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Horizontal trading amid balanced performance of blue chips

2015-11-19

Weekly Trading Report [16-19/11/ [2015

Within the four-trading sessions’ week, Al-Quds Index traded in a narrow horizontal range, following a solid performance of the blue chips with the heaviest and most effective weights in the index. While the balanced performance of Palestine Stock Exchange PEX stems from emphasizing that attractiveness of the Palestinian stocks after the latest quarterly disclosure, which in turn resulted in market indicators that compete the Arab regional markets and peer companies. In all cases, the general anticipation for the political situation dominates the market performance on one hand and the investors’ behavior on another hand. Whereby, the period lacks encouraging and discouraging factors in nature for investment, except what is disclosed of substantial news about listed companies. With the variation in the optimism and pessimism degrees for what may happen in the general situation in the Palestinian territories, it is good to point out the importance of the local stock exchange’s ability to isolate itself as possible from any variation in the political conditions especially the negative ones, while the anticipation has special status in the investment decision aiming for sustainability. 

In terms of the week’s trading, the stock of Palestine Development and Investment Company PADICO – the largest investment company by market capitalization- topped the PEX’s continuous trading, while its trading value contributed for 21.57% from total weekly trading value. This followed executing a cross transaction in the beginning of the week. PADICO stabilized at the level of $1.11 without any change than its previous week. Moreover, the stock of Palestine Telecommunications Company PALTEL- the largest company by market capitalization- came in the second place in terms of activity in the continuous sessions, while its transactions contributed for 21.05% from total trading value, to close at the level of JD5.50 without any change than its previous closing. On the other hand, the stock of Bank of Palestine BOP- the largest bank by market capitalization- increased by 1.89%, to close at the level of $2.70 after transactions worth 37.66% from total trading value taking into consideration a high volume off floor transaction.

In the substantial news context, the general assembly of Al-Aqariya Trading Investment Company AQARIYA will be holding an extraordinary meeting on 03/12/2015, whereby, will discuss the board of directors' recommendation to raise the paid-up capital by JD1 million to JD5.41 million. It is worth mentioning that AQARIYA trades on a P/BV ratio of 0.83x. On another context, news were reported regards signing agreement to provide 3G frequencies to the Palestinian telecommunication sector  between the Israeli and Palestinian parties at the end of the week. While no formal release has been issued yet, but this agreement comes after meetings between the related parties to grant the two telecommunications companies in Palestine the license to operate the 3G frequencies which Israel has banned before in Palestine.

 


 

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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