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Al-Quds Index coheres following its last rebound

2015-04-09

Sahem Weekly Trading Report (5-9)/4/2015

The price range of Al-Quds Index has not expanded this week after rebounding from its lowest level at the end of the previous week. The price movements were slow parallel to the quasi-balancing of the leading companies’ stocks, despite achieving noticeable gains by some small-weighted stocks. This came within weak transactions topped by executing institutional transaction in the banking and financial services sector amid lack of circulation on leading stocks with varied general assembly GA meetings and dividends distribution trends. Whereby, Palestine Stock Exchange PEX enters the routinely ex-dividends trading following each blue-chips decision of dividends distribution. While price fluctuations following dividends vary based on the stock’s weight in the index, nevertheless, the common among them is the smooth price rebound afterwards given the attractive market indicators parallel to price declines.

Regarding the dividends distribution, the recommendations of the blue-chips’ board of directors were completed with the recommendation of the Arab Palestinian Investment Company APIC to the GA that will be holding a meeting on 29/04/2015, to distribute 6% cash dividends for the year 2014, to record dividends yield of 5.56%. Moreover and in the same week, the GA of Global United Insurance Company GUI approved, in its meeting on 08/04/2015, distributing 5% cash dividends for the year 2014, to record dividends yield of 2.94% according to stock’s price before holding the GA meeting. In this context, it is expected that several listed companies will be holding their GA meetings in April 2015, including: Bank of Palestine BOP, Palestine Islamic Bank ISBK, Al-Quds Bank QUDS, Palestine Poultry AZIZA, Birzeit Pharmaceuticals BPC, Jerusalem Pharmaceuticals JPH, National Aluminum and Profile “NAPCO”, Vegetables Oil Industries VOIC, Trust International Insurance TRUST and Al-Takaful Palestinian Insurance TIC.

In terms of market performance, the stock of the National Bank TNB topped the PEX when recorded trading value of 33.77% due to executing institutional transaction on the bank’s stocks, whereby recorded significant gains of 3.05% when closed at the level of $1.35. In the context of the most active stocks, the stock of the Arab Palestinian Investment Company came second this week; contributing in 14.91% of the PEX total trading value. Accordingly, APIC’s stock declined to $1.08; down by 3.57%. The leading stock- Palestine Telecommunications PALTEL- witnessed medium-volume transactions, to close at the level of JD5.23; down by 0.38%, while, the leading stock of Palestine Development and Investment Company PADICO stabilized at the level of $1.27 after medium-volume transactions.

 

 


 

2017-08-22
RSR reports net income of JD0.22 million in H1 2017

2017-08-22
AHC realizes net loss of JD0.86 million in H1 2017

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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