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The PEX isolates itself from regional stock markets’ dilemmas

2014-12-18

Sahem Weekly Trading Report [14-18]-12-2014

No substantial news in Palestine Stock Exchange PEX arose in this week that may support a certain price trend. The general situation is still associated to the local political and economic anticipations. With the approaching end of the year 2014, the cautiousness and optimism arise together to the next year amid the ability of the PEX to isolate itself from any regional variations on one hand, and the sharp fluctuations in the regional stock markets on another hand. Amid unstable week in the Gulf based markets, Al-Quds Index witnessed relative price balancing performance, coinciding with the liquidity scarceness that is attributable to lack of selling offers on the prevailing price levels. However, it is worth mentioning that the speculators category prefer wide or quick price movements, nevertheless, the investment environment -with its unique entity- of the PEX imposes an investment nature that its trends are associated with politics or substantial intrinsic issues of the listed companies.

Regarding the anticipation of the year 2015; estimations regarding the Palestinian economy reported. Whereby, Palestine Monetary Authority PMA expected, in a recent released report, a relative recovery in the Palestinian economic performance during 2015.  Accordingly, Real GDP is expected to accomplish growth by 2.9%, compared to the year 2014, in addition to an increase in the value added for the private and public sector. The report also includes expectations of increases in the total final consumption, total investments, exports and imports, in addition to a decrease in the unemployment rate following the expected increases versus a general stability in prices. These 2015 expectations will be accomplished if a political and economic stability appears. However, these indicators could be reflected in either positive or negative shocks in the case of radical change in the political or economic situation, especially in terms of the flow of donations and Gaza reconstruction fledges and security status.

In another context, executing an institutional transaction on The National Bank TNB’s stocks increased the trading value in Palestine Stock Exchange PEX; to contribute in 41.62% of the PEX’s total trading value. In terms of blue-chips, Palestine Telecommunications PALTEL maintained relative horizontal performance, to record slight gains of 0.73%, when closed at the level of JD5.54 after recording transactions worth $0.83 million. Moreover, the stock of Palestine Development and Investment Company PADICO increased by 2.31%, to close at the level of $1.33 through transactions worth $0.35 million. Trading on Wataniya Palestine Mobile Telecommunications WATANIYA’s stock was active, reaching $0.41 million. The stock recorded gains worth 4.48% when closed at the level of $0.70.

 

 

 


 

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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