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Al-Quds Index in the green zone despite the political instability

2017-12-07

 

Sahem Weekly Trading Report (03-07)-12-2017

In the first week of December, Palestine Stock Exchange PEX witnessed significant increase in the trading value over the past weeks, following executing several institutional transactions on the stocks of both Palestine Investment Bank PIBC and Palestine Telecommunication Company PALTEL. However and despite the tense situation in the Palestinian Territories following the official recognition of occupied Jerusalem as the Capital of Israel by the US president "Donald Trump” and moving the U.S. Embassy from Tel Aviv to Jerusalem,  Al-Quds Index closed in the green zone at the level of 560.12 points; up by 1.12% than its previous weekly closing level. Whereby, it traded in a relatively wide range; breaking the 560 points barrier that has abandoned last week. Thus, the PEX repeatedly emphasizes its distinguished entity of being able to isolate itself from any political and economic instability.

 

Regarding this week’s trading, the stock of Palestine Investment Bank PIBC topped the PEX in terms of trading value when contributed for 47.76% from the PEX total trading value. This followed executing two institutional transactions of 6.90 million shares on the bank’s stocks, to close at the level of $1.16; up by 0.87% than its previous weekly closing level. Whereby, PIBC recorded its highest price since 52 weeks. However, it is worth mentioning that the board of directors of the bank held a meeting on 06/12/2017, whereby discussed the financial results as for the end of November 2017 and the estimated budget for the fiscal year 2018. Moreover, the largest stock by market capitalization – Palestine Telecommunication PALTEL – secondly topped the PEX in terms of trading value when its transactions contributed for 28.50% from the PEX total trading value, following executing an institutional transaction of 0.70 million stocks of PALTEL, to close at the level of JD4.55; up by 0.44% than its previous weekly closing level and after trading in a relatively narrow range. Furthermore and regarding the blue-chips also, the stock of Bank of Palestine BOP – the largest bank by market capitalization – increased by 2.45% than its previous weekly closing level, to record $2.51 through transactions that contributed for 6.23% from the PEX total trading value. On the other hand, the stock of the largest investment company by market capitalization – Palestine Development and Investment company PADICO- decreased by 2.60% than its previous weekly closing level, to stand at $1.50 through transactions that contributed 4.49% from the total trading value.

 

In the same context, the stock of Union Construction and Investment Company UCI witnessed active trading  this week, to increase by 4.76% than its previous weekly closing level and record $0.66 after transactions that contributed for 2.86% form the PEX total trading value. And in terms of the most active stocks for this week, the stock of Palestine Industrial Investment company PIIC – a subsidiary of PADICO Holding – increased significantly by 23.45% than its previous weekly closing level, to close at the level of JD2.79 through transactions that didn’t exceed $18 thousand. Also, the stock of Golden Wheat Mills Company GMC witnessed a noticeable increase by 10.61% than its previous weekly closing level, to close at the level of JD0.73 through transactions that didn’t exceed $0.12 million. 

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

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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