Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Cautious trading amid the anticipation for semi-annual disclosure

2015-06-25

Sahem Weekly Trading Report (21-25)-06-2015        

Regarding the routine trading of Ramadan, the weakness in trading in Palestine Stock Exchange PEX increased amid stillness in the general investment environment. A variation in the general trend of the affective stocks in Al-Quds Index this week was witnessed; some stocks had the greatest impact in stabilizing the Index in the green zone- even if slightly- due to their lower weights, while, others supported recording the prevailing price levels of the Index.  Regarding the liquidity, no change in the indicators appeared and no other new incentives stemmed; to remain unchanged in scarcity and anticipation. According to the expectations, the semi-annual financial data disclosures for the listed companies are the most important anticipation for the investors with their different types. The long term investors may formulate a very clear vision about the annual return, while speculators will follow any price wave that results from the financial disclosure. In both ways, the PEX lacks liquidity drivers that comply with any routine or high-expectation phase.

 

In the substantial news, a decision to shut down the operations and liquidate Unipal Central and West Africa and its subsidiaries in Cameroon and Gabon - a subsidiary of the Arab Palestinian Investment Company APIC- was taken after facing several logistics, administrative and market challenges in Africa, which formed obstacles for the development of the company and led to a continuous drop in performance and realizing losses since the company’s establishment. This in turn led to a depletion in the company’s financial resources that continuously was reflected in the consolidated financial data of APIC. However,  this step will have positive effect on the operation performance and consolidated data of APIC’s group in the future, despite the expectations to incur additional and exceptional expenses in H1 2015 following this shut down. On the other hand, the general assembly of Dar Al-Shifa’s for the Manufacturing of Pharmaceuticals PHARMACARE approved, in its meeting on 18/06/2015, distributing 8% cash dividends for the year 2014. 

 

According to the price performance, the stock of Palestine Telecommunications PALTEL- the largest company in terms of market capitalization- topped the PEX, this week, after constituting 43.89% from total PEX trading value, to close at the level of JD5.39; up by 0.19%. However, the leading stock of Palestine Development and Investment Company PADICO recorded significant gains of 1.74% this week. PADICO closed at the level of $1.17 after trading in a wider price range. Regarding the other blue-chips, the stock of Bank of Palestine BOP closed at the level of $2.52; up by 0.80%, while the stock of the Arab Palestinian Investment Company APIC closed at the level of $1.03; up by 0.98%.

 


 

2017-09-20
Al-Quds index declines by 0.20% in the penultimate week of September

2017-09-14
Medium liquidity with the start of routine anticipation for the 9M 2017 financial data disclosures

2017-09-07
A transaction on the stocks of PALTEL raises the liquidity levels this week

 

 

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