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A Balance in Al Quds Index amid continuity of lack liquidity

2015-07-09

Weekly Trading Report 05-09/07/ 2015

Within relatively expected liquidity scarcity, the trading range of Al-Quds Index expanded in this week even if slightly. This was attributed by some of the blue-chips as they touched higher levels than previous weeks. In the same context, the lack of selling offers in the depth of listed companies’ shares can be a major factor of breaking through new levels especially with the absence of substantial news prior to the semiannual financial statements disclosure period. On the other hand, with the diminishing of reasons that can change the trading nature of the holy month of Ramadan in Palestine Stock Exchange PEX this year; trading conservatism amid this horizontal trend is considered a serious awareness factor in the investment feasibility in the PEX, even if a category from traders is losing the appetite for investment and risk in general due to lack of progress.

Regarding this week’s trading and within the routine calmness, the PEX’s aggregate movement witnessed an increase amid an expansion in the trading of some listed companies. The semi-annual financial statements disclosures remain the only current anticipation factor and trading movement driver in the coming period if recorded growth even if slight. During the week, the share of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- witnessed noticeable performance when exceeded prices levels away from the routine levels of the previous period, while ended its $0.39 million transactions without a change at the level of $1.17.

On the other hand, Palestine Telecommunications PALTEL- the largest company by market capitalization- increased slightly by 0.75% closing at JD 5.40 after transactions that valued at $0.31 million. While Bank of Palestine BOP - the largest bank by market capitalization- dropped by 0.78%, closing at the level of $2.53 following transactions of $0.35 million. In terms of liquidity, trading value for the Vegetable Oil Industries VOIC increased to reach $0.27. As for Arab Hotels Company AHC, trading value increased to record $0.10 million. In another context, listed companies have started to schedule their board of directors meetings in order to discuss and adopt the semiannual financial data prior for announcement, where the applicable law grants the companies a period of a month and a half that starts after the end of the first six months and ends at the mid of August.

 


 

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.

 

 

 
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