %)

Buy. NWRS closed marginally down by -0.28 % (RO -0.002) to close at RO 0.706. The days high and low was 0.712 and 0.704 points respectively. The total shares exchanged increased to 871270 as compared to previous day. The strength signals was formed and confirmed on April 28, on a daily close at 0.749, where candle sticks formed bullish pattern, stochastic oscillator triggered bullish crossover at oversold area. The downward (RS) suggests an under performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.700. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.695 level with the next support expected tao appear at a lower level of 0.685. On its way up, the immediate resistance is at the 0.717 level while the next resistance is expected to be at a higher level of 0.727.

Last 0.706 52 WK. High 0.8

%Chg -0.28 52 WK. Low 0.63

Turnover 615133.621 S1 0.695

Volume 871270 S2 0.685

7D VOL Chg % 90.00 R1 0.717

30 D VOL Chg % 73.63 R2 0.727

OMAN TELECOMMUNICATION (OTEL 1.093 0.28 %)

Buy. OTEL closed marginally up by 0.28 % (RO 0.003) to close at RO 1.093. The days high and low was 1.100 and 1.085 points respectively. The total shares exchanged increased to 89314 as compared to previous day. the strength signals was formed and confirmed on May 02, on a daily close at 1.128, where a resistance at 1.121 was broken, and volume is higher as compared to the previous days. The upward relative performance (RS) suggests an out performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 1.090. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 1077 level with the next support expected to appear at a lower level of 1060. On its way up, the immediate resistance is at the 1.109 level while the next resistance is expected to be at a higher level of 1.126.

Last 1.093 52 WK. High 1.19

%Chg 0.28 52 WK. Low 1.03

Turnover 97592.662 S1 1.077

Volume 89314 S2 1.060

7D VOL Chg % -44.25 R1 1.109

30 D VOL Chg % -36.81 R2 1.126

RENAISSANCE SERVICES (RNSS 0.941 0.32 %)

Buy. RNSS closed marginally up by 0.32 % (RO 0.003) to close at RO 0.941. The days high and low was 0.945 and 0.934 points respectively. The total shares exchanged increased to 282261 as compared to previous day. The strength signals was formed and confirmed on April 28, on a daily close at 1.049, where candle sticks formed bullish pattern, volume is higher as compared to the previous days, and stochastic oscillator triggered a bullish crossover at oversold area. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can buy at the current price or close to support levels, stop loss should be triggered on a daily close below 0.918. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.927 level with the next support expected to appear at a lower level of 0.913. On its way up, the immediate resistance is at the 0.955 level while the next resistance is expected to be at a higher level of 0.969.

Last 0.941 52 WK. High 1.34

%Chg 0.32 52 WK. Low 0.65

Turnover 265594.083 S1 0.927

Volume 282261 S2 0.913

7D VOL Chg % -66.68 R1 0.955

30 D VOL Chg % -67.09 R2 0.969

A SAFFA FOODS (SPFI 0.387 0.52 %)

Take profit & wait. SPFI closed marginally up by 0.52 % (RO 0.002) to close at RO 0.387. The days high and low was 0.395 and 0.380 points respectively. The total shares exchanged increased to 41945 as compared to previous day. The weakness signal was formed and confirmed on April 07, On a daily close at 0.424 where stochastic oscillator is overbought coinciding with a resistance level at 0.440. It is worth mentioning that the earlier strength signals was formed and confirmed on March 20, on a daily close at 0.0.379, where candle sticks formed a bullish pattern, and stochastic oscillator is oversold. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can take profit at the current price or close to resistance area, and wait on the sidelines to see how things develop. Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.381 level with the next support expected to appear at a lower level of 0.375. On its way up, the immediate resistance is at the 0.393 level while the next resistance is expected to be at a higher level of 0.399.

Last 0.387 52 WK. High 0.48

%Chg 0.52 52 WK. Low 0.21

Turnover 16240 S1 0.381

Volume 41945 S2 0.375

7D VOL Chg % -14.82 R1 0.393

30 D VOL Chg % -33.52 R2 0.399

UNITED FINANCE (UFCI 0.067 4.69 %)

Add position and wait for profit taking. UFCI closed marginally up by 4.69 % (RO 0.003) to close at RO 0.067. The days high and low was 0.067 and 0.064 points respectively. The total shares exchanged increased to 205519 as compared to previous day. The downward move from 0.070 is just a correction, and might be an opportunity to add position, where stochastic oscillator is oversold, coinciding with support level at 0.062. It is worth mentioning that the earlier strength signals was formed and confirmed on April 28, on a daily close at 0.064, momentum in the downward move is slow as compared to the upward move, volume is higher as compared to the previous days, and stochastic oscillator triggered a bullish crossover near oversold area. The downward relative performance (RS) suggests an under performance Vs. MSM 30. Trader can add position at the current price or close to support levels, and wait for profit taking, stop loss should be triggered on a daily close below 0.062.

Last
0.067 52 WK. High 0.13

%Chg
4.69 52 WK. Low 0.056

Turnover
13759.216 S1 0.066

Volume
205519 S2 0.065

7D VOL Chg %
629.83 R1 0.068

30 D VOL Chg %
191.22 R2 0.069

Resistance and support levels will be more less intact. On its way down, there is an immediate support at the 0.066 level with the next support expected to appear at a lower level of 0.065. On its way up, the immediate resistance is at the 0.068 level while the next resistance is expected to be at a higher level of 0.069.

