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Weak transactions and general anticipation with the approaching year end

2019-12-12

Sahem Weekly Trading Report (08-12)-12-2019

This week witnessed slight fluctuation in the prices of the listed companies, to end it with a relatively stabilization in the prices of most blue-chips with the heaviest weights in the market. While despite executing a transaction on the stocks of Al-Quds Bank QUDS of 0.06 million shares, but the trading value was weak. On the other hand, Al-Quds Index declined by 0.24% than the previous week, to close at the level of 525.56 level. Moreover, within the end of 2019, increasing anticipations among all categories of investors and observers for the upcoming last trading sessions of the year appear with cautious moves towards the year 2020 after emphasizing the positive vision of the PEX and its development on an annual basis, in line with its distinguished entity and ability to isolate itself by itself from any political and economic developments.

Regarding the leading stocks, the stock of the largest investment company in terms of market capitalization – Palestine Development and Investment PADICO- declined by 0.85% than its previous weekly level, to record $1.17. This followed trading in a relatively narrow range and through transactions worth $0.16 million. Moreover, the stock of the largest company in the PEX in terms of market capitalization – Palestine Telecommunication PALTEL- declined by 0.48% than its previous weekly closing, to record JD4.14 after trading in a relatively narrow range as well and through transactions worth $0.36 million. Also the stock of the largest bank by market capitalization- Bank of Palestine BOP- stabilized without any change at its previous weekly closing level at $2.00 after transactions worth $0.14 million. Regarding the leading stock of the Arab Palestinian Investment Company APIC, it increased noticeably by 2.88% than its previous weekly closing, to record $2.50 after trading in a relatively wide range and through transactions worth $0.86 million.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Consumer Price Index CPI for Palestine during November 2019 decreased by 0.31% compared with October 2019 (by 0.37% in Gaza Strip, by 0.32% in the West Bank, and by 0.17% in Jerusalem). On the other hand, the Palestinian CPI during November 2019 increased by 1.64% compared with November 2018 (by 2.05% in the West Bank and by 1.34% in Jerusalem, while it decreased by 0.33% in Gaza Strip). The changes in the Palestinian CPI for November 2019 were traced back to the decrease in the prices of the following expenditure sub groups compared with previous month: fresh vegetables by 7.32%, potatoes and other tubers by 6.85%, vegetable oil by 2.81%, fresh chicken by 2.46%, gas by 2.37%, and fish (live, fresh, chilled or frozen) by 1.38% versus an increase in the prices of eggs by 6.95%, dried vegetables by 4.39% and fresh fruit by 3.76%.


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
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

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
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

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

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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