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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.

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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