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2018-11-14
Sahem Weekly Trading Report (11-14)-11-2018
In this week with four trading sessions, Al-Quds Index closed this week at the level 529.6 points; down by 0.47% than its previous weekly closing level. This followed slow price movements, amid lack of positive significant news on the listed companies and the bourse in general. In terms of liquidity indicators, it was characterized with relative weakness and scarcity coinciding with the receding in investment incentives. Moreover, Palestine Stock Exchange PEX enters in dampened price status that is inclined to decline, in waiting for positive factors that are to activate the rebounding attempts. Moreover, regarding the economic indicator and according to the Palestinian central bureau of statistics PCBS, The overall Consumer Price Index CPI for Palestine during October 2018 increased by 0.37% compared with September 2018 (by 0.39% in Gaza Strip, by 0.25% in Jerusalem, and by 0.17% in the West Bank).
Regarding this week’s trading, Jerusalem Pharmaceutical Company JPH topped the PEX when its transactions recorded $0.31 million, after executing several transactions on its stock during the week, to close at the level $3.05; down by 0.97% than its previous weekly closing level. Following by the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL –, it stabilized at the level of JD4.34, without any change than its previous weekly closing level. when its transactions recorded $0.26 million. Moreover, regarding the stock of the largest investment company by market capitalization – Palestine Development and Investment Company PADICO – closed at the level of $1.30; up by 0.78% than its previous weekly closing level. through transactions worth $0.04 million. In the banking and financial services sector, the stock of the largest bank by market capitalization – Bank of Palestine BOP – closed at the level of $2.34; down by 0.43% than its previous weekly closing level. When its transactions worth $0.02 million. And in the same sector, Al Quds Bank QUDS closed at the level of $1.80; up by 4.65% than its previous weekly closing level through transactions worth $0.12 million.
In another context, some companies determined dates for holding their board of directors BOD meeting in the coming period. One of the mentioned ones is Arab Company for Paints Products APC, whereby, will be holding a meeting on 22/11/2018. And in the same date, Palestine Real Estate Investment Company PRICO will be holding its BOD meeting, to discuss the budget for the year 2019 and business plan. Also, the BOD of Union Construction And Investment UCI held its meeting on 14/11/2018, and in the same date, the BOD Of Ahliea Insurance Group AIG held a meeting.
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