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Al-Quds Index in the green zone for the second week in a row

2014-06-05

Sahem Weekly Trading Report [01-05/06[ 2014

The blue-chips stocks in Palestine Stock Exchange PEX supported the balancing of Al-Quds Index above the 520 level, in which dropped from in the previous few weeks to record its lowest level during the year 2014.  The majority of shares reinforced their support levels in parallel with the slight optimism that appeared following retaining the investment positions by several traders’ categories.  The decisions of the majority of traders’ categories that are based on the attractive stock prices compared with their financial returns are what explained this cohesion, despite the continued uncertainty that dominates the majority of the components of the Palestinian economy that relies purely on the political issues. 

Within this week’s trading, executing an institutional transaction on the shares of The Arab Islamic Bank AIB increased the PEX trading value and daily average trading value compared to the previous week of April and May 2014. The institutional transaction constituted 28.56% of the PEX total trading value during the week. Regarding the activity and price movement, the balancing in the price directions for several heavy weighted shares led Al-Quds Index to close in the green zone; up by 0.80% than the corresponding week. This increase came due to the preponderance in growth of the leading share of Palestine Development and Investment Company PADICO, to close at the level of $1.58; significantly up by 5.33% after relative enhancement in the transaction of the previous sessions, to reached 29.98% from the PEX total trading value, to top the PEX in terms of trading volume. PADICO witnessed a positive and optimistic performance, leading it to touch the $1.60 level during the trading sessions. This increased the anticipation of speculators for the next week trading around resistance levels. 

The share of Palestine Telecommunications PALTEL traded in a wide range, to record an increase of 2.89% compared to the lowest touched level of the previous week. This came in attempts to ride the speculative wave on PALTEL’s share especially with the approaching end of H1 2014 and the dominated optimism of the disclosed financial results. PALTEL ended its transactions that reached 20.80% from the weekly trading value at the level of JD5.59; down by 1.76% than the previous week. It is worth mentioning that the board of directors BOD of the company will be holding a meeting on 08/06/2014 to discuss the financial results of April 2014. Regarding Bank of Palestine BOP, it decreased by 0.34% to close at the level of $2.89 through transactions that constituted 10.75% from total trading value.

Regarding the substantial listed companies news, the BOD of Palestine Investment Bank PIBC announced its intention to offer 45 million shares from secondary subscription to the bank’s shareholders as for 26/06/2014 with a par value of $1, to compensate the difference between the authorized and paid up capital. This came coinciding with raising a recommendation to distribute 6.5% dividends to the shareholders, divided into stock dividends of 3.77% and cash dividends of 2.73%. The general assembly GA will be holding its meeting on 12/06/2014.

 

 

 

 

 

 

 

 


 

2018-02-25
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PIIC proposes distributing 8% cash dividends for the year 2017

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The PEX records average PE of 13.8x and average P/BV of 1.23x

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NSC posts net income of JD0.37 million at the end of 2017

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APC reports net income of JD1.20 million at the end of 2017

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PIBC reports net income of $3.91 million at the end of 2017

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PID realizes net loss of JD0.01 million at the end of 2017

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PRICO realizes net loss of JD13.49 million at the end of 2017

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RSR reports net income of JD0.48 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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JCC posts net income of JD0.51 million at the end of 2017

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ABRAJ records net income of $2.25 million at the end of 2017

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WASSEL posts net income of 0.06 million at the end of 2017

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SANAD records net income of $10.05 million at the end of 2017

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BPC records net income of $10.28 million at the end of 2017

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PADICO posts net income of $5.68 million at the end of 2017

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WATANIYA realizes net losses of $6.64 million at the end of 2017

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NCI posts net income of $0.16 million at the end of 2017

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AHC realizes net losses of JD1.52 million at the end of 2017

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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

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JREI posts net income of $0.01 million at the end of 2017

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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

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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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