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Medium liquidity with the start of routine anticipation for the 9M 2017 financial data disclosures

2017-09-14

Sahem Weekly Trading Report (10-14)-09-2017

The performance of Palestine Stock Exchange PEX was balanced this week with the return of the liquidity to the medium levels which have been witnessed for a long time before last week’s revival after Eid Al-Adha holiday. Whereby, AL-Quds Index traded in a relatively narrow range, to close at the level of 571.15 points; up by 0.10% than its previous closing level. However, the PEX witnessed executing several transactions during the week on the stocks of the leading company – the Arab Palestinian Investment Company APIC-, in which raised the PEX trading value. On the other hand, the PEX approaches a routinely anticipation period with the end of September 2017; represented by disclosing the financial and operating results for the first nine months of the current year 2017, to give in turn the green light to vary the roles in terms of supporting and leading Al-Quds Index based on the disclosed data.

 

Regarding this week’s trading, the stock of the largest investment company in terms of market capitalization and the highest among the three leading companies in terms of free float proportion – Palestine Development and Investment Company PADICO – topped the PEX this week when recorded trading value of $1.98 million.  In turn, PADICO closed at the level of $1.62; down by 0.61% than its previous weekly level after trading in a relatively narrow range.  On another hand, executing several transactions on the leading stock of the Arab Palestinian Investment Company APIC contributed in increasing the stock by 1.55% than its previous weekly closing level, to record $1.97 following transactions worth $1.70 million. As for the stock of the largest company by market capitalization in the PEX – Palestine Telecommunication PALTEL –, it closed at the level of JD4.71; down by 0.63% than its previous weekly level and by 1.05% than its equivalent price after approving distributing 40% cash dividends for the year 2016 in May; following transactions worth $0.71 million. However, regarding the largest bank by market capitalization – Bank of Palestine BOP -, it stabilized at the level $2.45 without any change compared to its previous weekly level and after transactions worth $0.40 million.

 

Regarding the most active stocks, the stock of Jerusalem Pharmaceuticals Company JPH witnessed active trading this week, to increase significantly by 17.36% than its previous weekly closing level and record $3.11 after transactions worth $0.40 million. It is worth mentioning that the board of directors of the company will be holding a meeting on 25/09/2017 to discuss the financial results as for 31/08/2017, the marketing and sales conditions, and the operations of the company’s branches. In the same context, the stock of Wataniya Palestine Mobile Telecommunication WATANIYA witnessed active trading this week, to increase noticeably by 3.00% than its previous weekly closing level and close at the level of $1.03 after transactions worth $0.31 million.  

 


 

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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

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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

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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

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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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