Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index below the 500 points level

2014-07-10

Sahem Weekly Trading Report [06 – 10/07[2014

The situation of Palestine Stock Exchange PEX is still under the Palestinian political developments mercy. The expectations for a near positive outlook are difficult amid the acceleration of negative news regarding the security situation in the West Bank and the escalation of the Israeli aggression on Gaza Strip.  Since the acceleration on the politics aspect, Al-Quds Index declined by 5.2% among weak transactions that coincide with diminishing in the investment appetite and intensive selling offers, which in turn, resulted in controllable declines due to the weak sales force that resulted from small investors. Over the years, the PEX passed through similar or sometimes harsher political circumstances, but was able to limit their consequences with least damages. The increase in the local investor’s awareness regarding the Palestinian investment atmosphere and what follows of political risk factors coinciding with growing the listed companies’ profits and shareholders’ equity and improving the regulations, have had the greatest impact in promoting the confidence principle among the investors in the investment feasibility of the PEX to result in preponderance of holding the investment positions every time the PEX enters into the anticipation phase with all its degrees and kinds.

Deterioration of the events in Palestine coincided with the PEX entry into some routine anticipation. The relative inactivity of the PEX in the holy month Ramadan on one hand, and the expectations for the H1 2014 financial statements disclosures on the other hand resulted in transactions scarcity and price declines. Given their heavy weights and being the more exposed on the Palestinian economy, some blue chips declined during the week, forcing Al-Quds Index to close in the red zone below the 500 points level that were maintained in the previous week within attempts to rebound from. During the week, the PEX trading value recorded an amount of $2.37 million, whereby, an institutional transaction on the shares of The Arab Islamic Bank AIB constituted 25% from it. On the other hand, the price movements were slow, but wide for some shares, to lead Al-Quds Index to record a new low level in the year 2014.

Regarding the trading of the blue-chips, the share of Palestine Telecommunications PALTEL- the largest company by market capitalization- topped the PEX in terms of trading value, to constitute 42% of the PEX total weekly trading value. PALTEL share declined by 0.18% and closed at the level of JD5.41. The anticipation increases towards PALTEL’s H1 2014 financial results disclosure, to contribute in configuring a wide image for the expected return on investment at the end of the year. Moreover, the share of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- declined in a higher pace since it holds several characteristics that lead to its decrease in the unstable situation, such as: the relative high free float rate as well as its low market price and what follows of the speculations on the share. PADICO’s share is also more than any other exposed on the general issues due to the company’s investment network in almost all vital sectors that are affected with the positive or negative changes. In this context, PADICO’s share closed at the level of $1.41; down by 3.42% through transactions that constituted 11.5% of the PEX total trading value of the week. 

 

 

 

 

 

 


 

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