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Al-Quds Index rebounds from its lowest level since October 2013

2015-04-02

Sahem Weekly Trading Report (29/03-02/04)-2015

Following the spontaneous price declines of the heaviest weighted stock in Al-Quds Index in the beginning of the week after approving the dividends distribution, the index touched low levels approximating the 470 points, parallel to the variation in traders’ interests during the routine phase of holding the general assembly GA meetings. The declines receding of the leading stock- PALTEL- had the greatest impact to the rebounding of Al-Quds Index from its lowest level since October 2013, to close in the green zone after gains of 2.67%. Moreover, the increases in the other leading stocks with heavy weights, contributed in returning Al-Quds Index and maintaining it without breaking any new support level, whereby if broken, would become a main psychological factor to the investors.

 

During the week, the stock of Palestine Telecommunications Company PALTEL- the largest company in terms of market capitalization- increased by 2.94%, to close at the level of JD5.25 after medium-volume transactions worth $0.56 million. Furthermore, the stock of Palestine Development and Investment Company PADICO- the largest investment company in terms of market capitalization- increased by 0.79%, to close at the level of $1.27 after transactions worth $0.78, leading the stock to top the trading value of Palestine Stock Exchange PEX by 29.66%.  One of the major substantial issues on PADICO’s transactions was the purchasing of the Arab Bank Group- PADICO’s board of directors’ member- shares in the company through several trading sessions in the week. The Arab Bank purchase transactions constituted a supportive factor for the stock’s non-declining from specific levels that are considered important supportive levels. Moreover, the stock of Bank of Palestine BOP- the largest bank in terms of market capitalization- recorded gains of 6.18%, to close at the level of $2.92 after transactions worth $0.46 million. 

 

The stock of the National Bank TNB witnessed active trading this week when recording $0.26 million; increasing by 4.80%, to close at the $1.31 level. On the other hand, the listed companies continue to hold their general assembly GA meetings to approve the board of directors’ recommendations regarding the dividends distribution for the year 2014. The GA of the National Insurance Company NIC approved the BOD recommendation to distribute 15% cash dividends for the shareholders as for 26/03/2015, payable from Sunday 05/04/2015. Then again, the inventors’ anticipation regarding holding the GA meetings of the leading companies that haven’t held them yet, like PADICO and BOP that have proposed dividends distribution, increased, while, the investors’ behavior around the date of dividends entitlements stays on the agenda of specific segments among them.

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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