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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.

 

 

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

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.

 

 

 
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