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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.

 

 

 

 


 

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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