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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.

 


 

2020-05-21
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2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

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MIC posts net income of $0.56 million in Q1 2020

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SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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