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Al Quds Index declines and trading value increase on institutional transactions

2016-08-18

Weekly Trading Report ]14-18/08 [2016

 

The price range of Al-Quds Index widened this week, while, the index didn’t succeed to close around its previous closing level due to a decline in the price of some stocks with the heaviest weights, despite the unique positive performance of other stocks. Regarding the liquidity levels, 89.51% from total trading value were limited to 4 stocks only. The stock of Palestine Development and Investment Company PADICO topped Palestine Stock Exchange PEX after executing institutional transaction with a high volume. Back to the most dominants on the market of anticipation motives, one whole week remains to the extended legal period for the listed companies to disclose their financial data for the 30th of June 2016. Some companies have already disclosed their data during the week, while the coming week is expected to witness disclosures’ momentum. However, the disclosed financial data of the listed companies varied between positive and negative, to help vary the trading pace on  the stock of the company that disclosed its data, to end with opposing performance sometimes and conservative sometimes on another hand.

One of the most anticipated disclosures was the disclosure of the Arab Palestinian Investment Company APIC following the fiery price performance witnessed for a while. In this week, APIC disclosed posting net income attributable to the shareholders of the parent company of $4.34 million; up by 18.09% than the corresponding period of 2015, to record earnings per share EPS of $0.66.  This increase came despite the decline in the operating income following the strategic expanding and development by the company to target new markets and improve the provided products and services. Whereby, the other revenues contributed in increasing the profits compared to the corresponding period of 2016, in which, has recorded loss provision for liquidating a subsidiary of APIC in Africa. However, the operating indicators are still under the eyes of analysts. Regarding the data, APIC records P/BV of 1.42x and PE 13.61x. On the other hand, and regarding the other disclosures, the stock of Palestine Telecommunications PALTEL declined by 4.60%, to reach JD40.80 million in H1 2016. This decrease followed a decline in gross income despite the growth of revenues, and the increase in the company’s stake from affiliates’ loss. Based on the disclosure, PALTEL records P/BV of 1.29x and PE of 8.18x.

Regarding the other disclosures, the net income of the Vegetable Oil Industries Company VOIC increased by 4.13% in H1 2016 following the increase in sales. VOIC recorded net income after tax of JD2.59 million following an increase in the operating income and the company’s stake from associates’ profits. Accordingly,  VOIC records BV of JD5.83 and P/BV of 1.67x. On the other hand, Birzeit Pharmaceuticals Company BPC recorded net income attributable to the shareholders of the parent company of $4.69 million; down by 2.29% compared to the corresponding period of 2015. This followed a decrease in gross and operating income. It is worth mentioning that the company trades on P/BV of 1.32x.

 


 

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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