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Institutional transactions on PALTEL raise the trading value

2015-07-15

Weekly Trading Report 12-15/07/2015

In parallel to the investors’ anticipation for the semi-annual financial data disclosure, the weakness in trading and price filling continued despite the widening in Al-Quds Index price range. Whereas, the PEX’s trading value increased this week in effect to the main driver for the changing in trading pace variety, since a while, after executing several institutional transactions on some leading stocks in the week; leading to a significant change in the daily average trading value compared to previous weeks. Regarding the price performance, Al-Quds Index recorded an increase of 0.78% this week, to close at the level of 482.48 points after slight and similar increases in the leading stocks’ prices.

Within the trading of this four trading sessions’ week, Palestine Telecommunications PALTEL’s stock- the largest company by market capitalization- topped the PEX in terms of trading value when reached $7.48 million following the high-volume transactions. PALTEL’s stock increased to close at the level of JD0.74; constituting a key factor for the balancing of Al-Quds Index above the 480 points after breaking through an important resistance level. Regarding the most active stocks, the stock of the Arab Palestinian Investment Company APIC came in the second place when recording trading value of $2.18 million due to executing two institutional transactions, to close at the level of $1.00; down by 0.99%. However, the leading stock of Palestine Development and investment Company PADICO – the largest investment company by market capitalization- witnessed heavy scarce and weak transactions that didn’t exceed $25 thousand, to increase by 0.85% and close at the level of $1.18.

On the other hand, the listed companies accelerate to hold their board of directors BOD’s meetings to discuss and approve the semi-annual financial data for disclosure, whereby, Palestine Stock Exchange PEX grants the listed companies a month and a half to disclose their data starting from  the 30th of June. In this context, the BOD of the National Bank TNB discussed their financial data till 30/06/2015 in its meeting on 09/07/2015 but hasn’t disclosed them yet. However, it is expected that several companies which held their meetings on 15/07/2015 to announce their meetings decisions, on the other hand, other companies decided to hold their BOD meetings after Al-Fiter Holiday that stars from Thursday 16/07/2015, and ends on Monday 20/07/2015. 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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