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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.

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

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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