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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.

 

 


 

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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