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Al-Quds Index gains 3.15% in June and reduces its first half losses

2016-06-30

Weekly Trading Report  ]26-30/06 [2016

Al-Quds Index ended its transactions for the first half of 2016 with a 5.43% decline than its annual closing in 2015. Historically, the Index in this period, especially in the second quarter of the year, is affected by decreases in the stocks that distributed dividends and have heavy weights. The decline in the first half of the year approximates the decline recorded in the corresponding period of 2015. Regarding the first six months of this year, the political aspect was not crowded by any influential factors on the price performance of Palestine Stock Exchange PEX. The main and particular factors related to the financial data, strategies and news on the listed companies contributed the most in formulating the prices trend within a variation in the liquidity factors. During the first half of 2016, Al-Quds Index traded in price range of 49 points, whereby, its highest level was reached on February 8th, while, and touched its lowest level in the last trading session of May. The month of June is considered the price rebounding month for some stocks with varying weights in Al-Quds Index, to record a monthly gains of 3.15% and wipe an important part of its losses since the beginning of the year which resulted from the routinely Ex-dividends.

In the last week of June, the institutional transactions dominated the trading value of the PEX. Whereby, the stock of the Arab Hotel Company AHC topped the PEX with transactions that constituted 32.25% from PEX total trading value during the week due to executing an institutional transaction of 4.15 million shares, whereby, the buyer was a company specialized in the hotel and tourism services’ sector, one of Aswaq for Investment Portfolios Company’s investments; the subsidiary of Palestine Investment Fund. The stock of the Arab Palestinian Investment Company APIC followed, after a distinguished performance in terms of liquidity indicators and price movements together since weeks. The trading value of the stock recorded 20.47% from PEX total trading value, to noticeably increase by 4.29% and close at the level of $1.46; recording the highest price level since its listing.

Regarding the heaviest weighted stocks, the transactions of Palestine Development and Investment Company PADICO constituted 14.29% from PEX total trading value, to increase by 3.45% and close at the level of $1.20. Moreover, the transactions of Palestine Telecommunications Company PALTEL constituted 11.88% from PEX total trading value, to close at the level of JD5.03; slightly down by 0.40%. Furthermore, the transactions of Bank of Palestine BOP constituted 5.72% from PEX total trading value, to decrease by 0.79% and close at the level of $2.50. On the other hand and with the beginning of the coming week which coincides with the beginning of July, the legal period granted by the PEX to disclose the semi-annual financial data will start and end mid of August. Thereby, the PEX enters a cautious anticipation phase in the beginning of July within a variation in the listed companies’ profits expectations. While undoubtedly the optimism dominates more given what has been reported within Q1 2016.

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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