Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013