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Varied performance by blue chips amid scarce liquidity

2015-05-14

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.

 


 

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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