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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.

 

 

 


 

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SANAD records net income of $10.05 million at the end of 2017

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BPC records net income of $10.28 million at the end of 2017

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PADICO posts net income of $5.68 million at the end of 2017

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WATANIYA realizes net losses of $6.64 million at the end of 2017

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NCI posts net income of $0.16 million at the end of 2017

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AHC realizes net losses of JD1.52 million at the end of 2017

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AIB posts net income of $6.40 million at the end of 2017

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JPH records net income of $6.18 million at the end of 2017

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AIG posts net income of $3.12 million at the end of 2017

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JREI posts net income of $0.01 million at the end of 2017

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MIC posts net income of $3.26 million at the end of 2017

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LADAEN records net losses of JD0.05 million at the end of 2017

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PIIC records net income of JD5.50 million at the end of 2017

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AZIZA posts net income of JD3.18 million at the end of 2017

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APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

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TNB posts net income of $9.20 million at the end of 2017

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AQARIYA posts net income of JD 0.39 million at the end of 2017

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PALTEL posts net income of JD70.53 million at the end of 2017

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PALAQAR records net income of JD3.77 million at the end of 2017

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GUI records net income of $3.77 million at the end of 2017

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PEC posts net income of $8.64 million at the end of 2017

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GMC posts net income of JD1.78 million at the end of 2017

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TIC records net income of $2.19 million at the end of 2017

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BJP posts net income of JD1.64 million at the end of 2017

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ISBK records net income of $14.53 million at the end of 2017

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PICO reports net income of $4.79 million at the end of 2017

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TRUST records net income of $5.43 million at the year 2017

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PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

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VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

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BOP proposes distributing 13.5% cash dividends for the year 2017

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Nasdaq and Palestine Exchange sign new market technology agreement

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BOP reports net income of $54.00 million at the end of 2017

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NAPCO records net income of JD0.46 million at the end of 2017

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Several transactions in the PEX and the companies have started their disclosures

 

 

 
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