Company Lookup
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




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.


RSR posts net income of JD0.31 million in 9M 2021

APC records net income of JD0.82 million in 9M 2021

ARAB posts net income of JD0.02 million in 9M 2021

Al-Quds Index in a narrow range amid an increase in 9M financial data disclosures anticipation

PHARMACARE recommends distributing 10% cash dividends for the year 2020

A transaction on the stocks of TRSUT raises the trading value in the PEX

Al-Quds Index rebounds upwards in the first week of October



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