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Coherent performance amid a variation in the optimism degrees

2015-12-10

Weekly Trading Report [06-10/12/ [2015

Amid a variation in the liquidity degrees on the leading stocks this week, Al-Quds Index traded in a coherent price range in attempts to strengthen the new support levels in this relative activity wave. However, the positive performance is clearly reflected in Palestine Stock Exchange PEX when any incentive appears; the optimism degrees vary based on these drivers among investors, to appear in differences in the ways of seizing these price hikes; taking into consideration the nature of investment objectives and their time horizons. The most important thing that reflects this pattern is the current optimism regarding the return of relative rebounding in the economic growth with the GDP soar by about %2.1 in Q2 2015 compared to Q2 2014, in parallel to the opposite idea regarding the need of the Palestinian economy to achieve a sustainable development, which many believe that is not possible without applying the right of self-determination of the Palestinian people. While to scale the idea more, this variation is also reflected in the investors’ confidence in the investment feasibility in the Palestinian listed companies in terms of the annual dividends distribution, while the investors’ judgment about the companies’ ability to the permanent and sustainable adaption for all the political conditions especially the security conditions vary.

During the week, the stock of Bank of Palestine BOP- the largest bank by market capitalization- is still topping the PEX when its transactions contributed for 58.32% from total PEX’s trading value, amid significant activity and purchasing/selling orders’ filling quickness, in parallel to a variation in the activity of the investors’ stakes on BOP’s stocks. BOP increased by 1.38%, to close at the level of $2.94 and create investors’ anticipation about breaking through an important forthcoming resistance level. Moreover, the stocks of the banking and financial services’ sector continued its relative activity, whereby, the trading value of Palestine Commercial Bank PCB contributed for 7.27% from total trading value during the week, in which thoroughly the stock achieved sharp gains of 4.44%, to close at the level of $0.94. Furthermore, the transactions of Al-Quds Bank QUDS contributed for 3.72% from total trading value in parallel to an increase of 3.45%, to close at the level of $1.20.

On the other hand, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- secondly topped the PEX in terms of trading activity, whereby, its transactions contributed for 11.17% from total trading value. While the stock decreased by 2.46%, to close at the level of $1.19.  On the other hand, the stock of Palestine Telecommunications PALTEL- the largest company by market capitalization- decreased by 0.35%, to end its transactions that contributed for 5.73% at the level of JD5.62. In another context, the listed companies started to schedule their board of directors’ meeting to discuss their preliminary annual financial data and the budgets of the next year.

 

 

 


 

2017-04-30
VOIC approves distributing 60% cash dividends for the year 2016

2017-04-30
Acceleration in the quarterly disclosures’ pace and dividends distribution momentum

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.

 

 

 
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