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Al-Quds Index depends on the coming days developments

2014-07-24

Weekly Trading Report [20-24/07[2014

 

Within the weak liquidity indicators in Palestine Stock Exchange PEX that was limited to 4 trading sessions, Al-Quds Index performance was characterized with stability and solidness after trading in a narrow range that didn’t exceed the 4 points, strengthening itself above the 500-points level due to price strength coinciding with the receding in small sales and lack of accumulation of others in the offers depth. Without any distinguished performance in the PEX and with the continuation of anticipation of the development in the investment environment in the political and security conditions in Palestine – as being an integral part of any State elements and the interface of the Palestinian economy that is most affected by the political situation-, Al-Quds Index stays under the coming days mercy of what may follow of declaration of the truce in Gaza Strip. On the other hand, the PEX enters in a long holiday starting from Thursday evening 27/04/2014 and ending on Sunday Morning 03/08/2014 on the occasion of Eid Al-Fiter, which mediates the end of two consecutive weeks, to deviate itself a little bit away from the consequences of any developments in the coming days, in hope for a recession in the negativity at the end of the period. There is no doubt that the observer touched the PEX ability to balance itself during the Israeli aggression days on Gaza Strip, and to isolate itself as much as possible, but the investment appetite has substantially fallen through this situation.

 

All shareholders categories of the listed PEX companies are anticipating the financial statements disclosure after the PEX return to resume its business as usual. Whereby, the PEX grants each listed company a period of one month and a half to disclose their semi-annual financial statements after approving them from the external auditor. In this context, Wataniya Palestine Mobile Telecommunications Company WATANIYA was the first to disclose its financial results, whereby, announced realizing net loss of $8.15 million in H1 2014 compared to a net loss of $11.57 million in H1 2013. It is worth mentioning that the company witnesses a decrease in its revenues by 3.34% despite an increase of 8.30% in the company’s subscribers coinciding with a decrease in the average monthly revenues per subscriber. The company also reduced its allowance for doubtful accounts and administrative expenses, leading to shrink the H1 2014 net loss by 29.5% compared to the corresponding period.

 

Regarding this week’s trading, the balancing in the blue-chips prices played an important role in the minor change in Al-Quds Index. In the trading context, the share of Palestine Telecommunications PALTEL- the largest company by market capitalization- stabilized to close at the level of JD5.41 after transactions that constituted 49.27% of the overall trading value of the week. Moreover, the share of Palestine Development and Investment Company PADICO-the largest investment company by market capitalization- decreased by 3.25% to close at the level of $1.49 through transactions that contributed for 19.58% of this week’s overall trading value. On the other hand, the share of Bank of Palestine BOP- the largest bank by market capitalization- stabilized on its last week’s closing at the level of $2.79, through transaction worth 10.83%.

 


 


 

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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