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Al Quds Index is nearing the 500 pints prior to the end of the year

2014-12-24

Sahem Weekly Trading Report (21-24)-12-2014

 

With the approaching end of the current year 2014, the routine trading signs are rapidly appearing at the end of the year. Some may suggest what the New Year brings, and some may reinforce the balanced standing of Palestine Stock Exchange PEX, while others may dominate investors’ confidence in the attractiveness of the listed Palestinian equities and their beliefs about maintaining their investment positions waiting for a growth that is supported by the flow of institutional and foreign liquidity. Undoubtedly, the PEX’s transactions are spelled with anticipation for satisfactory economic data, positive changes in the political situation or progress in listing the PEX on emerging markets indices. In any case, the financial and operational performance of the companies for 2014 is still the largest dominator on the investment decisions of traders in order to monitor the turning points in the nature and identity of their investment plans for the next year.

Within significant weekly gains, Al Quds Index had succeeded to return to trade around the level of 500 points, whereby reducing a good portion of the fourth quarter’s drops, which were recorded following the blue chips’ disclosures for a decline in their profits in 9M 2014 in effect of the war on Gaza. This increase and the gradual increases for the last three weeks came within an improvement in the prices of the leading shares; namely Palestine Development & Investments, Palestine Telecommunications and Wataniya Palestine Mobile Telecommunications. Although of the different weights of these companies in Al Quds Index, but the performance was almost every time within the balance that was more likely to rise, until it reached in turn to achieve gains and reduce losses. As part of the optimism is reflected in the price performance of the leading shares, it may be attributed to the extent of the ability of these companies to disclose good profits for the fourth quarter that is able to accumulate on the first six months earnings to alleviate the declines recorded in the third-quarter earnings after the Gaza war losses.

As for the liquidity indicators, they have been relatively weak, which in turn controlled the two phases, the decline phase and the current rise phase. If cross institutional trades that occur from time to time on selected stocks were excluded, trades are characterized with slowness and lack of quality. Reasons may return to the general situation in the Palestinian arena, which includes lack of any updates on the political level on the one hand and investors’ conservatism to their investment positions in anticipation of financial statements for 2014, on the other hand. In general, touching on some of the high prevails optimism, but overcoming resistance levels remains dependent on the momentum of liquidity with more institutional quality in order to be able to traverse and be stabile above significant price levels.

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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