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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.

 

 


 

2017-04-26
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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