Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index in the green zone amid the start of 9M 2020 financial data disclosures

2020-10-15

 Sahem Weekly Trading Report (11-15)-10-2020

In mid-October, executing a transaction of 1.00 million shares on the largest investment company in Palestine Stock Exchange PEX in terms of market capitalization- Palestine Development and Investment Company PADICO- raised the trading value in the PEX, but it is still weak. On another hand, most of the blue-chips in the PEX are still trading in a narrow price range, without any defined price trend. Some may attribute it to losing the current investment appetite especially with the prevailing liquidity levels. This also can be explained by the quiet accumulation or building investment positons prior to disclosing the 9M financial data of 2020. Where in this week, the financial and operating performance disclosures of the listed companies for the first 9M 2020 started, especially with approaching the end of the granted legal period that ends with the end of this month October. However, with the variation of the listed companies’ performance, Al-Quds Index increased by 0.30% than its previous weekly closing level, to record 436.04 points.

Regarding the PEX’s listed companies financial data disclosures for the first nine months of 2020, the Arab Company for Paints Products APC was the first to disclose its data, noting posting net income of JD0.49 million in the first nine months of 2020, compared to net income of JD0.67 million in the corresponding period a year earlier. This mainly followed a decline in the company’s net sales. Based on the disclosed figures, APC records book value BV of JD3.01, and P/BV of 1.99x. It also records earnings per share EPS of JD0.33 and PE ratio of 13.64x.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Consumer Price Index CPI for Palestine during September 2020 recorded a sharp increase of 1.26% compared with August 2020 (by 1.57% in Gaza Strip, by 1.32% in the West Bank, and by 0.44% in Jerusalem).  The increase in the Palestinian CPI for September 2020 were traced back to the growth in prices of the following expenditure sub groups compared with previous month: fresh vegetables by 19.65%, dried vegetables by 14.03%, fresh chicken by 9.89% and eggs by 6.96%, versus, a decline in the prices of fresh fruit by 2.17%. On the other hand, the Palestinian CPI during September 2020 decreased by 1.52% compared with September 2019 (by 1.63% in the West Bank, by 1.24% in Gaza Strip, while it slightly increased by 0.08% in Jerusalem).


 

2021-04-12
NAPCO proposes distributing 9.38% stocks dividends for the year 2020

2021-04-12
TIC approves distributing 15% cash dividends for the year 2020

2021-04-08
QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

2021-04-08
TRUST approves distributing 10% cash dividends for the year 2020

2021-04-08
Relative Calmness in the PEX and a momentum in holding the general assembly meetings

2021-04-08
NCI proposes distributing 10% cash dividends for the year 2020

2021-04-08
PEC approves distributing 10% cash dividends for the year 2020

2021-04-04
NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-04-01
APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

2021-04-01
Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

2021-04-01
BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013