Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

An increase in the index despite ex-dividend trading

2015-05-21

Weekly Trading Report (18-21/05/2015)

Within medium-volume trading, Al-Quds index increased this week, breaking the balancing pace that has been witnessed over the last several weeks. This increase came after the growth preponderance of the heavy-weighted stocks opposed to declines in other stocks amid trading without the entitlement of cash dividends. Whereby, the listed companies- especially the influential ones- are still holding their general assembly GA meetings in order to approve cash dividends distributions for the year 2014. Palestine Stock Exchange PEX witnessed movements and exchanging in the investment positions among traders in order to entitle dividends for some stocks to maximize their return on investment, resulting in price drops due to the varied interests in conjunction with the spontaneous decline of the stocks that distributed dividends during the week. 

Recording 2.83% gains of Palestine Telecommunications Company PALTEL’s stock, was the main factor for Al-Quds Index closing in the green zone with relatively good percentage compared to the previous stillness. The price range of PALTEL widened, to touch higher levels, while, settled for JD5.45 after transactions that constituted 23.86% from the weekly trading value. In terms of liquidity, the transactions of the National Bank TNB topped the PEX’s after executing high-volume transactions in the end-of-the-week trading session; increasing its trading value to contribute by 50.47%. In terms of prices, Palestine Development and Investment PADICO opposed the price trend of PALTEL, when it declined by 5.51%, to close at the level of $1.20 after slight transactions worth $0.17 million.

The decrease in the leading stock of Palestine Development and Investment Company PADICO is spontaneous after distributing 5% cash dividends for the year 2014, dividends yield recorded 3.94%. One of the most important issues in the GA meeting was the decision of the board of directors not to execute any new investment projects in the coming period and to focus on developing the established projects in the previous period, in addition to electing a new board of directors of 13 members. Regarding the future plan, the company’s administration noted that the plan is based on maintaining, protecting and developing the current investments, in addition to completing the projects under implementation and improving the performance and profitability of the existing projects. Regarding increasing the cash flow and reducing the debt and administrative expenses, the company will continue reducing the G&A expenses, and reducing the indebtedness of the company in the coming years continuously, in addition to playing a leading role in the reconstruction of Gaza.  In this context, the GA of Palestine Investment Bank PIBC approved distributing 2.36% stocks dividends, to raise the paid-up capital from $55 million to $56.30 million.

 


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013