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High liquidity level raises the market's trading volume this week

2017-07-20

 

Sahem Weekly Trading Report (16-20)-07-2017                                                         

The beginning of this week witnessed very active trading on the listed companies in general and the stock of the  largest investment company by market capitalization- Palestine Development and Investment Company PADICO-in particular. However and with the end of the week, and what has the country witnessed of political developments and the reflections of the situation in Jerusalem caused profit taking which led to the decline of Al-Quds Index by 1.18% than it’s previous weekly closing, to close at the level 559.23 points. At the same time , the anticipation increases among all of the investors’ categories in PEX with the start of the listed companies’ semi-annual financial data disclosures, which is expected to witness a momentum in the coming period coinciding with the approaching end of the legal granted disclosures’ period in mid-August. Whereby, the PEX granted the listed companies a period of one month and a half to disclose their semi-annual financial data.

Regarding this week’s trading, the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- topped the PEX by 49.76%, to close at the level of $1.52; down by 3.18% than the previous weekly closing level and following executing several institutional transactions on its stocks. It is worth mentioning that the BOD changed their meeting date  from 31/07/2017 to 24/07/2017. Moreover, the stock of the largest company by market capitalization- Palestine Telecommunications PALTEL-closed at the level of JD4.71 ; down by 0.42% than the previous weekly closing level, through transactions that contributed 25.70% from PEX total trading value. Also, trading was active on the leading stock of the Arab Palestinian Investment Company APIC, to contribute for 5.31% from PEX total trading value and close at the level of $1.85; up by 1.09% than the previous weekly closing level.

Regarding the significant news, the extraordinary general assembly GA of Palestine Insurance Company PICO approved, in its meeting on 13/07/2017, the board of directors BOD’s recommendation in March to raise the paid-up capital from $5.00 million to $6.00 million through distributing 20% stocks dividends for the year 2016. It is worth mentioning that the company has previously approved distributing 40% cash dividends for the year 2016. Furthermore, the BOD of Al-Takaful Palestinian Insurance Company TIC has discussed and approved, in its meeting on 17/07/2017, raising the company’s paid-up capital from $9.35 million to $10.00 million through a secondary subscription, whereby will be offering 650 thousand shares to the company’s shareholders with price premium and subscription right date that will be determined later.

In this week, the listed companies accelerated to hold their BOD meetings in order to discuss and approve their financial and operational data for the end of June 2017. In this context, the BOD of Palestine Telecommunications Company PALTEL will be holding a meeting on 26/07/2017. In the same date, both the National Insurance Company NIC and Al-Wataniah Towers Company ABRAJ will be holding their BOD meetings. On another hand, the BOD of Trust International Insurance Company TRUST will be holding a meeting on 25/07/2017. Moreover, the BOD of the National Bank TNB will be holding a meeting on 23/07/2017. Regarding Birzeit Pharmaceutical Company BPC, it will be holding its BOD meeting on 24/07/2017.

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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