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A transaction on the stocks of BOP raises the trading value to the relatively high level

2019-07-04

 Sahem Weekly Trading Report (30-06)-(04-07)-2019

In the first week of July, executing a cross institutional transaction of 4.56 million shares on the stocks of the largest bank in Palestine Stock Exchange PEX in terms of market capitalization- Bank of Palestine BOP-raised the trading in the PEX to the relatively high level. While Al-Quds Index is still trading at its lowest levels in this year, closing at the level of 522.83 points; up by 0.13% than its previous weekly closing level. Regarding the regular trading in the PEX, it continued the pace of the previous weeks, confiding in narrow prices range amid a relative constantly in the liquidity levels that were scare for a long period of time despite executing institutional transactions from time to time on selected shares. On the other hand, the anticipation increases this period to disclose the semi-annual financial data for 2019, which affects the investors’ behavior in the market during the coming period.

On the other hand and according to the Palestinian Central Bureau of Statistics, preliminary estimates at constant prices showed a decrease of 2.5% in Palestine during the 1st quarter of 2019 compared to the 4th quarter of 2018 at constant prices, mainly in agriculture and fishing, mining and manufacturing and electricity and water, wholesale and retail trade and repair of motor vehicles and motorcycles, construction.  On the other hand, it showed an increase of 3.8% in GDP in Palestine during the 1st quarter of 2019 compared to the 1st quarter of 2018 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 1st quarter of 2019 at constant prices was $2,800 million for the West Bank and $705 million for Gaza Strip. On the other hand, GDP per Capita for Palestine at constant prices was $755 during the 1st quarter of 2019, it showed a decrease of 3% compared to the 4th quarter of 2018. As for the West Bank, it was $1,048 at constant prices during the 1st quarter of 2019, it showed a decrease by 3.4% during the 1st quarter of 2019 compared to the 4th quarter of 2018, while for Gaza Strip it was $358 during the 1st quarter of 2019, and it showed a decrease by 1% during the 1st quarter of 2019 compared to the 4th quarter of 2018.

Regarding the leading stocks with heaviest weights in Al-Quds Index, some stocks witnessed a declining it their prices this week, while others witnessed a stabilizing in their prices compared to the previous week. Whereby, the stock of Bank of Palestine BOP- the largest bank in the PEX by market capitalization- topped the PEX in this week by 0.79% following executing cross institutional transaction on its shares, to close at the level of $2.02; down by 0.49% than its previous weekly closing level. It is good to note that BOP is till trading below its equivalent price after approving distributing cash and stocks dividends for the year 2018. On another hand, the stock of the largest company in the PEX by market capitalization- Palestine Telecommunication Company PALTEL- recorded a stabilization in its price without any change than the previous week, to close at the level of JD4.19 after transactions worth $0.51 million. In contrary, the stock of the largest investment company in the PEX by market capitalization- Palestine Development and Investment Company PADICO- decreased by 0.77% than its previous weekly closing level, to record $1.29 through transactions worth $0.14 million. 


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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