Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Relative quietness in the PEX with the increasing anticipation for the annual disclosures

2018-01-11

 Sahem Weekly Trading Report (08-11)-01-2018                                                                        

The trading sessions of the second week of 2018 were not characterized with any quality, whereby, the routine movements with their price effects receded in Palestine Stock Exchange PEX this week and the conservatism controlled the investors’ behavior coinciding with the routinely anticipation for the listed companies’ annual financial data and what will devolve in their financial decisions accordingly. Moreover, Al-Quds Index closed at the level of 578.10 points this week; up by 0.59% than its previous weekly closing level. Regarding the liquidity indicators, it was slow with entering the routine season of moving between the listed companies’ stocks- especially the blue-chips based on the return on investment estimations. However, with the entry of the year 2018, the routine cycle starts in the stock market, which with its sequences stages; the price impact varies with the variation in traders’ behaviors. The fiscal year ends and the annual financial disclosures start, then the dividends’ distribution decisions’ announcements follow, then the entitlements come next, and finally measuring the return on investment. This comes with efficient price reflections and well-expected routine cycles if other factors remain constant.

Regarding the price dynamics, the current price of Palestine Telecommunications Company PALTEL- the largest company by market capitalization and the highest weighted stock in Al-Quds Index- records premium to 52-weeks low of 3.14%, and discount to 52-weeks high of 11.37%. Moreover, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO- records, based on the current price, premium to 52-weeks low of 43.56%, and discount to 52-weeks high of 11.59%. However, regarding the stock of the largest bank by market capitalization- Bank of Palestine BOP-, it records premium to 52-weeks low based on the current price of 9.17%, and discount to 52-weeks high of 8.07%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, reports, based on the current price, premium to 52-weeks low of 26.54% and the same discount to 52-weeks high without any percentage change.

Regarding the significant news this week, the general assembly GA of Wataniya Palestine Mobile Telecommunications WATANIYA will be holding an extraordinary meeting on 23/01/2018, whereby, will discuss raising the paid-up capital from $258.00 million to $293.00 million through offering $35.00 million shares for secondary subscription to the company’s shareholders each according to his contribution as for the extraordinary general assembly meeting date. Moreover in the market, WATANIYA’s stock achieved gains this week by 2.70% than its previous weekly closing level, to record $1.14 after transactions worth $0.39 million.

 


 

2021-04-22
Al-Quds Index increases on distributed stocks’ trading above equivalent prices

2021-04-15
Al-Quds Index in the green zone with the routine of Ramadan month’s entry

2021-04-14
GUI approves distributing 5% stocks dividends and 10% cash dividends for the year 2020

2021-04-13
JPH proposes distributing 8% cash dividends for the year 2020

2021-04-12
NAPCO proposes distributing 9.38% stocks dividends for the year 2020

2021-04-12
TIC approves distributing 15% cash dividends for the year 2020

2021-04-08
QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

2021-04-08
TRUST approves distributing 10% cash dividends for the year 2020

2021-04-08
Relative Calmness in the PEX and a momentum in holding the general assembly meetings

2021-04-08
NCI proposes distributing 10% cash dividends for the year 2020

2021-04-08
PEC approves distributing 10% cash dividends for the year 2020

2021-04-04
NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-04-01
APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

2021-04-01
Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

2021-04-01
BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020

 

 

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