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Sharp gains for Al-Quds Index amid lack in the selling offers

2015-11-26

Weekly Trading Report [22-26/11/ [2015

 

Al-Quds Index opposed the general situation to achieve sharp gains this week amid lack of the selling offers, to record the highest level since the year 2015 and close at the level of 521.93 points by achieving returns of 4.72% since the beginning of the year, after executing several transactions in Palestine Stock Exchange PEX this week. On the other hand, disappointments dominated the Palestinian Territories after the visit of United States Secretary of the State “John Kerry” for the resumption of the diplomatic talks between the Palestinian and Israeli sides which ended without any results to mention. This ensures, once again, the ability of the PEX to isolate itself from any political changes, especially the negative ones. 

Regarding this week’s trading, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- topped the PEX for the second week in row, when its transactions contributed for 24.78% from total trading value after executing two transactions on its stocks in the week. PADICO increased sharply by 8.11%, to close at the level of $1.20. The stock of the largest company by market capitalization- Palestine Telecommunications PALTEL- came in the second place in terms of the highest trading value when its transactions constituted 15.73% from total trading value of the PEX, to close at the level of JD5.62; up by 2.18%. Moreover, the stock of Bank of Palestine BOP- the largest bank by market capitalization- increased by 1.85%, to close at the level of $2.75, after transactions that contributed for 14.67% from the PEX’s total trading value. In the same sector, the trading on the stock of Palestine Commercial Bank PCB was active this week, whereby its transactions contributed for 7.18% from total trading value, to close at the level $0.90; up by 5.88%.

Regarding the substantial news on the companies of the banking and financial services’ sector, the board of directors of Palestine Islamic Bank ISBK held a meeting on 23/11/2015, whereby, approved increasing the paid-up capital by $12.50 million through a secondary subscription in mid 2016, to raise the paid-up capital to $62.50 million. It is worth mentioning that ISBK records P/BV of 1.00x. On another hand, Bank of Palestine BOP signed an agreement with the PEX to implement the tasks of “Custodian “to the investors in the PEX, whereby, the bank obtained the “Custodian” license from Palestine Capital Market Authority since the year 2014

 

 


 

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JREI realizes net loss of $0.07 million in Q1 2017

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BJP posts net income of JD0.89 million in Q1 2017

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WATANIYA realizes net loss of $1.12 million in Q1 2017

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NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

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APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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