Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

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

2017-08-17

 
 
 
 

Sahem Weekly Trading Report (13-17)-08-2017

With the end of the legal granted period by Palestine Stock Exchange PEX for the listed companies to disclose their semi-annual financial disclosures’ for the year 2017, the listed companies’ financial disclosures witnessed a momentum during the week, to form ,for all traders’ categories, a clearer vision of the return on investment with its components. In terms of liquidity indicators, the PEX witnessed medium liquidity this week, in which was raised through executing a transaction on the stocks of Al-Quds Bank QUDS of 0.95 million shares, in addition to an increase in the trading activity on both the stocks of Palestine Development and Investment PADICO and the Arab Palestinian Investment Company APIC. Accordingly, Al-Quds Index closed at the level of 565.31 points; up by 0.51% than its previous weekly closing level.

Regarding the financial data disclosures of the blue-chips, Palestine Development and Investment Company PADICO - the largest investment company by market capitalization - disclosed posting net income attributable to the shareholders of the parent company of $7.20 million in the first half of 2017; down by 42.00% than the corresponding period of 2016. This followed a decrease in PADICO’s stake from its associates’ profits- mainly from Palestine Telecommunications Company PALTEL- and an increase in PADICO’s expenses and operating costs. Based on the disclosed data, PADICO records book value BV of $1.73 and P/BV of 0.92x. On the Other hand, the Arab Palestinian Investment Company APIC disclosed posting net income attributable to the shareholders of the parent company of $5.23 million in the first half of 2017, compared to net income attributable to the shareholders of the parent company of $4.34 million in the first half of 2016. This followed an increase in the services revenue and sales revenues. Based on the disclosed data, APIC records BV of $1.23 and P/BV of 1.54x. 

In the banking and financial services sector, Bank of Palestine BOP – the largest bank by market capitalization – disclosed posting net income attributable to the shareholders of the bank of $22.78 million in the first half of 2017; slightly down by 4.70% compared to the first half of 2016. Whereby, the Bank posted an increase of 28.96% in its net interest, financing, investing and commission revenues, in addition to an increase of 31.33% in gross revenues. Regarding the disclosed data, BOP records BV of $1.85 and P/BV of 1.33x . In the same context, the National Bank TNB reported an increase in its net income by 15.26% in H1 2017 compared to H1 2016, to hit $5.36 million. This followed an increase in the bank’s net interest and commission and gross revenues. Based on the disclosed data, TNB records BV of $1.25 and P/BV of 1.45x.

 


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403