Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

28.5% growth in total net income of companies in 9M 2013

2013-11-06

 Sahem Weekly Trading Report[03-06/11] 2013

With the end of the interim financial statements momentum in hope to overcome the routinely periodic anticipations, the total net income for the period ended on 30/09/2013 of listed companies significantly grew by 28.50% to settle at $188.74 million compared to the corresponding period of 2012. Moreover, the percentage of companies that achieved profits for this period reached around 77%, whereby, 51% managed to increase their profits. Within this context of successive progress in profits, the beholder in Palestine Stock Exchange PEX- with an investment intension- is motivated for PEX feasibility by two essential factors with no other alternatives. The first stems from the fact that the companies’ shares’ prices are relatively stable with attractive market indicators and annual cash dividends return, and the second stems from the accumulation of the profits that have accelerated growth rates higher than the dividends ascending rates and maximize the shareholders equity from one side, and puts the beholder among an anticipation for potential price correction following these accumulation from another side.  

During the first week of November, the liquidity indicators witnessed a relative activity without any noticeable change in prices. This came in contrary to the last week of October that witnessed price movements. The witnessed activity- even if slight- can be due to the disclosed financial statements, but definitely the leading shares with the heaviest weights in Al-Quds Index still maintain the largest trading volume, within exchanging their leading roles. Regarding the price movements, Al-Quds Index traded in a narrow range during the week that didn’t exceed the 4 points.

Regarding the blue-chips, the share of Palestine Telecommunications PALTEL – the largest company by market capitalization and the heaviest weighted share in Al-Quds Index- topped the PEX in terms of trading value when reached $2.92 million; contributing around 65% of the PEX’s total trading value. PALTEL’s transactions witnessed a momentum and quick transactions amid accumulation of purchasing bids around important support levels. Furthermore, PALTEL closed at the level of JD5.12; down by 0.39%. Regarding the leading share in the investment sector; Palestine Development and Investment Company PADICO closed at the same level of its last week closing at $1.03 within a trading range of 4% and through transactions worth $0.70 million.

On the other hand and regarding the companies’ substantial news, the BOD of The Arab Palestinian Shopping Center PLAZA approved the Arab Palestinian Investment Company APIC"s request to subscribe the unsubscribed shares of 4.24 million (by its total stake of 3.04 million shares in addition to the unsubscribed shares by the other shareholders of 1.19 million shares) through capitalizing their due debt on PLAZA. Moreover, the BOD of The Arab Islamic Bank AIB assigned the shareholders as of 20/11/2013 for the secondary subscription in order to complete the paid up capital.

 

 

 

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013