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PADICO decides to unify the group's policies and undertake the necessary restructuring

2017-07-27

Sahem Weekly Trading Report (23-27)-07-2017 

Al Quds Index ended the week at the level of 556.89 points, down by 0.42% through a decline in trading values by 65.16% compared to the previous week, to trade 5.76 million shares that valued at $7.49 million. Following the continuous  anticipation of the development in the investment environment in the political and security conditions in Palestine – as the PEX is considered the interface of the Palestinian economy that is most affected by the political situation. Therefore, the performance for the market this week is characterized with fluctuation. While; Investors with their different categories are still anticipating the semi-annual financial data for the listed companies because of their significant impact on the investors’ behavior in the market during the coming period.

  

Regarding this week’s trading, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO - topped the PEX for the sixth time in a row, to balance at the level of $1.52 following active trading worth $2.60. It is worth mentioning that the company held its board of directors BOD meeting on 24/07/2017, whereby approved to unify the group’s polices and control the administrative expenses. In addition to undertake the necessary restructuring in order to face the upcoming period. As for the stock of the largest bank by market capitalization – Bank of Palestine BOP – it closed at the level of $2.47; down by 0.80% than its previous weekly closing level when its transactions worth $0.98 million. Regarding the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL – it closed at the level of JD4.69; down by 0.42% than its previous weekly closing level, after transactions worth $0.97 million. In another context,  Palestine Plastic Industry LADAEN’s stock witnessed a significant increase by 900%, where the stock increased from JD0.28 to JD2.80. LADAEN’s  price floated on 24/07/2017 session according to the first trading session mechanism, it is worth mentioning that the stock was halted from trading until the completion of the capital reduction requirements after the General Assembly GA’s decision of decreasing the paid up capital by 90% each according to his contribution; from JD7.00 million to JD0.70 million in order to cover the accumulated losses, And that decision was taken in its meeting on 04/05/2016.

 

Regarding the semi-annual financial disclosures in this week, Wataniya Palestine Mobile Telecommunications WATANIYA noted realizing net loss of $1.37 million in H1 2017, compared to net income of $1.03 million in the corresponding period of 2016. This followed an increase in the company’s general and administrative expenses as a result of incurring expenses in the preparation of entering  Gaza strip during H1 2017. In addition to the illegal competition by Israeli telecommunication companies. On another hand, the board of directors BOD of Birzeit Pharmaceuticals BPC approved in its meeting on 24/07/2017 investing in Palestine Islamic Bank ISBK.

 


 

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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