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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.

 


 

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BJP posts net income of JD0.89 million in Q1 2017

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NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

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APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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