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Institutional transactions raise the PEX trading value significantly

2017-12-14

 Sahem Weekly Trading Report (10-14)-12-2017                                                                        

The Palestinian listed companies witnessed this week a start of a new price trend supported by a relatively refreshing liquidity momentum after executing several institutional transactions during the week. Whereby, Al-Quds Index increased by 1.44% than its previous weekly closing level, to record 568.17 points after trading in a relatively wide range. Moreover, within the end of 2017, increasing anticipations among all categories of investors and observers for the upcoming last trading sessions of the year appear with cautious moves towards the year 2018 after emphasizing the positive vision of Palestine Stock Exchange PEX and its development on an annual basis, in line with its distinguished entity and ability to isolate itself from any political and economic developments.

Regarding the week’s active trading; executing an institutional transaction on the stock of Palestine Industrial Investment Company PIIC - a subsidiary of PADICO Holding – of 4.90 million shares led the trading value to increase significantly. This followed transactions of $20.01 million; to contribute for 70.14% from the PEX total trading value, and top the PEX in terms of trading value this week. PIIC traded in a relatively narrow range; up by 2.15% than its previous weekly closing level, to record JD2.85. Moreover, the stock of Birzeit Pharmaceuticals BPC secondly topped the PEX in terms of trading value when its transactions contributed for 12.01% from the total PEX trading value, to record $3.42 million this week. This followed executing an institutional transaction of 0.68 million shares on the company’s stocks, to close at the level $5.40; up by 5.88% than its previous weekly closing level. Also, executing two institutional transactions of 0.62 million shares on the stock of Palestine Islamic Bank ISBK caused an increase in the stock’s trading value to $1.39 million, to close at the level of $2.06; up by 0.49% than its previous weekly closing level.

Regarding the Blue-chips, the stock of the largest bank by market capitalization – Bank of Palestine BOP – increased by 3.59% than its previous weekly closing level, to record $2.60 through transactions worth $1.06 million. On the other hand, the stock of the largest company in the PEX in terms of market capitalization – Palestine Telecommunication PALTEL – stabilized at the level of JD4.55 without any change than its previous weekly closing level, after trading in a relatively narrow range and following transactions worth $0.26 million. Moreover, the stock of the largest investment company by market capitalization – Palestine Development and Investment Company PADICO – closed at the level of $1.50 without any change than its previous weekly closing level and after transactions worth $0.39 million.    


 

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MIC posts net income of $0.56 million in Q1 2020

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SANAD realizes net loss of $0.55 million in Q1 2020

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2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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