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Trading slowness in parallel to the investors’ anticipation for the semi-annual disclosures

2018-07-12

Sahem Weekly Trading Report (08-12)-07-2018

The slowness in trading that started several weeks ago continued in this week, in parallel to the investors’ anticipation for the start of the semi-annual financial data disclosures for the year 2018, leading Al-Quds Index to close at the level of 545.09 points; down by 0.20% than its previous weekly closing level.  On the other hand, a change in the trading pace variety appeared compared to the previous weeks after executing several     transactions on some listed stocks in the insurance sector and other leading stocks; whereby an institutional transaction of 1.32 million shares was executed on the stocks of Ahliea Insurance Company AIG, in addition, several transactions of 0.54 million shares were executed on the stocks of Trust International Insurance Company TRUST, whereas, a transaction of 0.10 million was also executed on the leading stock of the Arab Palestinian Investment Company APIC. While the coming period still drags the attention of followers, especially with the attempts of important stocks in the market to breakthrough new levels despite the absence of significant news this period.

Regarding the price dynamics, the current price of the largest company by market capitalization- Palestine Telecommunications PALTEL- records premium to 52-weeks low of 4.04% and discount to 52-weeks high of 9.69%. 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 4.80%, and discount to 52-weeks high of 20.12%. 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 3.31%, and discount to 52-weeks high of 6.37%. 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 27.78% and discount to 52-weeks high of 0.43%.

On the other hand, the listed companies accelerate to hold their board of directors BOD’s meetings to discuss and approve the semi-annual financial data for disclosure, whereby, Palestine Stock Exchange PEX grants the listed companies a month and a half to disclose their data starting from the 30th of June. In this context, the BOD of Birzeit Pharmaceuticals Company BPC will be holding a meeting on 17/07/2018. In addition, the BOD of Palestine Electric Company PEC will be holding a meeting on 16/07/2018. Moreover, the BOD of the Vegetable Oil Industries Company VOIC will be holding a meeting on 23/07/2018. On the same date, the BOD of Palestine Securities Exchange Company PSE will be holding its meeting. In the same context, the BOD of the National Carton Industry Company NCI will be holding a meeting on 24/07/2018, while, on the same date, the BOD of Union Construction and Investment Company will be holding its meeting. In addition, the BOD of Sanad Construction Resources Company SANAD will be holding a meeting on 25/07/2018.


 

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