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The PEX opens the year 2016 in slowness

2016-01-06

Weekly Trading Report [03-06/01/ [2016

In the first week of trading in 2016, the general trend in the PEX opposed what had the last year ended with. Whereby, the price movements slowed and the liquidity declined to low levels in the 4 trading sessions of the week amid calmness among the investors with their different categories. Despite the varied optimism levels among the securities’ sector parties that stem from important and substantial factors from the Palestinian investment environment and the listed companies, but the anticipation- with its different types and motives- dominates a large space in the PEX investor’s behaviors following the unique entity of the PEX that imposes itself as purely political format.  Where the negative reflection doesn’t reflect itself harshly in the PEX as we got used to, as optimism and hope for a turnaround in trading and liquidity patterns stay trapped in a qualitative shift in the politics in Palestine which in turn maybe sooner or later.

During the week, the substantial news that impacts the companies’ stocks receded and the investors’ buying/selling strategies were also scarce. During these days, no announcements accelerated except for holding the general assembly meetings in order to review the preliminary annual financial data for 2015. According to the applied law, the PEX grants the listed companies 45 days since the end of the last year to disclose their preliminary data. In this context, the anticipation increases more for investors in waiting for the final figures that will be disclosed by the companies and especially the blue-chips in order to predict the investment yield in the form of cash or stocks dividends, which depends mainly on the company’s remaining strategies during the year to maintain specific operation revenues levels versus completely hedging any surrounding changes.

In terms of trading, the stock of Palestine Commercial Bank PCB topped the PEX by accounting for 57.43% after executing an institutional cross transaction at the end of the week. The stock increased by 6.52% and close at the level of $0.98. The stock of Bank of Palestine BOP came second after topping the transactions among the last weeks, whereby, its transactions constituted 14.98% from the PEX’s total trading value, to decrease by 1.67% and close at the level of $2.95. The stock of Al-Quds Bank QUDS followed by accounting for 13.44%, to close at the level of $1.35; up by 3.85%.

 


 

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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