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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. 

 

 

 

 

 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

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

 

 

 
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