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Relative quietness in the PEX and Wataniya Mobile becomes "OOREDOO"

2018-11-29

Sahem Weekly Trading Report (25-29)-11-2018

In the last week of November, Al-Quds Index rebounded upwards by 0.14% than its previous weekly closing level, to trade 1.43 million shares that worth $2.07 million. Moreover, trading and price movements were slow this week, and liquidity was trapped around the prevailing trading prices amid rising anticipation for the remaining period of the year. However, regarding the significant news this week, Wataniya Palestine Mobile Telecommunications WATANIYA unified its brand with its parent company Ooredoo Group Corporation, to change its symbol from WATANIYA to OOREDOO Palestine starting from Wednesday 28/11/2018.

Regarding this week’s trading, Arab Palestinian Investment Company APIC stabilized at the level of $2.30; without any change than its previous weekly closing level, when its transactions contributed for 16.98% from PEX’s total trading value. However, the largest company by market capitalization – Palestine Telecommunication PALTEL - to stabilized at the level of JD4.33; without any change than its previous weekly closing level. When its transactions contributed for 11.05% from PEX’s total trading value. Moreover, 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 $2.31; down by 0.86% than its previous weekly closing level, when its transactions contributed for 10.84% from PEX’s total trading value. Also, regarding the stock of the largest investment company by market capitalization – Palestine Development and Investment Company PADICO - it stabilized at the level of $1.28; without any change than its previous weekly closing level. When its transactions contributed for 8.78% from PEX’s total trading value.

 

On the other hand, some of the listed companies continued to schedule their board of directors BOD’s meetings to discuss the estimated budget for 2019. Whereby, the BOD of the Palestine Development & Investment Company PADICO will be holding a meeting on 03/12/2018.  Also, the BOD of National Insurance Company NIC will be holding a meeting on 05/12/2018. In the same context, the BOD of Palestine Industrial Investment Company PIIC will be holding a meeting on 11/12/2018. On the other hand, the BOD of the National Bank TNB held a meeting on 27/11/2018, whereby, discussed the estimated budget for 2019. and in the same context, the BOD of Palestine Islamic bank ISBK  held a meeting on 28/11/2018.


 

2020-09-24
Al-Quds Index below the 440 points level amid scarce liquidity

2020-09-17
Transactions on APIC raise the trading value fiery

2020-09-17
Delisting the stocks of the Arab Real Estate Establishment ARE and Globalcom Telecommunications GCOM from the PEX

2020-09-10
The PEX records average PE of 20.9x in H1 2020

2020-09-03
Al-Quds Index in the green zone amid medium-volume transactions

2020-09-03
PRICO realizes net loss of JD0.73 million in H1 2020

2020-09-03
JCC reports net income of JD0.27 million in H1 2020

2020-09-03
BPC records net income of $3.62 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
PIBC posts net income of $1.21 million in H1 2020

2020-09-03
GMC posts net income of JD0.28 million in H1 2020

2020-09-03
WASSEL realizes net loss of $0.19 million in H1 2020

2020-09-03
AHC realizes net income of JD1.49 million in H1 2020

2020-09-03
JPH posts net income of $1.17 million in H1 2020

2020-09-03
TNB realizes net loss of $0.98 million in H1 2020

 

 

 
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