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Al-Quds Index loses 5.29% in 9M 2015

2015-10-01

Weekly Trading Report (28/09-01/10)2015

Amid symbolic entitlements of Palestine in front of the world, hope remains voluntary for those who own it and able to challenge the future. And despite the blurry coming steps on the political level, it is worth noting that the investment environment of Palestine Stock Exchange PEX will diminutively be affected by their consequences- especially if being negative in nature. While the PEX enters the last quarter of the year without any expectations for new incentives through it, except for any change in the substantial financial results of the companies in 9M 2015. On the other hand, it is worth mentioning that with the variation of the companies’ results till the mid of the year and their dividends distributions, witnessing news’ momentum on some sectors more than others, and starting to reap the fruits of promoting the PEX on international indices, Al-Quds Index lost 5.29% since the beginning of the year till the end of September.

Regarding this week’s released economic indicators, preliminary estimates at constant prices showed an increase of 2.1% in GDP in Palestine in Q2 2015 compared to Q2 2014, and an increase of 6% compared to the Q1 2015. On the other hand, the World Bank expected that the performance of the Palestinian economy will remain below its potential till implementing a peace agreement. It also noted that it is possible for the Palestinian economy to exceed the assumed expectations, even without a final peace deal, if the in-forced agreements were implemented and the restrictions were lifted.

According to this week’s trading with the four sessions, Al-Quds Index traded in a very narrow range due to movements of the blue-chips in barely effectible price ranges, while the relatively wide movements were limited to the stocks that are not included in the Index. Regarding the liquidity, the trading levels are still recording their lowest levels; restricted to a revival following executing transactions from time to time. During the week, a cross deal was executed on the shares of the National Bank TNB raising its trading value to $0.84 million; dominating the market. Palestine Telecommunications PALTEL – the largest company by market capitalization- decreased by 1.09% when closed at the level JD5.42 after transactions that value at $0.84 million. Bank of Palestine BOP- the largest bank by market capitalization- followed PALTEL in terms of activity when recorded transactions worth of $0.40 million, to close at the level of $2.51; down by 0.79%. The leading stock of Palestine Development and Investment Company PADICO recorded a significant increase of 1.85%, when closed at the level of $1.10. It is worth mentioning that PADICO’s weight in Al-Quds Index decreased to nearly 11% from around 13% at the end of the year 2014 due to a decrease in the market value during 9M 2015. 

 


 

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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