Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

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. 

 


 

2021-04-15
Al-Quds Index in the green zone with the routine of Ramadan month’s entry

2021-04-14
GUI approves distributing 5% stocks dividends and 10% cash dividends for the year 2020

2021-04-13
JPH proposes distributing 8% cash dividends for the year 2020

2021-04-12
NAPCO proposes distributing 9.38% stocks dividends for the year 2020

2021-04-12
TIC approves distributing 15% cash dividends for the year 2020

2021-04-08
QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

2021-04-08
TRUST approves distributing 10% cash dividends for the year 2020

2021-04-08
Relative Calmness in the PEX and a momentum in holding the general assembly meetings

2021-04-08
NCI proposes distributing 10% cash dividends for the year 2020

2021-04-08
PEC approves distributing 10% cash dividends for the year 2020

2021-04-04
NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-04-01
APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

2021-04-01
Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

2021-04-01
BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020

 

 

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