Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Scare liquidity amid the start of financial disclosures flow

2017-10-19

 

 

Sahem Weekly Trading Report (15-19)-10-2017

In this week, the pace of financial disclosures about the financial and operating performance of the listed companies for the first 9M 2017 accelerated, especially with approaching the end of the granted legal period that finishes by the end of the month. With the varied performance of the disclosed companies, Al-Quds Index decreased this week by 1.59% than its previous weekly closing level, to record 577.78 points. This followed price declines for most of the leading shares with the heaviest weights. On the other hand, the liquidity indicator, which is a core engine for breaking the support and resistance level, didn’t witness any substantial change, whereby, liquidity is still trapped within investors conservatism and characterized by relative weakness.

 

Among the financial disclosures this week, Palestine Electric Company PEC announced achieving net income of $6.35 million for the first nine months of 2017 compared to net income of $14.13 million in the same period a year ago, a net decrease of 55.09%. This followed an increase in operating and financing expense and a decrease in the Company’s other revenues. based on the disclosure PEC records book value BV of $1.42 and P/BV of 0.96x.   

 

In the banking and financial services sector, The National Bank TNB announced achieving net income of $7.06 million in the first nine months of 2017; up by 23.78% than the same period a year ago. This mainly followed the increase in net interests and commissions by 19.07% in the first nine months of 2017 compared to the same period a year ago. Based on the disclosed data, TNB records BV of $1.27 and P/BV of 1.44x. On the other hand, The Palestinian Islamic Bank ISBK announced achieving a slight increase in income of 2.22% in the first nine months of 2017 compared to the same period a year ago, to record $9.64 million. This mainly followed an increase by 9.74% in the bank’s share of investment and financing revenue. Moreover, based on the disclosure the bank records BV of $1.51and P/BV of 1.42x.


 

2018-01-18
Scarce liquidity in the PEX and 3G mobile networks in the West Bank by the end of January

2018-01-18
launching 3G mobile networks in the west bank by the end of January

2018-01-11
Relative quietness in the PEX with the increasing anticipation for the annual disclosures

2018-01-08
WATANIYA discusses raising its paid-up capital to $293 million

2018-01-04
The PEX opens the year 2018 in optimism

2018-01-03
The PEX modifies AL-Quds Index composition for the year 2018

 

 

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