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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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

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

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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

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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

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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

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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