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%.

 


 

2017-04-25
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