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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.

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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