Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Institutional transactions on TNB enhance trading values

2015-06-11

Sahem Weekly Trading Report (07-11)-06-2015        

In parallel to the lack of substantial news, the state of lack of liquidity that has dominated the trading process in Palestine Stock Exchange PEX for several months continues. Thereby, the weak pattern deepens amid the absence of investors, and the receding in cash flows overshadows the drivers for creating new investment positions or engaging in speculation. However, it is worth mentioning that the institutional transactions raise the trading value from time to time, while the ordinary trading value barely records acceptable levels. On the other hand and within a period characterized with rigidity in the general incentives due to the non-existence of any political or economic developments, the PEX enters in a new routine slow phase with the start of the holy month Ramadan in the few coming days. In terms of prices, trading below the 480 points was the most watched by traders. With the varied declines in the leading stocks’ prices and the attempts of other stocks to close with slight increases, Al-Quds Index closed in the red zone at the end of the week.

Within the trading indicators of the week, an institutional transaction worth around $3.50 million on the shares of the National Bank TNB raised the trading value, where through Palestine Development and Investment Company PADICO has sold its stake in TNB to Palestine Telecommunications Company PALTEL to raise its stake to around 17% of the bank’s $75 million paid up capital. Other than that, the remaining transactions recorded a few hundreds of thousands dollars distributed on the leading stocks and other stocks. Regarding the individual price trends of the stocks, the decline in the prices of both Palestine Development and Investment Company PADICO and Bank of Palestine BOP impacted the decline in Al-Quds Index opposed to a stabilizing in the PALTEL’s stock price after closing in the slight green zone.

On the other hand and within the attempts of all parties in the investment environment in Palestine within the private and public sectors, representatives of both sectors emphasized the availability of great opportunities for investment in Palestine with profitable economic returns, pointing to the need to continue the efforts to improve the investment environment through the enactment of further legislation. This came during the 3rd Palestine Business Finance Conference that discussed the investment opportunities and regulatory frameworks for the industrial, financial, telecommunications and technological sectors in Palestine.

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

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