Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Active Trading with the increase of semi-annual financial data anticipation

2017-07-13

Sahem Weekly trading report (09-13)-07- 2017

In parallel to the investors’ anticipation for the semi-annual financial data disclosures, the active trading that started several weeks ago continued, to widen the price range for Al-Quds Index, to close at the level 565.88 points; up by 0.94% than its previous weekly closing level, and by 6.31% than its closing level at the end of 2016. On the Other hand, the liquidity levels have remained similar to the previous weeks after executing several transactions on some leading stocks and others. While the coming period still drags the attention of followers, especially with the attempts of important stocks in the market to breakthrough new levels despite the absence of significant news this period.

 

Regarding this week’s trading, the stock of the largest investment company by market capitalization - Palestine Development & Investment Company PADICO- topped the PEX in terms of trading value when its transactions reached $7.54 million. Furthermore, the stock increased by 3.29%, to close at the level of $1.57 following active trading and executing several transactions on its shares during the week. Moreover, executing several transactions on the stock of the leading company – the Arab Palestinian Investment Company APIC -  led the stock to increase by 3.39%, to trade above its equivalent price after approving the distribution of cash and stocks dividends for the year 2016, to close at the level of $1.83, through transactions worth $3,36 million. On the other hand, the stock of Palestine Real Estate Investment PRICO – the investment arm of PADICO in the Real Estate sector – increased significantly by 14.29%, to close at the level of JD0.64 following widening in its price range after executing a transaction of 840 thousand shares and following transactions worth $2,09 million. However regarding the stock of the largest company by market capitalization – Palestine telecommunication PALTEL – it decreased by 1.46%, to close at the level JD4.73 after transactions worth $1,04 million.     

 

Regarding this week’s significant news,  Palestine Plastic Industries LADAEN – a subsidiary of Palestine Industrial Investment PIIC – announced starting a comprehensive plan to restructure the company's capital and operations and adopt a new business plan, whereby the company has established a new private shareholding company under the name” Ethmar Plastic Industries”; specialized in manufacturing plastic cans, whereby, LADAEN owns  9.5% of the new company and PIIC owns 50.5% while the remaining 40% is owned by a partner from outside the group. However, LADAEN noted renting its factory buildings to Ethmar Plastic Industries. It also confirmed that the company would not exercise any activities nowadays; indicating that its income will be achieved through its stake from the new company’s profits, in addition to the annual rental income of the factory buildings. It is worth mentioning that the general assembly of LADAEN has approved, on its meeting last May, decreasing its paid-up capital by 90% each according to his contribution; from JD7.00 million to JD0.70 million in order to cover the accumulated loses.

 

 


 

2017-10-23
LADAEN realizes net loss of JD0.04 million in 9M 2017

2017-10-23
AZIZA posts net income of JD2.90 million in 9M 2017

2017-10-23
PIIC reports net income of JD4.91 million in 9M 2017

2017-10-23
PSE posts net income of $0.37 million in 9M 2017

2017-10-23
PEC posts net income of $6.35 million in 9M 2017

2017-10-23
ISBK reports net income of $9.44 million in 9M 2017

2017-10-23
PALAQAR reports net income of JD0.13 million in 9M 2017

2017-10-23
ARAB posts net income of JD0.05 million in 9M 2017

2017-10-23
TNB posts net income of $7.06 million in 9M 2017

2017-10-23
QUDS reports net income of $9.42 million in 9M 2017

2017-10-19
Scare liquidity amid the start of financial disclosures flow

2017-10-12
Al-Quds Bank records net income of $9.42 million in 9M 2017

2017-10-05
Optimism in the PEX with the start of October

 

 

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