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Blue-chips’ fluctuations dominate Al-Quds Index

2015-01-29

Sahem Weekly Trading Report [25-29/01/ [2015

Despite its most frequent trading above the 500-points during the week, the observer has difficulty in determining the trend of Al-Quds Index. However, a new support for the Index is noticed, but the random price movements for some leading shares with heavy weights in the Index dominated these fluctuated movements without defining the price trends. Moreover, the absence of the liquidity momentum that coincides with the investors’ anticipation for disclosing the financial data for the year 2014, increase the stalemate in movement and the domination of the speculation which in turn the orders within the price depth are receding. In aggregate, Al-Quds Index recorded a decrease of 2.02% compared to the end of 2014, affected by the declining in some leading stock from the high levels that was recorded within the trading routines at the end of that year.

Within the financial data disclosure of the listed companies for the year 2014, The Arab Company for Paints Products APC announced posting net income of JD0.58 million; down by 28.08% compared to the year 2013. This decrease comes following a decline of 10.46% in gross income and an increase in the loss from currency exchanges. APC’s stock recorded a book value BV of JD1.95 and P/BV of 1.90x. However, it is expected that the momentum of financial data disclosure will increase by the beginning of February 2015 and approaching the mid-month. Whereby, the prevailing law grants each listed company maximum a 45 days period from the end of the financial year to disclose its annual financial data for 2014, audited from the internal auditor.

With the acceleration of the financial data disclosures, the listed companies initialize holding its board of directors BOD meetings to propose distributing dividends for the shareholders for the year 2014. Although it hasn’t disclosed its financial data yet, the National Insurance Company NIC proposed, in its BOD meeting on 25/01/2015, distributing 15% cash dividends from the company’s paid up capital ($1.80 million) to the general assembly GA that will be holding a meeting on 26/03/2015. In this context and with the increase in anticipation, Palestine Telecommunications Company PALTEL announced its intentions to hold a BOD meeting on 10/02/2015 to approve its preliminary financial data for the year 2014.

Regarding the week’s trading, Al-Quds Index ended its transactions that reached $2.45 million with a 0.73% decrease, to close at the level of 501.43 points.  This decrease followed a 1.69% decline in PALTEL which closed at the level of JD5.80. On the other hand, the stock of Palestine Development and Investment Company PADICO increased by 1.56%, to close at the level of $1.30. Regarding the liquidity indicators, the stock of Bank of Palestine BOP topped the PEX in terms of trading value; constituting 55.87% from its total value.

 


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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