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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.


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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