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Al-Quds Index trades in a narrow price range amid lack of drivers

2016-11-17

Sahem Weekly Trading Report (13-17)-11-2016

In a week with slow price movements, Al-Quds Index couldn’t end up in the green zone after approaching its previous year’s closing of 2015 in the previous week, whereby the 530-points level stays a resistance level on the horizon, in which needs a stronger liquidity momentum with investment characteristic. Moreover, the heaviest weighted shares in the index is the most sustainable leverage for its gains, whereby the previous week witnessed strong price movements but on a weekly basis for some stocks with lower weights in the Index. However, the movements lessened in this week with the 4 trading sessions, amid lack of positive significant news on the listed companies and the bourse in general. In terms of liquidity indicators, the last trading session of the week witnessed high-volume cross transactions – some are institutional- on some of the leading stocks, to raise the trading value of the week to $6.27 million; whereby the last session contributed 61.35% from it.

With the random movements in the regional markets that are related more to the international markets, Palestine Stock Exchange PEX isolated itself with a sole performance related to its own features. This week, Al-Quds Index declined by 0.49% within a price range that didn’t exceed more than 2 points. In the week, Palestine Telecommunications Company PALTEL stabilized at the level of JD5.10 without any change through transactions that contributed 48.66% from total trading value of the PEX during the week. Arab Palestinian Investment Company APIC followed when its transactions contributed 26.46% from PEX total trading value, to increase by 1.57% and record a new historical price of $1.94. Then Bank of Palestine BOP with transactions that valued at 9.80%, to decrease by 0.39% and close at the level of $2.56. On the other hand, the stock of Palestine Development and Investment Company PADICO stabilized at the level of $1.17 without any change, through transactions that contributed around 2.87% from PEX.

On another hand, the leading companies determined dates for holding their board of directors’ meetings in the coming period. One of the mentioned ones is APIC, whereby, will be holding a meeting on 24/11/2016 to discuss the operations of the Arab Palestinian Shopping Centers BRAVO after the decision of restructuring the company, in addition to issuing new bonds worth $35 million. Moreover, PALTEL also will be holding a meeting on 21/11/2016, to revise and discuss the negotiations regarding their license renewal. Moreover, BOP and PADICO decided to hold their meetings on the 4th and 5th of December without specifying the meeting agendas.

 

 

 


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
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