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Executing several transactions raises the market's trading value this week

2017-08-03

Sahem weekly Trading Report (30-07)-(03-08)-2017

Al-Quds Index ended this week in the green zone, to close at the level of 559.45 points; up by 0.46 than its previous closing, While the institutional transactions dominated the market and the increase in trading activity on  the effected stocks caused raising the trading value. The high trading value followed executing an institutional  transaction of 5.51 million stock on Palestine Islamic Bank ISBK’s stock,  that solely contributed in 48.65% from total trading value during the week. Which represents the share of Al-Quds Bank in ISBK, And it was purchased by Palestinian Pension Agency. In another context, the anticipation increases, while Palestine Stock Exchange PEX enters the last third of the legal period of the listed companies’ semi-annual financial data disclosures noting that only three companies had disclosed their semiannual results.

Regarding this week’s trading, Palestine Development and Investment Company PADICO - the largest Investment company by market capitalization – closed at the level of $1.58 where traded in a relatively wide range; up by 3.95%  than its previous weekly closing level. PADICO’s transactions contributed 15.49% from total trading value, Moreover, the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL – closed at the level of JD4.56; down by 0.85%  than its previous weekly closing level after transactions that contributed 4.49% from total trading value. Executing a transaction of 1.07 million stock  on the stock of Palestine Investment Bank PIBC during the week led to an increase in the trading value, where its transaction contributed  5.88% from total trading value, to stabilize at the level of $0.95. On the other hand, the trading value of  Jerusalem Pharmaceuticals JPH’s stock contributed 2.93% from the total trading value, following executing a transaction of $0.31 million, to close at the level of $2.30; up by 4.55% than its previous weekly closing level.

And in the banking sector, the secondary subscription shares of the Arab Islamic Bank AIB started trading on today’s session 03/08/2017, it is worth mentioning that the extraordinary General Assembly GA approved in its meeting on 02/04/2017 raising the paid up capital by $25 million through secondary subscription at the price $1.25, to reach $75 million. In another context, The National Bank TNB opened a branch in Rawabi. 

In Term of financial disclosure , the financial data of Palestine Securities Exchange Company PSE- the operator of the PEX – noted realizing $0.10 million net loss during H1 2017, compared to net income of $0.42 million in the corresponding period of 2016. To record book value BV of $1.134 and P/BV of 4.37x. due to the increase in revenues in addition to the in general and administrative expenses. As for the disclosures of Union Construction and Investment Company UCI , the financial results noted posting net income of $0.55 million, compared to net income of $0.39 million in the corresponding period of 2016; up by 40.33%. to record BV of $1.204 and P/BV of 0.56x.

On another side, the listed companies continue scheduling their board of directors meetings, in order to discuss their financial results and performance for the first half of the current year to be adopted for disclosure .


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

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

 

 

 
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