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Palestine Exchange ends the year with a moderate price performance

2016-12-29

Sahem Weekly Trading Report (26-29)-12-2016

With new hope for what may the coming year hold of exceptional investment opportunities within the sustained growth of the listed companies’ profits, the increase in liquidity, and maintain a moderate performance, Palestine Stock Exchange PEX ended the year at the level of 530.16 points; with weekly gains of 0.39%, and down than its yearly closing of 2015 by 0.48%. However and despite the price fluctuations in the regional and international markets, but the PEX isolated itself from these fluctuations, to ensure once again that the basses of investments and the investment decisions stem from substantiality of the Palestinian companies and mainly the environment that incubates them. On another hand, the closing of the year 2016 increased by 8.55% than the lowest level recorded during the year which was witnessed in May. However, the anticipation grows for the year 2017 for boosting in the market capitalization and improving in the market in general.

Regarding this week’s trading with the four trading sessions, the stock of Bank of Palestine BOP- the largest bank by market capitalization- topped the PEX by trading value when reached $0.75 million, to stabilize at the level of $2.65 without any change than its previous closing. Moreover, the stock of the National Bank TNB increased by 3.26%, to close at the level of $1.90, through transactions worth $0.34 million after trading in a relatively wide range. Regarding the stock of largest company by market capitalization- Palestine Telecommunications PALTEL- it slightly declined by 0.20%, to close at the level of JD4.98 through transactions worth $0.67 million. It is good to note that PALTEL Group's mobile and fixed line licenses were prolonged by the Palestinian Authority for another 20 years at a cost of $290 million. However and for the second week in row, trading was active on the stock of Palestine Investment and Development Company PID, to stabilize at the level of JD1.27 without any change than its previous closing level and through transactions worth $0.25 million.

As for 2016’s results than enhance the image of the PEX on the world investment map and ensure following the best standards, the PEX was upgraded from the list of markets on the "Watch List" to a Frontier Market by the Financial Times Financial Indicators Group (FTSE Indices), to add another positive factor for what was built and is still being built by all parties of the financial market since years. On another hand and in this year also, the PEX’s request has been accepted to be granted the full membership in the World Federation of Exchanges; an important indicator for several international investors, institutions and investment funds, whereby, this reflects compliance with international standards in the securities’ investment field, which are determined in accordance with the best international practices in the area.

Within its yearly modification that coincides with the end of the year 2016, the PEX announced the new composition of the Al-Quds Index for the year 2017 after reviewing the companies it consists of, to include 15 companies out of 48 listed companies that represent 83.5% of the total PEX market capitalization. It is worth mentioning that the PEX used a new methodology for Al-Quds Index sample calculation for the year 2017. The most important content of this methodology is determining relative weights for the selection parameters and taking into account the sectoral representation. Whereby, the number of companies in the sample remained the same. However, the 2017 Al-Quds Index was modified by replacing Jerusalem Cigarettes Company JCC with Palestine Industrial Investment Company PIIC.


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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