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Al-Quds Index rebounds on attractive market indicators for stocks

2014-05-29

Weekly Trading Report [25-29/05[ 2014

One of the constituents of internal affairs in Palestine has seen the light with starting to reach a consensus on forming a government of national unity. On the other hand, the anticipation remains current regarding the new government’s impact on the Palestinian economy and its institutions development on one hand, and the type of contact with the U.S and Israeli parties on another hand. With these developments, Palestine Stock Exchange PEX- the most exposed to the political and economic factors- continues to reflect some negative indicators as a result of the uncertainty of the political horizon.  The lack of liquidity and rigidity of trading remain to be the most obvious, but there is no doubt that the PEX observer clearly identified the bottom for Al-Quds Index that the leading shares pulled around due to the reached low prices that report attractive market indicators, especially with the disclosed financial results of Q1 2014, leading the observer to predict his financial return’s stability this year as a minimum.

Within the week’s trading that is characterized with weakness compared to the average daily trading value of Q1 2014, the share of Palestine Telecommunications PALTEL topped the PEX in terms of trading value to constitute 41.34% of this week’s four trading sessions, to close at the level of JD5.69; up by 5.37% than its previous closing, to contribute in the rebound of Al-Quds Index. It is worth mentioning that PALTEL trades at PE ratio of 7.21x and P/BV of 1.54x. Regarding the blue chips, the share of Palestine Development and Investment Company PADICO recorded significant gains of 9.49% through medium-volume transactions that constituted 23.71% of the PEX’s total trading value. PADICO closed at the level of $1.50, to trade at a P/BV of 0.85x and PE of 12.97x. On the other hand, PADICO will be holding a board of directors meeting on 25/06/2014.

In terms of active stocks, the trading value of The Arab Palestinian Investment Company APIC increased due to executing several institutional transactions through the trading sessions, to record $0.51 million. APIC stabled to close at the level of $17. It is worth mentioning that the company approved distributing 19.98% stock dividends to increase its paid up capital to $70 million divided into 70 million shares. It is worth mentioning that the company trades at a PE ratio of 6.15x. On the other hand, the share of Bank of Palestine BOP increased by 0.69% to close at the level of $2.90 through transactions worth $0.53 million. BOP also records PE ratio of 8.67x. It is worth mentioning that the bank held its board of directors meeting at the beginning of the week without taking any substantive decision to affect the share’s price.

Regarding the GA meetings that witness lower momentum, the GA of Dar Al-Shifa Pharmaceuticals PHARMACARE will be holding a meeting on 09/06/2014 to discuss distributing 8% cash dividends for the year 2013, to record dividends yield of 2.10%. On the other hand, Palestine Investment Bank PIBC will be holding a meeting on 11/06/2014 to discuss distributing 3% cash dividends and 3.77% stock dividends.

 

 

 

 

 

 


 

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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