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Coherent performance of Al Quds Index despite the security escalation

2015-10-14

Weekly Trading Report [11-14/10/ [2015

In the second week of the unrest situation in the Palestinian street, the performance of Al-Quds Index is still solid and isolated. Despite the events’ escalation in the Palestinian Territories on the security level, Al-Quds Index relatively stood still following the balanced performance outcome in the price trends of the heavy weighted stocks. Accordingly, some listed stocks positively interacted with the substantial news regarding their future operating performance without taking into consideration any political development. While other stocks could only trade in a narrow price range without any significant changes in the price trends due to the lack of liquidity.

The significant gains recorded by the stock of Wataniya Palestine Mobile Telecommunications WATANIYA- which weighs 7% from Al-Quds Index- mainly led the Index to cohere around its previous week’s closing. This came despite some declines in the heaviest weighted stocks in the Index. Whereby, the stock of WATANIYA recorded gains of 9.09% after active transactions worth 20.67% from the PEX’s total trading value. This followed last week’s released news of exempting WATANIYA of the annual license fees coinciding with the 3G frequencies granting approaching. In this context, the local newspaper reported some news about the Palestinian Minister of Communication and Information Technology who noted that the Ministry reached understandings regarding the 3G frequencies and it is expected to sign the agreement before the end of the month. 

Regarding the leading stocks, the stock of Bank of Palestine BOP – the largest bank by market capitalization- topped the PEX when constituted 29.77% from the total trading value of the week, whereby, closed at the level of $2.51; up by 0.40% than its previous closing. It is worth mentioning that the bank will hold a board of directors BOD’s meeting on 18/10/2015. On the other hand, the stock of Palestine Telecommunications- the largest company by market capitalization- stabilized at its previous week closing JD5.40 after transactions that constituted 13.99% from total trading value. However, the BOD of the company will be holding a meeting on 21/10/2015 to discuss and approve the financial data for 9M 2015. Moreover, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- declined by 0.92%, to close at the level of $1.08 after weak transactions that didn’t exceed $90 thousands. On the other hand, the BOD of the listed companies will be holding meetings to disclose their financial data for 9M 2015. The first company to disclose its financial data is Al-Quds Bank QUDS, noting posting net income of $7.41 million for the period ending on 30/09/2015 and up by 26.29% compared to the same period of 2014. This followed an increase in net interest and commission and gains from foreign exchange.

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

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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