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Palestine Capital Market Authority approves margin trading instructions

2013-12-19

Sahem Weekly Trading Report [17-19/12] 2013

Al-Quds Index ended its week’s transactions that were limited to three trading sessions only due to the bad weather situation with a slight increase of 0.18%, supported mainly by the balancing in the prices directions of the leading shares. During the current month, the leading shares with the highest weights in Al-Quds Index and highest market capitalization kept on supporting the stability of the Index above levels retained by a category of investors, to form an important support for optimism to the securities’ sector parties to what might be construed in the coming period . With the approaching end of the year 2013, Al-Quds Index recorded gains of 11.63% compared to its previous year 2012’s closing, achieved by having a special entity in terms of seasonal price movements or routine links.

Within the week, the share of Palestine Telecommunications PALTEL- the largest company by market capitalization- was the most active share, when its trading value reached $2.85 million. PALTEL’s share increased by 0.18% within a range of 1.59% from its lowest recorded level during the week to close at JD5.71. The anticipations grow for PALTEL’s financial statements disclosures for the year end 2013, to form more precise image about the yearend net income and earnings per share to forecast the dividends distribution amount.  On the other hand, the share of Palestine Development and Investment PADICO- the largest investment company by market capitalization- stabilized at the level of $1.34 after transactions worth $0.89 million. PADICO traded within relatively wide price range, constituting around 4.58% from the lowest price touched during the week, amid the appearance of purchasing bids in the price depth.  In contrary, the share of Bank of Palestine BOP- the largest bank by market capitalization- increased by 0.33%, to close at the level of $3.07 through transactions worth $0.76 million.   

In another context, the board of directors of the Palestinian Capital Market Authority approved issuing the instructions of margin trading , which included requirements and conditions for licensing the brokerage firms to operate margin trading in terms of capital requirements and technical system for information processing as well as the  ongoing financial obligations that must be provided, parallel to the obligations of the market in terms of defining the permitted trading stocks on margin, in accordance with the regulations and standards adopted by the PCMA in this regard.This comes is the framework of the Palestinian Capital Market Authority’s efforts for the implementation of plans to promote and stimulate trading volumes in the stock market  in cooperation with relevant parties in the securities sector, and that was including the introduction of two markets’ classifications; the primary market and the second market, in addition to the Authority"s decision to increase the margin of fluctuation for listed securities in the stock market so that the margin of fluctuation of securities in the primary market to be 7.5 %  while 5% in the secondary.

 

 

 

 


 

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

 

 

 
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