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Weak trading with the routine of Ramadan month’s entry

2015-06-18

Weekly Trading Report [14-18/06/ [2015

Palestine Stock Exchange PEX continued to witness scarce transactions and rigidity in the purchasing power, whereby, Al-Quds Index closed in the red zone; ending the week with the routinely start of the holy month Ramadan which –historically- may increase the trading scarcity and add anticipation factors. With its several and different reasons, all parties of the securities’ sector believe in the fact of the inevitability of diminishing all these reasons to revive Palestine Stock Exchange PEX. What drags the attention of investors is the type of liquidity that would compensate this lack, especially when some of these reasons stem from the Palestinian political situation that cannot be easily vanished. If this is a time matter or not, the PEX is demonstrating attractive prices, companies’ confidence and legislations transparency as what an individual with capital market knowledge basics believes, driving the majority of the Palestinian listed companies’ shareholders to hold their financial positions and contribute in the relative stability the prices in the PEX.

On the other hand and within the efforts to reinforce the liquidity in the PEX in general and within a step that may widen the investment choices for investors, the shares of Beit Jala Pharmaceutical Company were listed in Palestine Stock Exchange PEX under the symbol BJP, to raise the number of listed companies to 50. The company was listed within the secondary market in the industry sector with a total paid-up capital of JD5.35 million and book value of JD1.48 as for the end of Q1 2015. It is worth mentioning that the company recorded net income after tax of JD0.29 million in Q1 2015, compared to JD0.19 million in Q1 2014. In terms of its trading, BJP opened at the price level of JD2.00 and stabilized at this price till the end of the week through a trading value worth of $0.10 million.

Regarding the weekly trading performance, the absence of institutional transactions and high-volume ones was reflected with a weak trading value in the PEX that recorded around $1 million. Regarding the blue-chips, the stock of Palestine Telecommunications PALTEL – the heaviest weighted in Al-Quds Index stabled at JD5.38 through transactions that didn’t exceed $0.25 million. The stock of Bank of Palestine BOP followed in terms of trading value when recorded $0.23 million, to close at the level of $2.50; down by 0.79%. Moreover, the stock of Palestine Development and Investment Company PADICO declined by 0.86%, to close at the level of $1.15 within narrow transactions and relatively wide price range.

 

 


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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