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Banking stocks top the PEX in trading value and price change

2017-01-12

Sahem Weekly Trading Report (08-12)-01-2017

The trading in the second week of the year 2017 was characterized with scarcity in substantial news on the listed companies on one hand, and the receding in the routine movements with their price effects on another hand. Whereby, Al-Quds Index traded around the levels recorded in the previous week, to close at the level of 537.00 points; up by 0.35% than its previous closing level. Regarding the liquidity indicators, it was slow with entering the routine season of moving between the listed companies’ stocks- especially the blue-chips- based on the return on investment estimations. However, the preliminary annual financial data disclosure anticipation remains on the investors agendas to reinforce their investments positions and calculate the return on investment of their portfolios.

Regarding the price dynamics, the current price of the largest company by market capitalization- Palestine Telecommunications PALTEL- records premium to 52-weeks low of 0.61%, and discount to 52-weeks high of 12.81%. Moreover, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- records, based on the current price, premium to 52-weeks low of 6.67%, and discount to 52-weeks high of 8.94%. Regarding the stock of the largest bank by market capitalization- Bank of Palestine BOP-, it records premium to 52-weeks low based on the current price of 14.92%, and discount to 52-weeks high of 6.25%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, reports, based on the current price, premium to 52-weeks low of 69.37% and discount to 52-weeks high of 3.09%.

Regarding this week’s trading, the stock of Palestine Islamic Bank ISBK topped the PEX by 22.01%, to close at the level of $1.92; up by 4.35% than its previous closing level, after trading in a relatively wide range. The stock of Palestine Telecommunications PALTEL followed when its transactions constituted 20.86% from PEX total trading value, to close at the level of JD4.97; down by 0.20% than its previous closing level. Moreover, the stock of Bank of Palestine BOP followed when its transactions constituted 20.71% from PEX total trading value, to close at the level of $2.85; up by 3.64% than its previous closing level after trading in a relatively wide range. It is good to note that the board of directors of BOP will be holding a meeting on 22/01/2017. Furthermore, trading was active on the stock of the Arab Palestinian Investment Company APIC, to close at the level of $1.88; down by 1.05% than its previous closing level and through transactions that constituted 15.53% from total trading value. On the other hand, the stock of the Arab Palestinian Shopping Center BRAVO stabilized at the level of JD1.36, without any change than its previous closing level after transactions that constituted 6.04% from PEX total trading value.

 


 

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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