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Al-Quds Bank records net income of $9.42 million in 9M 2017

2017-10-12

Despite the slow price movements pace in the blue-chips’ stocks in the second week of October following the anticipation in the financial disclosures’ month for the first nine months of 2017 dominated the investment appetite and investors’ behavior. Where, stalling in the place outweighed pursuing any price trend, but Al-Quds Index increased significantly, to breakthrough the 580 points level barrier, in which tried to breakthrough last week, to close at the level of 587.12 points, up by 1.56% than  its previous weekly closing level. Where the noticeable increase 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- for the second week respectively, had the most significant impact on the increase of the index . While the quarterly financial disclosure of listed companies remains on the list of investors' expectations this month.

 

Regarding this week’s trading, the stock of Wataniya Palestine Mobile Telecommunication Company WATANIYA witnessed a noticeable increase by 15.38% than its previous weekly closing level, to record $1.35 after trading in a relatively narrow range. Following transactions worth $1.36 million, to acquire by 21.11% from the total traded value in the PEX this week. Also, the stock of Palestine Electric PEC witnessed an increase in the trading activity, to increase by 5.97% than its previous weekly closing level, to record $1.42 after transactions worth $0.57million. 

 

Amid the financial disclosures of this week, Al-Quds Bank QUDS was the first to announce its financial results for the first nine months of 2017, Whereby, QUDS reported net income of $9.42 million compared to net income  of $6.50 million in the same period a year ago. This followed an increase in net interests and commissions, to record BV of 1.48 and P/BV of 1. 34.

 

And within the Blue-chips trading this week, the stock of the largest investment company by market capitalization – Palestine Development and Investment PADICO – stabilized at the level of $1.57, without any change than its previous weekly closing level, following transactions worth $1.11 million after trading in a relatively narrow range that didn’t exceed two points. And Regarding the stock of the largest stock by market capitalization and the highest weighted stock in Al-Quds Index – Palestine Telecommunication PALTEL -, it stabilized at the level of JD4.65, without any change than its previous weekly closing level, following transactions worth $0.59 million. On the other hand, the stock of the largest bank by market capitalization - Bank of Palestine BOP – increased by 1.19% than its previous weekly closing level, to record $2.55 after transactions worth $0.92 million. Moreover, the leading stock of Arab Palestinian Investment Company APC decreased by 1.02% than its previous weekly closing level after trading in a relatively narrow range, to record $1.95 after transactions worth $0.20 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

 

 

 
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