Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Optimism in the PEX with the start of October

2017-10-05

Sahem Weekly trading report (01-05)-10-2017

Quds Index succeeded to breakthrough the 570 points level barrier this week, in which rebounded from in the last week of September, to close at the level of 578.09 points; up noticeably by 1.81% than its previous weekly closing level with attempts to breakthrough new psychological barrier after increasing the trading activity on the stock of Wataniya Palestine Mobile Telecommunication Company WATANIYA- the fourth heaviest weighted stock in the Index, in which contributes for around 8.70% from its weight-. This followed the glimmer of hope in the political arena after the initiatives to resolve the split conflict between Fatah and Hamas which lasted for several years. With the conflict resolving, efforts are being made to develop the natural gas field  “Gaza Marine” that has been explored several years ago; as a turning  and essential point to restructure the Palestinian energy sector and impose the national sovereignty over the development and exploitation of the Palestinian natural resources. Whereby, developing this natural gas field will increase the economic movement in the Strip and provide benefit to the population  by offering thousands of jobs, in addition to solving the crisis of gas scarcity controlled by the Occupation. 

 

With the start of October, Palestine Stock Exchange PEX entered the legal period granted to the listed companies to disclose their 9M 2017 financial data, to raise the anticipation once again for the PEX and investors particularly towards the accumulated yield in their minds. Undoubtedly, the expectations for companies financial data vary based on what had been announced in the first half of 2017 and what was layed out for possible impacts in the third quarter. Accordingly, the listed companies’ stocks performance varied this week following the fundamental factors and the ease of the liquidity movement.

 

Regarding this week’s trading, the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL-  topped the PEX in terms of trading value when its transactions amounted for $2.62 million, to stabilize at the level of JD4.65 without any change than its previous weekly closing level. On the other hand, the stock of Wataniya Palestine Mobile Telecommunications WATANIYA witnessed active trading this week, to record significant gains of 12.50% than its previous weekly closing level after trading in a relatively wide range, to close at the level of $1.17, through transactions worth $0.93 million. In the same context, the stock of Palestine Electric Company PEC witnessed noticeable trading activity when its transaction hit 0.60 million, to close at the level of $1.34; up by 7.20% than its previous weekly level. Also, the stock of Palestine Investment Bank PIBC increased by 5.77% than its previous weekly closing, to close at the level of 1.10, after transactions worth $0.71 million. However, the stock of the largest investment company by market capitalization – Palestine Development and Investment company PADICO, it closed at the level of $1.57; slightly up by 0.64% than its previous weekly closing level, following transactions worth $1.47 million

 


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013