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Al-Quds index stalls amid incentives’ scarcity

2014-12-11

Sahem Weekly Trading Report (30/11-04/12)  

Within a price balance that is leaning to rise, Al-Quds Index traded in a range that didn’t exceed 7 points due to a varying in the blue-chips prices’ performance during the week that witnessed different weights impact following the different companies’ market capitalizations. Whereas the liquidity indicator in Palestine Stock Exchange PEX increased significantly to $17.06 million due to executing several institutional transactions including the stocks of four companies; their trading value constituted 93.77% from the PEX’s total trading value. The other transactions were slow in movement and scarce in volume. The stock of Bank of Palestine BOP topped the PEX in terms of trading value when recorded institutional deals of $12.03 million. The stock of Palestine Securities Exchange PSE- owned by PADICO Holding by 74.75% as for 30 September 2014- followed BOP’s stock. Moreover, the stocks of both Palestine Investment Bank PIBC and the Palestinian Company for Distribution & Logistics Services WASSEL followed the two mentioned stocks.

Regarding the blue-chips, the stock of Palestine Development and Investment PADICO – the largest investment company by market capitalization- witnessed severely weak transactions that didn’t exceed $90 thousands, whereby, touched-through them- levels close to previous support levels, while PADICO’s stock rebounded from to close at its previous closing of $1.25. It is worth mentioning that the board of directors BOD of PADICO held a meeting on 03/12/2014 and discussed the company’s performance and the latest projects and future plans developments. On the other hand, the stock of Palestine Telecommunications PALTEL- the largest company by market capitalization- increased significantly by 2.22% when closed at the level of JD5.52 at new resistance levels. This increase came following medium volume transactions worth $0.57 million. Moreover, the BOD of PALTEL held a meeting on 02/12/2014, whereby, approved the financial data till the end of October 2014 and discussed the business plan and estimated budget for the PALTEL group’s companies.

Regarding other news and within the 5th issue of the BME 100 Magazine for the year 2014 that is issued by CPI Financial Institution- competent in assessing the financial performance of banks in the Middle East- , the quantitative financial analysis studies noted that the National Bank TNB topped the other Middle Eastern banks in terms of assets’ growth that reached 51% in the year 2013.  Moreover, the financial analysis studies of the Banker Middle East 100 Magazine noted that TNB was ranked in the first place among other banks in the Middle East for the year 2013 in terms of liabilities growth by 58% to reach $474,633 million, while the average increase in Palestine is in general 21%. TNB also came in second place among the Middle Eastern Banks in terms of growth of gross revenues that hit 42%, and in the second place in terms of growth in profits by 78% following Bank Alkhair of Bahrain. It is worth mentioning that TNB was crowned in H1 2014 with the award of the fasted growing bank in Palestine for the year 2014 by the Banker Middle East Magazine.

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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