Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al Quds index declines… and growing anticipation for the medium run

2015-05-28

Weekly Trading Report [24-28/05/ [2015

Within scarce transactions, Al-Quds Index declined again due to the lack of purchasing bids momentum around the levels witnessed by some leading stocks in the previous week. Despite executing some institutional transactions from time to time, the trading in Palestine Stock Exchange has been weak and lacked the price trending for a period of time, parallel to entering expected routine periods due to the financial data disclosure or dividends distribution. On the other hand and within the anticipated sustainable drivers in the PEX, it is expected that the PEX to be upgraded to a frontier market status by FTSE group during the next classification review on September 2015. This comes after meeting the qualities of markets criteria, including: regulatory environment, capital controls, clearing & settlement, and market transparency. This upgrading grants the PEX a momentum and international spread, as these international indices have an importance in terms of attraction to financial institutions and regional and international funds. Whereby, the attention and anticipation are now directed to the Palestinian investment environment, within this step, in order to transfer the PEX from the lack of liquidity and deadlock levels, to other better performance levels. 

Regarding the substantial news in the PEX and parallel to Palestine Monetary Authority PMA’s plan to increase the capital of the banks and enhance their ability to handle losses and achieve sustainable development, the PMA approved increasing the minimum required paid-up capital of the banking sector in Palestine from $50 million to $75 million or what is equivalent in other currencies, by giving the banks three years from the date of instructions issuance. It is worth mentioning that from the 7 listed banks in the PEX; only 2 banks meet the capital requirement. These banks are: Bank of Palestine BOP and the National Bank TNB, while the paid-up capitals of the other banks range between $30 million and $50 million. On the other hand, the PEX announced the listing of the shares of Beit Jala Pharmaceutical Company on the trading session of Tuesday 16/06/2015, in the industry sector in the PEX within the secondary market. According to the company, it’s paid up capital stands at JD5.35 million, while it produces medical products and pharmaceuticals. 

Regarding this week’s trading, the return of Palestine Telecommunications PALTEL’s stock- the heaviest weighted in Al-Quds Index- to trade below the JD5.40, was the main reason to the declining of the Index and its closing in the red zone, side by side to the decrease of the leading stock- Palestine Development and Investment PADICO- due to continuing to trade in ex-dividends. Regarding the liquidity indicators, the transactions of the leading stocks were characterized with weakness, while, executing institutional transaction on the shares of the National bank TNB increased the weekly trading value.

 

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
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

2017-04-25
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.

 

 

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