Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Poor performance amid the absence of drivers

2014-05-15

Sahem Weekly Trading Report [11-15/05[2014

Palestine Stock Exchange PEX continued its poor performance under the neutral atmosphere that prevails in the region in general and the investment environment in particular, amid a complete absence of new incentives and lack of liquidity, which in turn, represent the essential missing leverage. Within this week, Al-Quds Index fluctuated in a narrow price range due to the continuing attempts of the leading shares to rebound upwards through exchanging their roles in leading Al-Quds even with minor leaps. While there is no doubt that the stability of the leading shares at the prevailing prices, dominates serenely and confidence among many traders’ categories especially after the financial solvency and unique operational activity that the listed companies excelled and what has resulted of wide variety investment alternatives to attract investment in the PEX, side by side by what characterizes the PEX of limited linkage with any external factors.

Regarding the week’s trading that was characterized with slow movements and transactions satisfying, Al-Quds Index declined by 0.68% to close in the red zone. However, the share of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- constituted around 33% of the PEX’s total trading value. PADICO traded within relatively wide price range to constitute around 7.7% compared to the lowest recorded price during the week. On the other hand, the share closed in the last trading session of the week at the level $1.43; down by 4.03% within trading averages that decrease more than five times than it’s corresponding in Q1 2014. It is worth mentioning that the general assembly GA of PADICO will be discussing, on its meeting on 19/05/2014, distributing 6% cash dividends for its shareholders.

Regarding the most active shares, the trading value of Bank of Palestine BOP recorded an amount of 23% from the PEX total trading values, to maintain its same level of closing at $2.87. Moreover, the share of Palestine Islamic Bank ISBK followed BOP in terms of trading value, to constitute around13% from the PEX weekly trading value, and also maintained its previous closing at the level of $1.20 . Regarding the leading share and the largest share in terms of market capitalization and heaviest share in Al-Quds Index sample- the share of Palestine Telecommunications PALTEL-, it witnessed a decrease of 0.89% to close at the level of JD5.54 through weak transaction that haven’t exceeded $150 thousand.
With the declining pace of holding the GA meeting, the GA of The National Aluminum & Profile Company NAPCO held a meeting at the end of the week, whereby, approved distributing 5% cash dividends for the shareholders as for 07/05/2014, to record dividends yield of 6.76%. While it is expected that 2 other companies will be holding their GA meetings during the third week of May 2014, whereby, one of them will discuss cash dividends distributions.

 

 

 

 

 


 

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

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