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Varied performance by blue chips amid scarce liquidity


Weekly Trading Report [10-14/05/ [2015

Within a week that is characterized with weak price movements and scarce liquidity, Al-Quds Index closed in the green zone with a slight increase. This performance comes parallel to maintaining the balancing of the Index for the last weeks despite the accelerating of dividends distribution and periodic financial data, and its steadfastness in front of the ex-dividends, which in turn didn’t witness a momentum similar to the previous years, inasmuch Palestine Stock Exchange PEX is classified as an investment stock exchange. During the week, the price range of the leading stocks varied resulted in different price trends, while at the end, the increase outweighs given the varied blue-chips weights.

Regarding the performance, the price range of the heaviest weighted stock-Palestine Telecommunications PALTEL- widened during the week parallel to the decrease in the effects of trading without the dividends distribution eligibility, to close upward with gains of 1.92% after transactions that constituted 19.88% from the PEX total trading value, at the level of JD5.30; constituting the leverage of the Index this week. It is worth mentioning that some items in PALTEL’s income statement may drag the attention of the PEX’s investors and observers more than other items. The accumulated investment profits of PALTEL in the following profits disclosure and the ability to hedge from the currency fluctuations.

On the other hand, the price range of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- didn’t exceed the two points, whereby, ended its transactions that constituted 8.28% of the PEX total trading value at the level of $1.27; stabling without change. Undoubtedly, a correlation between the observers’ attention to PALTEL’s stock and PADICO’s stock appears due to their joint investments in the two stocks. The company’s stake from its associates’ profits item in PADICO will drag the investors’ attention, while, the overall subsidiaries’ profits and ability to record the desired margins are even more important due to facing profitability fluctuations by some sectors  within PADICO’s investments following the general political and economic situation. Regarding the leading stocks, the stock of Bank of Palestine BOP witnessed significant decrease by 2.31%, to close at the level of $2.54 after transactions that constituted 37.63% from total trading value. Moreover, the stock of the Arab Palestinian Investment Company APIC stabilized at the level of $1.04 without any change, after weak transactions.



Al-Quds Index in the green zone with the routine of Ramadan month’s entry

GUI approves distributing 5% stocks dividends and 10% cash dividends for the year 2020

JPH proposes distributing 8% cash dividends for the year 2020

NAPCO proposes distributing 9.38% stocks dividends for the year 2020

TIC approves distributing 15% cash dividends for the year 2020

QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

TRUST approves distributing 10% cash dividends for the year 2020

Relative Calmness in the PEX and a momentum in holding the general assembly meetings

NCI proposes distributing 10% cash dividends for the year 2020

PEC approves distributing 10% cash dividends for the year 2020

NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020



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