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Blue-chips continue to gain and Al-Quds Index among new levels

2014-01-09

Sahem Weekly Trading Report [05 – 09/01[ 2014

The trading of the first week of the year 2014 was unique; characterized with activity and rapid price movements.  The positive optimism stems from fundamental indicators built in Palestine Stock Exchange PEX for years; enhanced by the distinctive financial performance of the listed companies, growing dividends distributions and the policy of reserving and maintaining the investments against all obstacles and is added up by any hope to approach any political solutions.  Despite the varied behavior of investors in building their portfolios based on their investment strategies, all attentions head towards the annual financial statements of companies, to predict the financial returns from the distributed dividends from one hand and the capital gains from another hand. The optimism stemming from the feasibility of investment in Palestine Exchange is also associated with the period’s dynamics which are to what may result from the initiative of the U.S. Secretary of State John Kerry.

During the week, Al-Quds Index reached price levels that have been abandoned for more than five years within fiery performance of the leading companies with the highest weights in Al-Quds Index and high turnovers. The biggest challenge is now structured around accessing liquidity with variable resources, objectives and sizes to create new momentum and break through these new levels- that historically are considered physiological- to preface the gradual growth in the market capitalization as healthy corrective movements in the capital market. It is worth mentioning that the investors started purchasing activity since the beginning of the current year- especially in the first quarter, in intention for profits entitlements during the general assembly meetings. Regarding this week’s trading, the growth in the high weighted leading shares - that exceed 50%- was the most significant when the shares of both Palestine Telecommunications PALTEL and Palestine Development & Investment Company PADICO were the core leverage for the increase in Al-Quds Index by 0.91% due to active liquidity.

The share of Palestine Telecommunications PALTEL achieved significant weekly gains of 1.89%, to close at the level of JD5.93, touching through its transactions that valued $1.56 million the level of JD5.98; the highest level achieved since June 2009. Moreover, the share of Palestine Development & Investment Company PADCIO increased by 0.71% to close at the level of $1.41 after transactions of $2.86 million, leading the share to touch the level of $1.43; the highest level achieved since July 2010.  What is never forgotten is the historical price correlation between both shares, whereby, traders closely monitor this relation since acquiring a strategic stake in PADICO of 16.3% by PALTEL and what has this deal imposed of great exposure between the two companies.  

On the other hand, as it is considered a city for various investment funds and a center for capital pooling from several countries in the world and a base from which many international companies export their financial investments to several countries around the world especially the Middle East, the leaders of Palestine’s Export and investment community will be visiting London on the 16th and 17th  January 2014 to reinforce trade links between the UK and Palestine and attract investment to the nation’s flourishing stock market. The Road Show is part of a strategic drive to increase exports of the Palestinian services sector by promoting potential investment opportunities in the Palestinian economy and portraying success stories of listed companies. It also aims at attracting institutional investors to stocks listed on the Palestine Exchange (PEX), building long term relationships with UK companies, and demonstrating the promising trading environment that Palestine represents.

 

 

 

 

 

 


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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