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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.

 


 

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TNB posts net income of $9.20 million at the end of 2017

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PALTEL posts net income of JD70.53 million at the end of 2017

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PALAQAR records net income of JD3.77 million at the end of 2017

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GUI records net income of $3.77 million at the end of 2017

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PEC posts net income of $8.64 million at the end of 2017

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TIC records net income of $2.19 million at the end of 2017

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BJP posts net income of JD1.64 million at the end of 2017

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ISBK records net income of $14.53 million at the end of 2017

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PICO reports net income of $4.79 million at the end of 2017

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TRUST records net income of $5.43 million at the year 2017

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PSE reports net income 0.68 million at the year 2017

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BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

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ELECTRODE posts net income JD0.07 million at the year of 2017

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VOIC posts net income of JD6.83 million at the end of 2017

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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

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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

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PCMA and JSC signed memorandum of understanding

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BOP proposes distributing 13.5% cash dividends for the year 2017

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Nasdaq and Palestine Exchange sign new market technology agreement

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BOP reports net income of $54.00 million at the end of 2017

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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

 

 

 
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