Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index in the green zone for the third week in a row

2016-06-09

Sahem Weekly Trading Report (05-09)-06-2016

It has not been difficult to the observer of Palestine Stock Exchange PEX, among the previous few years, to identify the price cycles of most listed companies. The price cycle is the expected price range any stock can reach and form during its movement, to set the bottom and peak of its levels. In the local market, forming strong bottoms and support levels for some stocks- especially the heavy weighted- was noticed during the previous few weeks. Some has started to rebound in a correction since the start of June, especially after achieving the equivalent prices following the dividends distribution, and the receding in selling offers and the domination of purchasing powers due to building new investment positions. Despite that the liquidity indicators are important for guiding the price cycles, but the liquidity levels in the PEX are still scarce and blurry to the observer.

During the week, Al-Quds Index grew by 0.54%; supported by increases in several stocks with different effecting weights. Regarding the trading value, it was distributed between the leading stocks with variation also. The stock of Bank of Palestine BOP- the largest bank by market capitalization- topped the PEX by 37.91%, to increase by 0.80% and close at the level of $2.52. The transactions of Palestine Telecommunications Company PALTEL- the largest company by market capitalization- constituted 20.55% from PEX total trading value. In total, the stock dropped by 0.98% closing at the level of JD5.05.

The stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- followed when its transactions constituted 16.35% from PEX total trading value during the week. PADICO increased by 1.82%, to close at the level of $1.12 due to the accumulation of purchasing bids in the price depth, in addition to the market price orders. While the increase in the stock of the Arab Palestinian Investment Company APIC positively affected the increase in Al-Quds Index when achieving gains of 3.33% and closing at the level of $1.24 through transactions that constituted 15.16% from PEX total trading value of the week.

Despite the slight price increases, the PEX is still in a phase that is characterized with general incentives inactivity due to the unavailability of any developments in the political and economic aspects. Two new routinely anticipations are witnessed meanwhile, which are the slow transactions of the holy month of Ramadan on one side, and the expectancy of semi-annual listed companies disclosures on another side. With the anticipation types sequence, the type of liquidity able to compensate the shortage in the PEX is what occupies the mind of investors always.

 

 


 

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