SUMMARY OF THE DAY

Symbol Last %Chg AAIT 0.101 1.00

Turnover 12048.966 69058.525

Volume 119445 264385

7D VOL Chg % 106.39 63.15 -5.22 89.62 604.02 135.25 230.52 208.38 200.70 -52.85

30 D VOL Chg % -22.94 135.98 -31.30 72.02 427.98 129.71 83.67 308.52 178.29 -42.66

52 WK. High 0.229 0.31 0.88 0.23 0.093 0.11 0.385 0.238 0.28 0.326

52 WK. Low 0.097 0.22 0.63 0.15 0.053 0.06 0.289 0.112 0.23 0.165

S1

S2

R1

R2

Recommendation Buy Buy Stop Out Buy Buy Wait clear signal Buy Wait clear signal Buy Wait clear signal

Stop Loss 0.097 0.260 -0.150 0.053 -0.300 -0.253 --

Banks and Investment companies 0.099 0.098 0.103 0.104 0.257 0.253 0.265 0.269 0.704 0.694 0.726 0.736 0.148 0.146 0.152 0.155 0.053 0.052 0.055 0.056 0.062 0.061 0.064 0.065 0.303 0.299 0.313 0.317 0.112 0.111 0.116 0.117 0.256 0.252 0.264 0.268 0.196 0.193 0.202 0.205 ABOB 0.261 0.39 BKSB GFIC GISI OEIO OIBB OIFC ONIC TGII AACT ATMI CMII NAPI OCAI OCHL OCOI

BKMB 0.715 -0.14 503396.784 703855 0.15 -1.32 157413.736 1047302 0.054 0.00 0.063 1.61 0.114 0.00 0.26 0.00 0.199 1.02 0.262 4.38 0.065 -1.52 31444.896 17757.926 101013.08 26772.757 187510.62 29992.956 53613.478 15543.355 584715 281873 328320 234430 720129 150474 205018 238479

NBOB 0.308 1.32

OMVS 0.498 0.00 107791.596 216515

-38.68
791.07 -14.37 31.18 249.21 -37.47 -63.64 -0.25 756.92 -32.49

-59.88
62.62 -16.23 26.58 -46.34 -88.73 -54.30 -42.65 378.26 -24.94

0.53
0.5 0.122 Industry 0.31 0.36 0.088 0.55 1.34 0.5 0.7

0.36
0.23 0.054 0.23 0.25 0.053 0.35 0.95 0.34 0.48

0.491 0.483 0.505 0.513

0.258 0.254 0.266 0.270

Buy
Stop Out

0.470
0.3 0.060 -0.267 0.055 0.390 -0.340 --

0.064 0.063 0.066 0.067 Wait for profit taking 0.275 0.271 0.283 0.287 Take profit & wait 0.267 0.263 0.275 0.279 0.054 0.053 0.056 0.057 0.385 0.379 0.397 0.403 0.939 0.924 0.967 0.982 0.357 0.351 0.367 0.373 Buy Buy Buy Stop Out Buy

0.279 0.00 114478.522 410384 0.271 1.12 0.055 1.85 0.391 -1.01 0.953 0.00 0.362 5.54 0.563 0.36 38489.88 514.25 21179.5 33831.5 73720.428 15203.42 141980 9350 54153 35500 203511 27000

0.555 0.546 0.571 0.580 Take profit & Wait

RCCI
VOES AJSS GECS OTEL RNSS SPFI UFCI

1.051 -0.57
0.525 1.55 0.198 -0.50 0.445 2.30 1.093 0.28 0.387 0.52 0.067 4.69

31514.417
24883.426 31313.052 59930.882 97592.662 16240 13759.216

29974
47373 157749 134639 89314 41945 205519

6.07
-1.48 -17.30 -55.44 90.00 -44.25 -66.68 -14.82 629.83

-18.47
-46.27 -30.42 -50.64 73.63 -36.81 -67.09 -33.52 191.22

1.41
0.69 Services and Insurance 0.23 0.6 0.8 1.19 1.34 0.48 0.13

0.93
0.37 0.16 0.35 0.63 1.03 0.65 0.21 0.056

1.035 1.019 1.067 1.083 Take profit & Wait

0.517 0.509 0.533 0.541 Wait clear signal

---0.440 0.700 1.090 0.918 -0.062

0.195 0.192 0.201 0.204 Take profit & Wait 0.438 0.432 0.452 0.458 0.695 0.685 0.717 0.727 1.077 1.060 1.109 1.126 0.927 0.913 0.955 0.969 0.066 0.065 0.068 0.069 Buy Buy Buy Buy Add & wait

NWRS 0.706 -0.28 615133.621 871270 0.941 0.32 265594.083 282261

0.381 0.375 0.393 0.399 Take profit & Wait

CONTACT US

Contacts United Securities LLC Post Box No 2566 Postal Code 112 Ruwi, Sultanate of Client Services Asset Management Research Brokerage International Brokerage

Contact Person

Email

Telephone

Sumaiya Al Buloshi

info@usoman.com

+968 2476 3300

Ibtisam Al Zadjali Tara Bassit Joice Mathew Adel Nasr Wael Abdul Rasool

client_services@usoman.com assetmanagement@usoman.com research@usoman.com adel@usoman.com wael@usoman.com

+968 2476 3338 +968 2476 3352/65/49 +968 2476 3311 +968 2476 3312/13/14 +968 2476 3306/17