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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.





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