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Cohesion in Al Quds index amid difficulty to predict the near-term horizon

2015-09-10

Weekly Trading Report [06-10/09/ [2015

Amid a continuity of a political deadlock, the heavy lack of liquidity that dominates the trading in Palestine Stock Exchange PEX since the beginning of the year has continued. Amid the declining in the liquidity flow- new or in the form of internal circulation-, the reasons of its scarcity are still related to an anticipation that is far from the typical and routine period, despite the appearing of high-volume transactions from time to time. On the other hand, it is hard to build the assumptions at this moment for a near positive horizon amidst the prevailing confusion in the internal issues of the Palestinian government. While in all cases, the PEX maintains its coherent performance without any negative drops in the prices that leads to losing the investment appetite. Over the years, the PEX passed through harsher political conditions and could dominate the consequences of those periods with the lowest damages.

During the week, the price movements of Al-Quds Index continued in its relatively narrow range that ended with a general balancing in waiting for a clearer general trend vision without any timetable. The opposite side price performance of the leading stocks had the greatest impact in the cohesion of the Index above the 480 points, which in turn this week witnessed slight decrease than the previous week, when closed at the level of 481.49 points. Regarding the liquidity, the transactions of Al-Quds Bank QUDS topped the PEX in trading value when contributed 79.85% from total trading value in this week after executing several cross transactions, in which some are institutional. QUDS recorded gains of 6.54% when closed at the level of $1.14. On the other hand, Bank of Palestine BOP – the largest bank by market capitalization- followed in terms of activity in the PEX when its transactions contributed for 8.87% of total trading value, to close at the level of $2.50; down by 0.79%.

Regarding the leading stocks, the liquidity movements on both the stocks of Palestine Telecommunications PALTEL and Palestine Development and Investment Company PADICO were significantly weak, which, thoroughly attempts to break through resistance price levels failed with the absence of a supporting momentum. In this context, PALTEL’s stock declined by 0.55% when closed at the level of JD5.47 through transactions worth of $0.27 million that couldn’t thoroughly close above its previous closing level. On the other hand, the weakness in the purchasing bids on PADICO’s stock led to unsuccessful attempts to sustain around resistance levels and close higher more points, while the stock closed in the green zone; slightly up by 0.91% closing at the level of $1.11 through transactions worth of $0.17 million.

 

 

 


 

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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