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Al-Quds Index rebounds upward amidst optimism

2014-08-28

Sahem Weekly Trading Report [24-28/08/2014]

Al-Quds Index has fluctuated upward and downward for the last three months, while witnessed fast price fluctuations during the Israeli aggression on the Gaza Strip. But along the blurry political scene, the fluctuations weren’t of the size of the incident. The upward fluctuations outweighed the downward ones, to be reflected in an increase in Al-Quds Index by 3.83% since the end of June 2014. The reporting of the ceasefire news had the lion’s stake of moving the optimism or pessimism, whereby, Al-Quds Index quickly rebounded upward by 1.05% during this week after reaching a long term Israeli- Palestinian truce agreement in Gaza Strip after seven weeks of war, which in turn raised new topics to be discussed such as serious negotiations.  As a natural reaction, transactions in Palestine Stock Exchange PEX were revived parallel with what supports the prices stability and increase their levels. The listed companies’ financial results in H1 2014 coincided with the positive investors’ expectations that preferred retaining their investment positions instead of abandoning them amid the political tension, to be the most important incentive and investors’ reassurance.  

During the week, some shares witnessed a distinguished performance in leading Al-Quds Index and increasing the transactions due to the speculative character on one hand and the substantial news momentum on another hand. Regarding its relative price stability, the share of Palestine Telecommunications Company PALTEL- the largest company by market capitalization- topped the PEX in terms of trading value; contributing around 35.55% of the PEX total trading value, to close at the level of JD5.58; slightly down by 0.36%. On the opposite, the share of Palestine Development and Investment Company PADICO – the largest investment company by market capitalization- gained significantly by 3.85%; and constituting the most important leverage to the Index during the week. PADICO ended its transactions that are worth 23.51% of the total PEX trading value at the level of $1.62.  Moreover, the share of Bank of Palestine BOP- the largest bank by market capitalization- could only post gains of 0.36%, to close at the level of $2.81, after transactions that constituted 7.28% of the total trading value of the week.

Regarding the active shares- the share of The National Bank TNB- which traded in a wide range due to entitling the right of subscription in the bank’s shares that will be offered for secondary subscription during the week. The substantial news witnessed a momentum at the end of the week after announcing signing a memorandum of understanding with Bank Al-Etihad in Jordan to acquire its assets and liabilities in Ramallah, Palestine, whereby, Bank Al-Etihad will become a strategic partner in TNB’s paid up capital that will reach $75 million after a 10% subscription. As a result of these developments, TNB stabilized at the end of the week, to close at the level of $1.14 after touching the $1.25 level.

 

 

 

 

 

 


 

2018-02-19
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

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

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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

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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