Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Price correction and rebound in the stock market with variation in traders classes

2014-02-06

Sahem Weekly Trading Report [02-06/02] 2014

Palestine Stock Exchange PEX started the week by breaking through the 600 points level in the first trading session of the week, amid the domination of the investors’ optimism factor over any other factor related to the market. The PEX entered a correction starting the second trading session of the week, in trials for Al-Quds Index to stabilize above the physiological barrier that was dominated by the speculators’ profit taking transactions and selling pressure on the leading shares in reflection of the routinely investors’ decision basis variations in the PEX. Within active circulation and shifts among investment positions , Al-Quds Index rebounded upwards by 1.19% from its low touched level during the correction, amid market price purchasing transactions and other bids strengthening the support levels on the leading shares. Following the correction and rebound, new important elements entrenched in the PEX that are needed by all elements of the capital market and compatibility of investors. 

During the week, the daily average trading value reached $4.17 as a result of a continuous trading momentum on the leading shares of both Palestine Telecommunications PALTEL and Palestine Development & Investment Company PADICO, in which, both contribute in 70.89% of the PEX’s total trading value. The trading value was also increased due to executing several high-volume institutional transactions on the shares of Palestine Islamic Bank ISBK. In the market, the share of Palestine Development & Investment Company PADICO- the largest investment company by market capitalization- topped the PEX in terms of trading volume; constituting around 51.66% of the PEX’s total trading volume and trading value as well; constituting around 46.21% of the PEX’s total trading value. Amid the correction, several investors were willing to seize the wide price range of PADICO when recorded a percentage of 11.58%; to accelerate the price movements on the share leading to reduce the profit-taking wave that compelled the share to record losses that exceeded the 9% during trading. This guided PADICO to rebound closing at the level of $1.79; slightly down by 0.56%. The performance of the largest company in the PEX by market capitalization- Palestine Telecommunications PALTEL- was not different from the performance of PADICO when recorded a wide price range of 4.69% that resulted from the domination of purchasing bids on its lowest level, to rebound closing on the level of JD6.45; down by 3.44% than its previous week’s closing through transactions that constituted around 24.68% of the PEX’s total trading value. It is worth mentioning that the BOD of PALTEL will be holding a meeting on 12/02/2014, whereby, will approve the preliminary financial statements for 2013.

Regarding the PEX’s incentives and the acceleration of the listed companies’ disclosures, the National Insurance Company NIC disclosed recording net income of $5.59 million for the year 2013; up by 17.46% than the year 2012. This was supported by a growth in the investment profits and other revenues, which compensated the decline in net insurance profits after investment income and general & administrative expenses. On the other hand, Wataniya Palestine Mobile Telecommunications WTANIYA announced decreasing its net loss for the year 2013 by 10.50% compared to the year 2012 to reach $21.32 million due to an increase in the company’s revenues by 6.06% due to an increase in the company’s subscribers by 4.59% that resulted in enhancing the operating income. In parallel to the disclosures, the chairman of The Vegetable Oil Industries Company VOIC proposed to the GA that will be holding a meeting in the second half of April distributing 50% cash dividends for the year 2013, to record a return of 7.14% according to the last market price recorded.

 

 

 


 

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

 

 

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