Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Horizontal trading amid anticipation for quarterly disclosures

2016-10-09

Sahem Weekly Trading Report (03-06)-10-2016

With the start of October, Palestine Stock Exchange PEX entered the legal period granted to the listed companies to disclose their 9M 2016 financial data, to raise the anticipation once again for the PEX and investors particularly towards the accumulated yield in their minds. Undoubtedly, the expectations for companies financial data vary based on what had been announced in the first half of 2016 and what was layed out for possible impacts in the third quarter. Accordingly, the listed companies’ stocks performance varied this week following the fundamental factors and the ease of the liquidity movement.

This week, the stock of Al-takaful Insurance Company TIC topped the PEX when its transactions contributed 52.81% from PEX total trading value. This followed executing an institutional transaction on TIC’s shares, whereby Palestine Islamic Bank ISBK sold part of its stake to Trust International Insurance Company TIC and Trust Real Estate Company. Accordingly, ISBK’s stake declined to 26.23%, while the stake of the purchasing companies together increased to 62.44%. In terms of the price, TIC closed at the level of $3.63; up by 4.91% than its previous weekly closing. In the activity list, the stock of Palestine Telecommunications Company PALTEL – the largest company by market capitalization- followed, when its transactions constituted 28.98% from PEX total trading value, to close at the level of JD5.15; slightly up by 0.59%. While it was noticed that PALTEL’s price was solid around its support level of JD5.10.

In the market, the stock of the Arab Palestinian Investment Company APIC traded in a medium price range, to close at the level of $1.82; down by 0.55% and record transactions of 5.18% from PEX total trading value. It is worth mentioning that a large part of the investors are anticipating the quarterly financial data of APIC to monitor the impacts of the strategic changes in the company during 2016 and their effects on the profit margins. The stock of Bank of Palestine BOP followed with transactions that contributed 3.31% from total trading value, to decline by 0.39% and close at the level of $2.56. The market is anticipating the effect of the merger between Palestine Commercial Bank and BOP on the balance sheet and income statement of the first nine months of 2016. Moreover, the transactions of Palestine Development and Investment Company PADICO contributed by 1.98% from PEX total trading value, to trade in medium price range and close at the level of $1.15; down by 1.71%. It is worth mentioning also that the operating profit margins of the company are under anticipation for the third quarter of this year.

 


 

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

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