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Medium-cap banking stocks dominate transactions

2016-01-14

Weekly Trading Report [10-14/01/ [2016

With the increase in the trading value than the first week of the year 2016, medium-cap stocks in Palestine Stock Exchange PEX acquired the highest liquidity percentages this week; to outperform the leading stocks that maintain the highest turnover and weights in Al-Quds Index. While some of the banking sector’s stocks constituted the highest stake in trading value; transactions on some investment stocks of the same market value levels were active too. On the other hand, the anticipation in the PEX increases in waiting for the companies’ financial and operations data disclosures in 2015. This was reflected in conservatism among several investors’ types on the trading or its nature especially on the leading stocks in this period. With the entry of the year 2016, the routine cycle starts in the stock market, which with its sequences stages; the price impact varies with the variation in traders’ behaviours. The fiscal year ends and the annual financial disclosures start, then the dividends’ distribution decisions’ announcements follow, then the entitlements come next, and finally measuring the return on investment. This comes with efficient price reflections and well expected routine cycles if other factors remain constant.

Despite the extraordinary difficult conditions of the Palestinian political and economic scene, the optimism increases, to achieve a growth in the annual total profits of the listed companies in the PEX for the year 2015, as what the first nine months of 2015 showed, in which in turn the truth has strengthen about the companies’ ability to adapt with all conditions and overcome all the external obstacles as a result of managing assets optimally. During the week, many listed companies held their board of directors meetings prior to disclosing their annual financial data. Some companies will recommend in their coming meetings distributing dividends for the shareholders for the year 2015. In this context, a clearer vision appeared about the leading companies like “PALTEL” and “PADICO”, which held their meetings this week without taking into consideration the dividends distribution recommendation; therefore anticipation now look forward for the coming meetings.

In this week, the stock of Palestine commercial Bank PCB topped the PEX by constituting 23.00%, to record sharp gains of 8.16% and close at the level of $1.06. It is worth mentioning that PCB is not calculated in the sample companies of Al-Quds Index. The stock of Palestine Telecommunications PALTEL – the largest company by market capitalization- followed when constituted 19.37% from PEX total trading value, to increase by 1.27% and close at the level of JD5.57. The stock of Al-Quds Bank QUDS followed when contributed for 18.42% of total trading value, to grow by 0.74% and close at the level of $1.36. Moreover, activity was noticed on the stock of the Arab Palestinian Investment Company APIC, to constitute 11.21% from the weekly value. APIC achieved gains of 2.70% and closed at the level of $1.14.

 


 

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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