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Growing hope for beyond including the PEX on Global Indices

2015-09-17

Sahem Weekly Trading Report (13-17)-09-2015

With the absence of short-term incentives in Palestine Stock Exchange PEX, hope for the consequences of promoting the PEX to Frontier Market Status on FTSE Indices which will be actually implemented in September 2016 was raised. This followed FTSE’s annual review and meeting the FTSE group qualities of markets criteria. Definitely, this step will increase the momentum and the global spread of the PEX with the ability of these indices to attract further foreign investment and emphasize the bourses’ status on the international markets’ map. We will touch the positivity that will be poured in the Palestinian investment environment interest in the medium and long term, especially with the start of liquidity flow of index investing strategy. It is worth mentioning in the meanwhile that this step is considered as a crowning to the resulting improvement in the continuous development for all the financial securities’ parties in Palestine and a reflection of the hope and confidence in the investment feasibility of the Palestinian stocks.

 

In the PEX, no positive quick reaction appears about this entitlement due to the time dimension of its consequences. The financial securities sector’s parties, especially traders, anticipate the expected change in the foreign liquidity after the execution. In this context, the pre-executing period is considered investment opportunities and a door to build new financial positions, especially with the prevailing price levels with the attractive market indicators, which in turn, await any turning point to start the required activity. Within the week’s trading, the liquidity scarceness continued without any significant change in the average trading. On the other hand, the banding sector’s stocks are still dominating, from time to time, the trading value after executing cross transactions. Whereby, the stock of the National Bank TNB topped the PEX when constituted 32.32% from the total trading value during the week. This came in parallel to achieving gains of 10.29%, to close at the level of $1.50. The stock of Al-Quds Bank QUDS followed when its transactions constituted 19.78%, stabilizing at the level of $1.14.

 

Regarding the leading stocks and within the slight variation in their price trends, Al-Quds Index maintained its prevailing levels within a stability that is most likely increased. In this context, the stock of Bank of Palestine BOP maintained its stability at the level of $2.50 after transactions worth $0.30 million. While the stock of Palestine Telecommunications PALTEL increased by 0.18%, to close at the level of JD5.48 after transactions worth $0.19 million. On the other hand, the stock of Palestine Development and Investment Company PADICO decreased by 1.80% after transactions worth $0.07 million, to close at the level of $1.09. Then again, in the coming few coming weeks, we enter an anticipation of the 9M 2015 financial data disclosures.

 

 

 


 

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
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

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
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

2018-02-12
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

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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