Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

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.

 


 

2020-09-24
Al-Quds Index below the 440 points level amid scarce liquidity

2020-09-17
Transactions on APIC raise the trading value fiery

2020-09-17
Delisting the stocks of the Arab Real Estate Establishment ARE and Globalcom Telecommunications GCOM from the PEX

2020-09-10
The PEX records average PE of 20.9x in H1 2020

2020-09-03
Al-Quds Index in the green zone amid medium-volume transactions

2020-09-03
PRICO realizes net loss of JD0.73 million in H1 2020

2020-09-03
JCC reports net income of JD0.27 million in H1 2020

2020-09-03
BPC records net income of $3.62 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
PIBC posts net income of $1.21 million in H1 2020

2020-09-03
GMC posts net income of JD0.28 million in H1 2020

2020-09-03
WASSEL realizes net loss of $0.19 million in H1 2020

2020-09-03
AHC realizes net income of JD1.49 million in H1 2020

2020-09-03
JPH posts net income of $1.17 million in H1 2020

2020-09-03
TNB realizes net loss of $0.98 million in H1 2020

 

 

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