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Al-Quds Index in a horizontal movement and institutional transactions increase the trading value

2016-06-23

Weekly Trading Report  ]19-23/06 [2016

 

The general trend of the moving stocks in Al-Quds Index varied this week. Some had an effect in the relative balancing around the prevailing prices, while others haven’t been helped by the levering liquidity yet. Whereby, the standstill and anticipation status- far from the institutional transactions- is still dominating Palestine Stock Exchange PEX amid a horizontal movement that is sloping down this week following the lack in general incentives. Regarding the expectations, the listed companies’ semi-annual financial data disclosure is what mostly anticipated by the investors with their different categories. The long-term investor may have stronger vision on his annual return in effect, while the speculator may ride any price wave that results on the financial announcement. In both cases, the PEX lacks qualitative liquidity factors that are able to shift the general and comprehensive activity.

In terms of this week’s trading, the stock of Al-Takaful Palestinian Insurance Company TIC topped the week’s transactions by 24.84%. This followed executing an institutional transaction on TIC’s shares, in which Palestine Islamic Bank raised its stake in the company to 42.13% through purchasing 1.41 million shares. TIC declined slightly by 0.32%, to close at the level of 3.14%. The stock of the National Bank TNB followed when its transactions constituted 22.62% from PEX’s total trading value after executing several high-volume transactions- some were institutional. On the other hand, TNB achieved noticeable gains this week, to close at the level of $1.47 after recording gains worth 3.52%. The stock of the Arab Palestinian Investment Company APIC – with it significant activity since weeks- followed, when its transactions constituted 18.17% from total trading value after rapid price movements that were overlapped thoroughly by several traders’ categories, to raise the price at the end of the week remarkably by 6.06% and close at the level of $1.40; the highest price since 52 weeks.

As for the blue-chips with the highest market capitalization, the transactions of Bank of Palestine BOP- the largest bank by market capitalization- constituted 11.90% from the PEX total trading value, whereby, the stock traded in a narrow price range and maintained significant support level since weeks, to close at the level of $2.52; up slightly by 0.40%. Moreover, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- constituted 6.39% from PEX total trading value-, declining by 0.85% and closing at $1.16. Furthermore, the transactions of Palestine Telecommunications PALTEL- the largest company by market capitalization- constituted 4.25% from PEX total trading value, closing at JD5.05 without a change.

 

 


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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