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A community movement for a local economic plan

2015-02-26

Sahem Weekly Trading Report [22-26/02/ [2015

The community movement at the level of the Palestinian economy is one of the most essential features of the current period. The draft of the economic plan of the private sector with its different institutions is currently discussed and aims to gear the national economy that is obstructed by the economic dependency to Israel. This plan is focused on emancipating this dependency, in addition to supporting the national products and decreasing the income taxes. On the other hand, all parties rely on creating tools to activate this plan on all aspects to attain the expected results in what they pour of enhancing the economy and increasing the GDP. In addition to what may benefit the community from this plan and increase the investments, Palestine Stock Exchange PEX- the most essential investment portal- may also benefit from this plan. While, the income tax reduction proposal on the companies has the most effect in enhancing the investment activity.

The plan involves amending the income tax brackets of the individuals, and imposes 15% taxes on the taxable income of the legal entities (companies) instead of 20%, but excludes the telecommunications companies and any other monopolistic companies. In this context, the proposed amendment will positively enhance the return on investment of the PEX’s listed companies, whereby, the income tax expense of the companies is directly correlated with the amount of dividends distribution for shareholders. In this matter, the PEX maintains a feasible average yield compared to the other regional stock exchanges, and this proposal will enrich its competitive advantage in terms of rewarding investment; especially compared to the relative high investment costs. Moreover, the tax expense is correlated to the companies’ plans, strategic growth and operation expansion. Lowering the imposed taxes will have a direct impact on the decision of redirecting the retained earnings towards expansion and investment diversification in order to achieve the optimum returns to shareholders.

Regarding the week’s trading in the PEX, the transactions were scarce in liquidity. Despite the end of the legal disclosing period that was generally characterized with “figures under control despite the uncontrolled obstacles”, but the investors’ appetite is still under the liquidity’s domination that lacks the momentum. It cannot be hidden from the observer that the PEX needs foreign and institutional liquidity with diversified investment targets, to overpass prices and psychological barriers. Al-Quds Index has traded around the 500-point level for a period of time, lacking the direction compass due to a lack in the liquidity momentum. The haunt of liquidity has dominated the stock market, investors and capital market’s elements for several years, which in turn makes any new liquidity flow into the market a target and opportunity to close investment positions by a category of traders that consider this flow as temporary.

 


 

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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