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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%.

 


 


 

2018-02-25
BJP proposes 15% cash dividends for the year 2017

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

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

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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