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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.

 


 

2020-05-21
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2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

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APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

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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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