Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Relative momentum in the PEX amid cautious optimism for the coming year

2015-12-03

Weekly Trading Report [29/11-03/12/ [2015

Within a receding in the selling offers in their price depth of the leading stocks that affect the index, Al-Quds Index could breakthrough new resistance levels that has abandoned since April 2014. Relying on the positive and coherent financial performance despite the current conditions, the Palestinian listed companies were able to start a new price trend supported by a relatively refreshing liquidity momentum, to reach record price levels since months. However, hope for a sustainable activity still drags the attention of investors and observers in Palestine Stock Exchange PEX, while, undoubtedly, a cautious optimism moves towards the year 2016 after emphasizing the positive vision of the PEX and its annual progress compared to the Arabic and regional markets.

Regarding the weekly activity, the stock of Bank of Palestine BOP earned the lion’s share in terms of market capitalization and price enhancement among the blue-chips, when recording gains of 5.45%, to close at the level of $2.90 following sharp price hikes through transactions that reached $2.69 million that contributed for 44.36% from the PEX’s total trading value of the week. It is good to note that BOP will be holding a board of directors BOD’s meeting on 13/12/2015. This increase in price came due to the distinguished 9M disclosure of the bank, while, the observer may perceive the routine period of the stock movement in the market prior to the annual financial data disclosure and holding the next meeting of the general assembly in the coming year. Moreover, the stock of Palestine Development and Investment Company PADICO came in the second place in terms of activity when its transactions contributed for 15.28% from the PEX’s total trading value of the week. PADICO recorded gains of 1.67%, to close at the level of $1.22 strengthening the higher levels that have been reached.

Moreover, activity was witnessed on the stocks of the banking sector, to raise the trading value in the PEX. Whereby, the trading value of the stocks of both Al-Quds Bank QUDS and Palestine Islamic Bank ISBK increased after executing two institutional transactions in their shares during the week. On the other hand, the trading on the leading stock of Palestine Telecommunications PALTEL was relatively slow compared to the other blue-chips, when its transactions didn’t exceed 3.42% from total weekly trading value. Accordingly, PALTEL increased slightly by 0.36%, to close at the level of JD5.64. It is worth mentioning that the company with be holding a BOD meeting on 06/12/2015 to discuss its business plans and budget for 2016 in addition to its financial data results till the end of October 2015.

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
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

2017-04-25
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.

 

 

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