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Relative quietness and medium transactions in the PEX prior to Al-Eid Holiday

2017-08-30

Sahem Weekly Trading Report (27-30)-08-2017

Palestine Stock Exchange PEX witnessed in this week with four trading sessions medium transactions that didn’t differ from those in the past few weeks, whereby, Al-Quds Index ended this week prior to Eid Al-Adha Holiday, which is supposed to start from Thursday morning 31/08/2017 till Monday evening 04/09/2017, with a slight decrease of 0.01% than its previous weekly closing level, to stand at the level of 566.11 points. This followed a decrease in the prices of some heavy weighted stocks, a stability of others, and a slight increase in the prices of the rest. Whereby, the listed companies’ financial results in H1 2017 coincided with the positive investors’ expectations that preferred retaining their investment positions instead of abandoning, to constitute a factor of optimism and reassurance and be the most important incentive in the PEX.

 

In terms of activity, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO- topped the PEX in terms of trading value when contributed for 54.52% from PEX total trading value. Where PADICO closed at the level of $1.62; up by 1.89% than its previous weekly closing level after trading in a relatively narrow range. It is worth mentioning that the stock increased remarkably by 39.66% than its closing level at the end of 2016 following active trading after approving distributing 5% cash dividends for the year 2016. On the other hand and regarding PADICO’s significant news, a new chairman for Jericho Agro Industrial Park Company JAIP, in which was established in partnership with Palestine Real Estate Investment Company PRICO - the investment arm of PADICO Holding in the real estate sector- and Amaar Group - the investment arm of Palestine Investment Fund PIF in the real estate sector- was assigned. This comes at an important period for an expansionist activities and investment plan development for PADICO Holding. Where the Chairman and board of directors’ members of JAIP seek to achieve the strategic goals of the company, develop its operations, and attract the necessary capital to be pumped in the agricultural industrial zone in Jericho in order to improve the Palestinian economy in line with the objectives and strategies of the parent company "PADICO Holding".

 

Regarding the Blue-Chips also, the stock of Palestine Telecommunication Company PALTEL - the largest company by market capitalization - stabilized at the level of JD4.71 without any change than its previous weekly closing level after trading in a relatively narrow range and through transactions that contributed for 6.89% from the PEX total trading value. Moreover, the stock of Bank of Palestine BOP – the largest bank by market capitalization – decreased by 0.80%, to close at the level of $2.47 following transactions that contributed for 2.63% from PEX total trading value. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC stabilized at the level of $1.90, without any change than its previous weekly closing level and after transactions that constituted 14.32% from PEX total trading value.

 


 

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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