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Cross transactions in the last trading session of the week raise the trading value significantly

2019-11-07

 Sahem Weekly Trading Report (03-07)-11-2019

With the start of November, Al-Quds Index closed in the green zone; recording gains of 0.89% than the previous week, to report 524.11 points. This followed recording significant increases in the prices of some leading stocks with heavy weights in the Index, versus a slight decline in the prices of others with heavier weights after disclosing the listed companies’ financial data performance for 9M 2019, in which reflected Al-Quds Index and its components in varying degrees. Moreover, Palestine Stock Exchange PEX witnessed executing several cross transactions in the last trading session of the week, to raise the trading value in the PEX significantly. Whereby a cross transaction on the stocks of the Vegetable Oil Industries Company VOIC of 1.35 million shares was executed, leading VOIC to top the PEX by 79.59% through recording trading value of $25.66 million. Also, a cross transaction on the stocks of the Golden Wheat Mills Company GMC of 2.06 million shares was executed. In the same context, a cross transaction was executed on the stocks of Palestine Poultry Company AZIZA of 0.13 million shares. Furthermore, a cross transaction of 0.39 million shares on the stocks of Palestine Islamic Bank ISBK was executed. Also, a transaction of 0.05 million shares on the stocks of Palestine Telecommunication Company PALTEL was executed.  

With the end of the granted legal period to disclose the financial data for 9M 2019 with the end of the previous month and week, the leading company with heaviest weight in Al-Quds Index and the largest in the PEX by market capitalization – Palestine Telecommunication PALTEL- disclosed posting net income attributable to the shareholders of the parent company of JD46.14 million in 9M 2019 compared to JD52.20 million a year earlier. This followed a decrease in the company’s sales by 9.54% than the corresponding period a year earlier. Based on the disclosed figures, PALTEL records book value BV of JD3.48 and P/BV of 1.19x. Also, PALTEL records earnings per share EPS of JD0.351 and P/E of 8.85x. However in the market, PALTEL closed at the level of JD4.14; down by 0.96% than its previous weekly closing level after transactions worth $0.61 million.

In the same context, the leading investment company in the PEX by market capitalization- Palestine Development and Investment Company PADICO- noted posting net income attributable to the shareholders of the parent company of $21.16 million in 9M 2019 compared to $14.32 million in 9M 2018. This followed an increase in the company’s revenues significantly by 42.17% compared to the corresponding period. Based on the disclosed figures, PADICO records BV of $1.58 and P/BV of 0.77x. Also, PADICO records EPS of $0.085 and P/E of 10.76x. In the market, PADICO increased significantly by 8.93% than the previous week, to close at the level of $1.22 after trading in a relatively wide range and through transactions worth $0.31 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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