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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.

 

 

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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