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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.

 

 

 


 

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

 

 

 
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