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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.

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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