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Al-Quds index decreases amid absence of new incentives

2018-10-11

Sahem Weekly Trading Report (07-11)-10-2018

Palestine Stock Market PEX witnessed a relatively slow trading movement this week, whereby, a total of 2.72 million shares traded with a trading value of $3.39 million. After executing a cross transaction on the stock of Palestine Development and Investment Company PADICO and Palestine Investment Bank PIBC that worth 0.30 million stocks. Moreover, the majority agrees on the absence of incentives in the PEX during this period, which dictates inactivity in terms of liquidity and price movements. During this week, Al-Quds Index continued to move without any negative or positive signals that may stimulate a specific trend, and most signals remained neutral awaiting for new and effective incentives, perhaps most notably the financial statements of the first nine months of  2018, in which, will reach their disclosure deadline by the end of October. 

Regarding this week’s trading, the stock of the largest investment company in terms of market capitalization - Palestine Development and Investment Company PADICO – topped the PEX when recorded trading value of $0.67 million, after executing cross transaction on its shares worth 0.30 million shares. However, PADICO’s closed at the level of $1.28; down by 0.78%  than its previous weekly closing level. In the same sector, Arab Palestinian Investment Company APIC closed at the level of $2.29; down by 0.43% than its previous weekly closing level, after trading value of $0.14 million Moreover, in the services sector, the stock of the largest company by market capitalization in the PEX – Palestine Telecommunication PALTEL – recorded trading value of $0.34 million. In turn, PALTEL closed at the level JD4.28; down by 0.70% than its previous weekly closing level. Moreover, in the banking and financial services sector, the stock of the largest bank by market capitalization – Bank of Palestine BOP -, it recorded trading value of $0.21 million, to stabilize at the level of $2.38, without any change than its previous weekly closing level. In the same sector, Palestine Investment Bank PIBC closed at the level of $1.32; up by 1.54% than its previous weekly closing level. When its transactions recorded $0.54 million, after executing cross transaction on its shares.

This week, the listed companies accelerate to set their board of directors BOD’s meetings for the second week in row, to discuss and approve the third quarter financial data disclosures. In this context, the BOD of Beit Jala Pharmaceutical BJP will be holding a meeting on 18/10/2018. In addition the BOD of Palestine Securities Exchange Company PSE will be holding a meeting on 22/10/2018. In the same context, the BOD of the National Insurance Company NIC will be holding a meeting on 24/10/2018. On the same date, the BOD of Al-Wataniah Towers Company ABRAJ will be holding its meeting.


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
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