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Anticipation for the last week in the semi-annual disclosure period

2015-08-06

Weekly Trading Report [02-06/08/ [2015

Within the continuation of liquidity scarcity in Palestine Stock Exchange PEX and the increase of indolence in parallel to expecting a momentum in the semi-annual financial data disclosures, Al-Quds Index ranged itself around the prevailing support levels, following the variation in the general direction for the heaviest weighted stocks. However, some institutional or high-volume transactions appear, to raise the trading value from time to time far from the most important and effectible circulation on trading activity. The deadlock in the political horizon and its direct effect on the local economy is one of the clearest reasons for the weak trading in the PEX. The idleness is clear and investors’ conservatism is hard to predict in size and continuity for its relation with general and dominating reasons. Despite this, hope for price revival appears following a healthy trading momentum that is connected to the substantial issues for the listed companies in the PEX. Whereby, the dividends distribution policy is stable and growing for some companies, and dividends yield and market indicators compete strongly with the regional financial markets. This is attributable to the companies’ ability to operate in the hardest conditions while earning continuous profits.

In regard to the slowness in the disclosures and their pace that didn’t exceed the two companies till this moment, the anticipation for the leading companies’ disclosures increases for a number of reasons. Whereby, creating a clearer visions for the annual yield from  dividends constitutes the largest pace, especially that the price change for the heaviest weighted stocks, since the beginning of the year, is negative and will decrease the total return for the investor. Moreover, there are policies adopted by some companies that are on the radar by analysts and medium and long-term investors in order to grab new investment opportunities or monitor attempts for changing the investment positions. Among them, companies’ policies in term of hedging against external factors in their attempt to control net profits and in terms of cost control opposed to operating revenues simulation in some sectors in order to achieve good and progressing profit margins.

Regarding the week’s trading, the price range of Al-Quds Index exceeded five points when some stocks recorded new price levels. In this context and despite its weak transactions and difficulty in filling orders, the stock of Palestine Development and Investment Company PADICO recorded its lowest level during one year, when touched the level of $1.12 during the trading sessions of the week. PADICO ended its trading value that hit $0.15 at the level of $1.14 without change. On the other hand, the stock of Palestine Telecommunications PALTEL recorded, within medium-volume trading that reached $0.54 million, a slight increase by 0.37%, to close at the level of JD5.47. On the other hand, the stock of Bank of Palestine BOP topped the PEX’s trading value when constituted 79.87% after executing an institutional transaction that exceeded the 2 million shares. While BOP closed at the level of $2.60; up by 0.78%.

 

 


 

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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