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Al-Quds Index declines at the end of November

2019-11-28

 Sahem Weekly Trading Report (24-28)-11-2019

Palestine Stock Exchange PEX lacked, in the last trading week of November, scarcity in the significant news and events of the listed companies. However, the status of heavy decline in the liquidity levels, which dominated the trading process for a while continued, leading Al-Quds Index to close at the level of 521.53 points; down by 0.60% than the previous weekly closing level, and by 1.48% than its yearly closing at the end of 2018. In another context, the leading stocks traded in a relatively narrow range, whereby most witnessed a declining in their prices versus a slight increase in the prices of others. On the other hand and with the start of December, the anticipation will increase among investors for the last month of the year in waiting for the final outlook of the financial data disclosures for the year 2019.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, imports increased in September 2019 by 5% compared to August 2019. It also increased by 10% compared to September 2018 and reached $506.4 million. Imports from Israel decreased by 2% in September 2019 compared to August 2019; representing 57% of total imports in September 2019, while, imports from other countries increased by 15% compared to August 2019. On the other hand, exports increased in September 2019 by 10% compared to August 2019. It also increased by 11% compared to September 2018 and reached $90.6 million. Exports to Israel increased in September 2019 by 5% compared to August 2019; representing 88% of total exports in September 2019. At the same time, exports to other countries increased by 80% during the same period compared to August 2019 and reached $10.6 million. While, the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 4% in September 2019 compared to August 2019. It also increased by 10% compared to September 2018 and reached $415.8 million.

On the other hand, some of the listed companies continued to schedule their board of directors BOD’s meetings to discuss and approve the estimated budget for 2020. Whereby, the BOD of Palestine Industrial Investment Company PIIC held a meeting on 21/11/2019. Also, the BOD of Jerusalem Pharmaceuticals Company JPH held a meeting on 25/11/2019. On the other hand, the BOD of Palestine Telecommunication PALTEL will be holding a meeting on 05/12/2019. Also, the BOD of Palestine Securities Exchange Company PSE will be holding a meeting on 09/12/2019. Moreover, the BOD of Palestine Poultry Company AZIZA will be holding a meeting on 14/12/2019. 


 

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Idleness in trading prior to Eid Al-Fitr holiday

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PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

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MIC posts net income of $0.56 million in Q1 2020

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TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

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NAPCO realizes net loss of JD0.29 million in Q1 2020

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APIC posts $5.12 million net income in Q1 2020

 

 

 
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