Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Significant cohesion for Al-Quds Index despite the liquidity scarcity

2016-01-21

Weekly Trading Report [17-21/01/ [2016

Despite the slight decline in some effectible stocks with heavy weights in Al-Quds Index, the Index maintained a relatively constant price range around its previous week closing, to close with slight change leaning to decrease. However, the price movements were extremely slow leaning to boredom due to heaviness in filling selling and purchasing orders. On the other hand, liquidity scarceness dominates the transactions in the market- especially for the leading stocks-, despite topping Palestine Stock Exchange PEX by the medium-capitalization stocks.

The stock of Palestine Commercial Bank PCB topped the PEX for the third week in a row, when its transactions contributed for 27.68% from the PEX’s total trading value due to executing an institutional transaction at the beginning of the week.  PCB achieved gains of 1.89%, to close at the level of $1.08. On the other hand and within a disclosure directed to the Palestine Capital Market Authority PCMA, the bank noted that the intensive trading volume on its stocks lately is a result of the procedures implemented by PCB with the financial institutions to raise its paid-up capital and create strong banking partnerships given its good financial status and ability to achieve profits. In terms of increasing the paid-up capital, the bank noted that it is still in the memorandums of understanding process with these institutions, whereby, no official deals have been reached till this moment.  Moreover, the bank’s management said that the activity on PCB’s stocks is due to the bank’s procedures to cover the accumulated losses in order to be able to distribute dividends to its shareholders and enhance the stock’s price.

In terms of activity, the stock of Palestine Real Estate Investment Company PRICO – the investment arm of PADICO Holding in the real estate sector- followed when its transactions contributed for 23.36% from the PEX’s total trading value during the week, to record fiery gains of 6.56%, to close at the level of JD1.08. It is worth mentioning that PRICO reported significant net income in 9M 2015 compared to net loss in the corresponding period of 2014. From the substantial news of the subsidiaries of PADICO, Palestine Industrial Investment Company PIIC- the investment arm in the industry sector- announced reaching an advanced phase of negotiation to purchase all shareholders’ stakes of Al Pinar General Trading Company, which in involved in manufacturing and distributing dairy products, whereby, it is expected to complete this transaction in the coming few weeks. Returning to the trading activity, the leading stocks of the heaviest weights in the Index- Palestine Telecommunications PALTEL, Palestine Development and Investment Company PADICO and Bank of Palestine BOP- followed, to contribute altogether 37.93% from PEX’s total trading value this week with no significant market changes. PALTEL closed at the level of JD5.56; down by 0.18%. PADICO decreased by 0.83%, to close at the level of $1.19. Moreover, BOP declined by 0.34%, to close at the level of $2.94. 

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013