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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.

 

 


 

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

 

 

 
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