Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index in a relative isolation from the Palestinian street’s unrest

2015-10-08

Weekly Trading Report [04-08/10/ [2015

 

With the different names of the current situation in the Palestinian street, all the community parties are cautiously anticipating what might be construed to the unrest in the Palestinian Territories in the coming period. There is no doubt of the expected and spontaneous negative impact on the economy access gate- the stock market- due to any political instability in the region. However, Al-Quds Index in Palestine Stock Exchange PEX hedges itself- even if relatively- against any political or security evolution. The missing element that is aimed by all the financial securities’ sector parties in the stock market, which is liquidity, could be the main factor for the non-sharp price drops in the affecting stocks in the Index. It is worth mentioning that over the past few years, the observer touches a significant rising in the investment awareness for all segments in the traders’ behaviour. Whereby, the long-term investor now doesn’t get rid of his investments in time of political instability due to his investment goals’ nature, expected return and the length of the investment horizon. It is also noticed that there is weakness in the speculative category in the PEX, which usually contribute in formulating price trends, following the decrease in the liquidity momentum. Therefore, the current lack of liquidity and circulation in the PEX are what support the lack of negative price effects.

During the week and the start of the heating up in the Palestinian street, Al-Quds Index declined below the 480 points level in the first trading sessions of the week, to close the week at the level of 481.49 points; reducing the loss to 0.41%. This controlled decrease came within very weak transactions that didn’t exceed $1.82 million. Regarding the most active stocks, the stock of Bank of Palestine BOP- the largest bank by market capitalization- topped the PEX when its transactions contributed in 27% from total trading value during the week, to close at the level of $2.50; slightly down by 0.40%. The stock of Palestine Telecommunications PALTEL- the largest by market capitalization- followed when its transactions constituted 26% from the PEX’s trading value, to close at the level of JD5.40; down by 0.37%. However, a more significant decline was noticed on the leading stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization when closed at the level of $1.09; down by 0.91% within scarce transactions that didn’t exceed $65 thousands.

Regarding the substantial news of the listed companies, whereby, some accelerated about the leading telecommunications companies. In this context, the CEO of Palestine Telecommunications Company PALTEL expected getting the 3G frequencies before the end of the current year, and to start operating in the middle of the next year. He also noted that there is no monopolistic exclusivity for the 3G frequencies if obtained, whereby, the two Palestinian operating telecommunications companies are completely licensed for this service. Following this, the Council of Ministries approved a temporary exemption of the annual license fees (7%) of Wataniya Palestine Mobile Telecommunications Company WATANIYA - for a period of 5 years- from the annual gross revenues as long as the company invests the exemption value in building modern and advanced network to provide 3G and 4G frequencies once the required frequencies are allocated. 

 


 

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013