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Al-Quds Index ends May with gains and new anticipations appear


Sahem Weekly Trading Report (27-31)-05-2018

Unlike previous weeks, Al-Quds Index ended May in the green zone; up by 0.17% than its previous weekly closing level, to record 542.19 points. This followed an increase in the prices of some leading stocks with the heaviest weights in the Index and a stability of the prices of others, whereby executing several transactions of 0.56 million shares on the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- in the last trading session of the week, raised the trading value of this week, which is still characterized with extreme weakness, to top the PEX by 22.26%. However, with the start of June, Palestine Stock Exchange PEX witnesses new anticipations towards the semi-annual financial data disclosures of this year, especially with the distinguished data disclosures for Q1 2018, leading the observer to at least predict a stability in the annual yield.

Regarding the listed companies’ significant news for this week, the Arab Palestinian Investment Company APIC announced that its subsidiary - Siniora Food Industries Company- has fully acquired Diamond Meat Processing LLC (ALMASA Factory) in Dubai, U.A.E by fully purchasing the 30% stake of its partner “Emerging Investment Partners EIP” in the factory, through a transaction worth $6.14 million. Whereby, Siniora’s stake becomes 100% in ALMASA factory. It is worth mentioning that Siniora acquired 70% of the ALMASA’s capital in the year 2016 through a transaction worth $12 million. Moreover, in the market, APIC’s stock closed at the level of $2.15; up by 1.42% than its previous weekly closing level and through transactions worth $0.19 million. It is good to note that APIC’s stock recently trades above its equivalent price after the dividends distribution by 5.91%.

And regarding the statistics of the Palestinian Central Bureau of Statistics PCBS for Labor Force Survey Results for the first quarter of 2018, the labor force participation rate of individuals aged 15 years and above in Palestine was 45.4%, with a number of 1.34 million individuals in the first quarter of 2018 (0.82 million individuals in the West Bank and 0.52 million individuals in Gaza Strip). On the other hand, the unemployment rate among labor force participants was 30.2%. While the number of unemployed individuals, using the International Labor Organization ILO standards, reached 0.40 million individuals (0.26 million individuals in Gaza Strip and 0.15 million individuals in the West Bank), whereby the highest unemployment rate was 49.6% among youth aged 20-24 years. Regarding the gender, 25.0% males were unemployed compared to 48.9% females. However, as for the unemployment rate for years of schooling, the highest unemployment rate was among females with 13 years of schooling and more with a percentage of 52.2% in Q1 2018.


JPH posts net income of $5.42 million in 9M 2023

VOIC records net income of JD6.61 million in 9M 2023



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