send to a friend by email
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.
|
|