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Al-Quds Index declines affected by the blue-chips

2017-01-19

Sahem Weekly Trading Report (15-19)-01-2017

Al-Quds Index differed in its performance for this week than the last two weeks, to close at the level of 527.53 points; down by 1.76% than its previous closing level, and by 0.50% than its closing level of the year-end 2016 due to a decline in the three leading stocks with the heaviest weights. On the other hand, Palestine Stock Exchange PEX witnessed scarce liquidity and relatively slow price movements amid a continuous lack in the significant news which will be able to reinforce the optimism among investors- with their different types- towards the positive anticipation for the preliminary financial data disclosures.

 

Regarding this week’s trading, the stock of Palestine Telecommunications PALTEL- the largest company by market capitalization and the heaviest weighted stock in the Index-topped the PEX when its trading value hit $1.94 million, to decline significantly by 3.42% and close at the level of JD4.80 after recording new 52-weeks low level during this week. Moreover, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- declined by 3.57%, to close at the level of $1.08 through transactions worth $0.37 million. Regarding the leading stock of the Arab Palestinian Investment Company APIC, it stabilized at the level of $1.88 without any change than its previous closing level and through transactions worth $0.84 million. In the banking and financial services sector, trading was active on the stock of Palestine Islamic Bank ISBK, to close at the level of $1.94; up by 1.04% than its previous closing level after trading in a relatively narrow range and through transactions worth $0.43 million. However and regarding the largest bank by market capitalization- Bank of Palestine BOP- it closed at the level of $2.84; slightly down by 0.35% through transactions worth $0.27 million. Furthermore, the stock of the National Bank TNB decreased by 1.06%, to close at the level of $1.87 through transactions that didn’t exceed $140 thousands.

 

On the other hand, the listed companies accelerate to hold their board of directors BOD meetings to discuss the operation results of last year and any developments in the new year. Whereby, the BOD of Nablus Surgical Center NSC will be holding a meeting on 21/01/2017. Moreover, the BOD of Bank of Palestine BOP will be holding a meeting on 22/01/2017. The BOD of the Arab Hotels Company AHC will be holding a meeting on 25/01/2017. Furthermore, both the National Insurance Company NIC and Al-Wataniah Towers Company ABRAJ will be holding BOD meetings on 25/01/2017. For the next month, the BOD of Palestine Development and Investment Company PADICO will be holding a meeting on 06/02/2017.

 


 

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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