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Al-Quds Index gains 1.7% from blue-chips

2016-07-14

Weekly Trading Report ]10-14/07 [2016

Within medium-volume and relatively far from high-volume transactions, Al-Quds Index reported gains of 1.71% this week, in which its levels above the support points in the previous weeks have been strengthened. This came at the beginning of the second half of the current year and after the listed companies had approved dividends distribution for the year 2015, along with the receding in the prices decline wave following the dividends entitlement and the start of the spontaneous price correction movement in parallel to creating the general image of the expected yields for the year. Whereby, theoretically, the stocks currently trade without the previous year’s profits, while, implicitly with the start of companies to disclose their operations results during along the current year, the investor starts approximately to expect his yield from the distribution till the end of the year. In accordance, this expectancy positively reflects the stocks’ prices after the accumulation of disclosed profits in their value. This leads to the start of new price cycle in the market that is related to some market indicators and expectations variation for each stock alone. However, the anticipation increases this period to disclose the semi-annual financial data for 2016, which affects the investors’ behavior in the market during the coming period.

The stock of the Arab Palestinian Investment Company APIC topped Palestine Stock Exchange PEX in terms of liquidity when its transactions constituted 30.77% from total trading value of the week. This follows the activity on the stock for several weeks, which is accompanied by positive gradual price movements and sometimes sharp. This week, APIC gained 4.08% when closed at the level of $1.53 to record a new highest historical price. The stock of Palestine Development and Investment Company PADICO followed when its transactions constituted 23.81% from PEX total trading value during the week, to close at the level of $1.18; up by 0.85%. Moreover, the blue-chips in the services sector- the telecommunications companies- witnessed significant price activity as well. The stock of Palestine Telecommunications PALTEL-the largest company by market capitalization- increased by 2.36%, to close at the level of JD5.20 after a decrease in the selling offers at low levels that have been trading around for the previous weeks. The transactions on the stock of Wataniya Palestine Mobile Telecommunications WATANIYA were active when reached 10.09% from total trading value, to record gains of 4.88% and close at the level of $0.86.

The stocks of the banking sector followed in terms of activity amid a variation in the final price trend. After a noticeable price stability around the support levels of Bank of Palestine BOP for several weeks, it increased by 1.20% to close at the level of $2.53 after transactions that constituted 7.68% from PEX weekly trading value. Moreover, activity was witnessed on the stocks of Al-Quds Bank QUDS and Palestine Islamic Bank ISBK which their transactions altogether constituted 5.47% from PEX total trading value, whereby QUDS declined by 0.81% to close at the level of $1.23, while ISBK increased by 2.27%; closing at the level of $1.35.

 

 


 

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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