Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-18

Sahem weekly Trading report (14-18)-05-2017

With the completion of holding the general assembly GA meetings of blue-chips with the highest market capitalization, weights and circulation in the market, Al-Quds Index witnessed a decline of 0.56% in this week, to close at the level of 525.80 points compared to the previous week. This coincided with the start of a routine price declines wave in order to balance the prices after the dividends’ distribution. It is worth mentioning that with the price declines, the anticipation degrees among investors increase in order to capture the best opportunities to build investment positions in Palestine Stock Exchange PEX. Whereby, with the price routine cycles of the leading stocks prior and after the dividends distribution, the main reason for the price movements in the PEX, in general, appear.

One of the most important significant news this week was the approval of the GA of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization-, in its meeting on 15/05/2017, to distribute 5.00% cash dividends for the year 2016, to record dividends yield of 4.00% based on the price on the entitlement date and 65.79% payout ratio based on the EPS attributable to the shareholders of the parent company FY2016. However, in the market, PADICO’s price declined but traded above its equivalent price, to record weekly decline of 1.60% compared to the previous week. While the stock witnessed active trading that contributed in 31.27% from PEX total trading value this week. On the other hand, the transactions of Palestine Telecommunications PALTEL- the largest company in the PEX in terms of market capitalizations- contributed by 12.93% from PEX total trading value this week, to close at the level of JD4.70; up by 0.21% than its previous closing level. Regarding the largest bank by market capitalization- Bank of Palestine BOP-, it closed at the level of $2.45; down by 0.41% than its previous closing level, after transactions that constituted 8.94% from PEX total trading value. On another hand, the stock of Jerusalem Pharmaceutical Company JPH witnessed active trading in this week, to close at the level of $1.85; down by 0.54% than its previous closing level and after transactions that constituted 19.25% from PEX total trading value this week.

Regarding the significant news also, the governor of Palestine Monetary Authority PMA noted that Palestinian officials are planning to issue digital currency “Bitcoin” for the Palestinian Territories in 5 years in a move to provide protection against the possible Israeli intervention. The thought to issue the digital currency which will be called “Palestinian Pound” came due to the obstacles that face the Palestinian Authority; mostly “Paris Protocol” which gave the PMA the tasks of a Central Bank but without the ability to issue currencies, and the continuous submission to the Israeli side in printing the currencies and bring them to the country, in addition to the lack of facilities to print money. In another announcement by the PMA, it disclosed moving towards building a central bank after the construction of the central bank building in Ramallah, and the intention to move there next week. Where there are expectations to issue Palestinian Central Bank law in the next two weeks. It is worth mentioning that PMA started a restructuring plan 10 years ago to become a central bank.   

 


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013