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Horizontal performance for Al-Quds Index amid growing general anticipation

2014-09-04

 

Sahem Weekly Trading Report [31/08-04/09[2014

With receding in the reasons of the negative uncertain price fluctuations in Palestine Stock Exchange PEX; Al-Quds Index horizontally traded following entering the long term truce agreement in Gaza Strip into force, which in turn led all parties to start anticipating the coming situation. Several important issues will be discussed in this period, including: reconstructing the Gaza Strip, resuming negotiation between the Palestinian and Israeli and the Palestinian initiative for a Palestinian state. This contributed in increasing the local investors’ routine anticipation with varied optimism degrees. Despite the ability of the PEX to isolate itself as possible from the negative political changes; anticipation is always a stage in the matter for investing in order to ensure its sustainability.

Within the essential market drivers that reflect the general performance, the leading companies’ performance balanced the index compared to the previous week. Following the narrow performance of the share of Palestine Telecommunications Company PALTEL- the largest company by market capitalization-, it ended its weak trading at the level of JD5.60; slightly up by 0.36% within weak transactions. On the other hand, the price range of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- expanded, to close at the level of $1.63; up by 0.62% and contributing around 39.88% of the PEX total trading value during the week. As for the largest bank by market capitalization- Bank of Palestine BOP-, its price slightly decreased by 0.36%, to close at the level of $2.80, after medium-sized transactions. Among the active share; Palestine Industrial Investment Company PIIC recorded trading value of $0.32 million.

On the listed companies’ news, it is expected that September and October of 2014 will witness a momentum in secondary subscription due to the readiness of the National Bank TNB and the Palestinian Company for Distribution and Logistics Company WASSEL to start offering their capital increase shares for secondary subscription for their shareholders. Moreover, several companies announced holding their board of directors BOD meetings during September to discuss their financial results and other issues. From these leading companies, PALTEL announced holding a BOD meeting on 18/09/2014, on the other hand, PADICO announced holding a BOD meeting on 17/09/2014, while, BOP will be holding a BOD meeting on 14/09/2014. Regarding the general news, amid this week, the PEX first traded Palestinian bond that was listed in the debt instrument sector. This came as a requirement to raise the bank’s capital.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

2020-09-24
Al-Quds Index below the 440 points level amid scarce liquidity

2020-09-17
Transactions on APIC raise the trading value fiery

2020-09-17
Delisting the stocks of the Arab Real Estate Establishment ARE and Globalcom Telecommunications GCOM from the PEX

2020-09-10
The PEX records average PE of 20.9x in H1 2020

2020-09-03
Al-Quds Index in the green zone amid medium-volume transactions

2020-09-03
PRICO realizes net loss of JD0.73 million in H1 2020

2020-09-03
JCC reports net income of JD0.27 million in H1 2020

2020-09-03
BPC records net income of $3.62 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
PIBC posts net income of $1.21 million in H1 2020

2020-09-03
GMC posts net income of JD0.28 million in H1 2020

2020-09-03
WASSEL realizes net loss of $0.19 million in H1 2020

2020-09-03
AHC realizes net income of JD1.49 million in H1 2020

2020-09-03
JPH posts net income of $1.17 million in H1 2020

2020-09-03
TNB realizes net loss of $0.98 million in H1 2020

 

 

 
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