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Idleness dominates the PEX amid scarce liquidity

2014-11-27

Sahem Weekly Trading Report [23-27/11[2014

 

Amid the state of political stagnation, the low liquidity levels that dominated the trading in Palestine Stock Exchange PEX for several weeks continued to heavily decline. Amid the receding in the liquidity flow -either new or internal circulation-, the liquidity scarcity reasons are still affected by an anticipation that is far from the stereotyping and routinely of this period of time, but is related to chances of reaching a comprehensive solution on the basis of the applicable international references. While the PEX is characterized with a unique nature of anticipation stages’ succession with their varying reasons, whereby, investors are not able to complete building their investment portfolios until new anticipation features appear in the horizon. This week, political factors that dominate the PEX’s performance didn’t change, leading the price movement to move within its narrow range and end with a semi-relative balance in Al-Quds Index; waiting for an image clearing in the general trend, to activate the idleness that dominate the PEX.

According to the week’s trading, the share of the Arab Palestinian Investment Company APIC topped the PEX in terms of trading activity, to record an increase in trading value to $2.15 due to trading 2.01 million shares through executing institutional transactions in the last two trading sessions of the week. APIC ended the week with an increase by 1.85%, to close at the level of $.1.10 Regarding the blue-chips, the transactions of Palestine Telecommunications Company PALTEL were weak; not exceeding $0.39 million, whereby, the share declined by 0.55%, to close at the level JD5.40. On the other hand the share of Palestine Development and Investment Company PADICO witnessed scarce trading and slow price movement , whereby, it declined by 1.57%, to close at the level of $1.25. It is worth mentioning that the two companies will be holding their board of directors BOD meetings in the coming week to discuss the operating results and business plans.

Regarding the general economic indicators, Palestine Monetary Authority  issued the Inflation Report for Q3 2014, noting that the inflation rate in Palestine reached 2.3 percent in the third quarter of 2014 compared with the third quarter of 2013. The inflation rate was higher than that registered in the previous quarter (1.3 percent), and in the corresponding quarter of 2013 (1.4 percent).The rate is also much lower than that registered in the MENA region (8.1 percent), but higher than in Israel (0 percent). The analysis revealed that inflation in Palestine is largely imported and shows high sensitivity to world prices, particularly food and fuel.

 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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