Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Relative balance in Palestine Stock Exchange ahead of the awaited semiannual disclosure

2016-07-21

Weekly Trading Report ]17-21/07 [2016

Amid the continuing similarity in the liquidity levels of the previous weeks, the leading stocks with the heaviest weights exchanged positions in stabilizing Al-Quds Index around strong resistance levels. Despite the slight daily swinging, the balance of Palestine Stock Exchange is well noticed, which in turn follows the balancing in the leading stocks around specific support levels that were transformed from resistance levels within the activity wave that was resulted from several causes varied between new liquidity or changes in major shareholders in some companies and the 2016 semi-annual financial data disclosures’ optimism. While the coming period still drags the attention of followers, especially with the attempts of important stocks in the market to breakthrough new levels despite the absence of significant news this period.

Within the exchanging roles, the stock of the Arab Palestinian Investment Company APIC has continued to leverage Al-Quds Index for several weeks. Its price trend dominated the Index’s price trend compared to the overall leading stocks’ price trends. This week, APIC recorded noticeable gains of 3.92%, when closed at the level of $1.59 after transactions that constituted 34.58% from PEX total trading value this week. APIC recorded gained 8.90% in July only and with significant percentage. The stock of Palestine Telecommunications PALTEL- the largest company by market capitalization- followed when recorded transactions worth 17.63% from PEX total trading value, to close at the level of JD5.17; down by 0.58% after attempts to breakthrough strong resistance level. And then the stock of Palestine Development and Investment Company PADICO followed in terms of activity, when its transactions constituted 9.89% from PEX total trading value in the market. PADICO witnessed relatively horizontal movements, to end the week closing at the level of $1.17 after a slight decrease of 0.85%.

Within fiery price activity for some stocks calculated in Al-Quds Index sample which also witnessed activity in trading value, the stock of Birzeit Pharmaceutical Company BPC increased significantly by 6.02%, to close at the end of the week at the level of $4.05 after transactions that constituted 7.03% from PEX total trading value. The management of the company justified this price increase to purely market causes without the existence of any undisclosed significant news. Moreover, the stock of Union Construction and Investment Company UCI- out of the index- recorded gains of 11.11% when closed at the level of $0.40 through transactions that constituted 5.80% from total trading value. Regarding the available significant news about the listed companies, the general assembly of the Arab Hotels Company AHC held ordinary and extraordinary meetings on 19/07/2016, whereby approved raising its paid-up capital from JD19.68 million to JD25.00 million through secondary subscription for the company's shareholders in its records as for 18/07/2016. On the other hand, the general assembly of Dar Al-shifa’a for the Manufacturing of Pharmaceutical approved on its meeting on 11/07/2016, distributing 8% cash dividends for the year 2015, to record dividends yield of 2.22%.

 

 


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013