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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.

 

 

 

 

 

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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