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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.

 


 

2017-11-16
Al-Quds Index in the red zone amid lack of drivers

2017-11-12
Bank of Palestine opens a representative office in Chile

2017-11-09
The PEX records average PE ratio of 12.2x in 9M 2017

2017-11-08
GUI posts net income of $0.80 million in 9M 2017

2017-11-08
AIG reports net income of $1.21 million in 9M 2017

2017-11-02
A decline in Al-Quds Index with the end of the disclosures’ legal period

2017-11-01
RSR records net income of JD0.43 million in 9M 2017

2017-11-01
NSC posts net income of JD0.24 million in 9M 2017

2017-11-01
TIC records net income of $1.79 million in 9M 2017

2017-11-01
PICO reports net income of $2.16 million in 9M 2017

2017-11-01
AQARIYA records net income of JD0.40 million in 9M 2017

2017-11-01
PRICO realizes net loss of JD3.97 million in 9M 2017

2017-11-01
TRUST reports net income of $3.40 million in 9M 2017

2017-11-01
MIC posts income of $1.01 million in 9M 2017

2017-11-01
PADICO posts net income of $11.95 million in 9M 2017

2017-11-01
BOP records net income of $38.54 million in 9M 2017

2017-11-01
WASSEL records net income of $0.02 million in 9M 2017

2017-11-01
AIB reports net income of $5.83 million in 9M 2017

2017-11-01
NIC posts net income of $4.04 million in 9M 2017

2017-11-01
JPH reports net income of $1.91 million in 9M 2017

2017-11-01
JREI realizes net loss of $0.22 million in 9M 2017

2017-11-01
AHC realizes net loss of JD1.10 million in 9M 2017

2017-11-01
ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01
PID posts net income of JD 0.01 million in 9M 2017

 

 

 
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