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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.

 

 

 


 

2024-03-28
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AQARIYA records net income of $0.83 million in 2023

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SANAD realizes net loss of $5.03 million in 2023

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ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
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