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Al-Quds Index increases amid growing anticipation for the year 2022

2021-12-23

 Sahem Weekly Trading Report (19-23)-12-2021

In the penultimate week of the end of the year 2021, Al-Quds Index closed at the level of 603.88 points; slightly up by 0.03% than its previous weekly closing level. While Palestine Stock Exchange PEX witnessed movements between the investment positions, as what happens historically and routinely at the end of each year, in order to affect the investment evaluation. Whereby, two transaction of about 4.00 million shares were executed on the stocks of the largest investment company in the PEX by market capitalization – Palestine Development and Investment Company PADICO-, to constitute the largest stake from the PEX’s total trading value. On another hand, the leading stocks stood still, whereby, some slightly declined than their previous weekly closing levels, and some increased slightly, while, others stabilized without any change than their previous weekly closing level. However, the anticipation grows for the year 2022 for the listed companies’ achieved financial results and dividends distribution announcements- either cash of stocks dividends- and what may follow of boosting in the market capitalization and improving in the market in general.

Regarding the price dynamics, the current price of Palestine Telecommunications Company PALTEL- the largest company by market capitalization and the highest weighted stock in Al-Quds Index- records premium to 52-weeks low of 61.71%, and discount to 52-weeks high of -4.23%. Moreover, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO- records, based on the current price, premium to 52-weeks low of 61.84%, and discount to 52-weeks high of -4.65%. However, regarding the stock of the largest bank by market capitalization- Bank of Palestine BOP-, it records premium to 52-weeks low based on the current price of 34.23%, and discount to 52-weeks high of -6.98%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, reports, based on the current price, premium to 52-weeks low of 18.91% and discount to 52-weeks high of -0.61%.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistic PCBS, exports increased in October, 2021 by 19% compared to September, 2021. It also increased by 34% compared to October, 2020 and reached $132.9 million. Also, imports increased in October, 2021 by 22% compared to September, 2021. It also increased by 36% compared to October, 2020 and reached $624.7 million. While the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 23% in October, 2021 compared to September, 2021. It also increased by 37% compared to October, 2020 and reached $491.8 million.


 

2023-05-25
The PEX records average PE of 12.0x and average P/BV of 1.32x in Q1 2023

2023-05-18
Al-Quds Index stood still with the end of Q1 2023 financial data disclosures’ period

2023-05-17
AQARIYA posts net income of $2.39 million in Q1 2023

2023-05-17
PEC posts net income of $5.27 million in Q1 2023

2023-05-17
PRICO posts net income of JD0.48 million in Q1 2023

2023-05-17
ABRAJ posts net income of $0.06 million in Q1 2023

2023-05-17
PIBC posts net income of $2.13 million in Q1 2023

2023-05-17
LADAEN posts net income of JD0.02 million in Q1 2023

2023-05-17
NCI posts net income of $0.11 million in Q1 2023

2023-05-17
PALTEL posts net income of JD11.31 million in Q1 2023

2023-05-17
AHC realizes net loss of JD0.41 million in Q1 2023

2023-05-17
WASSEL posts net income of $0.38 million in Q1 2023

2023-05-17
GMC posts net income of JD0.11 million in Q1 2023

2023-05-17
BOP posts net income of $20.59 million in Q1 2023

2023-05-17
JCC posts net income of JD0.93 million in Q1 2023

2023-05-17
JREI posts net income of $0.02 million in Q1 2023

2023-05-16
The share of Ibn Sina Specialized Hospital closes at $1.31 in its first trading session

2023-05-16
AIB posts net income of $4.11 million in Q1 2023

2023-05-16
PADICO posts net income of $8.90 million in Q1 2023

2023-05-16
APIC posts net income of $5.10 million in Q1 2023

2023-05-16
QUDS posts net income of $5.23 million in Q1 2023

2023-05-16
NAPCO realizes net loss of JD0.37 million in Q1 2023

2023-05-16
BPC posts net income of $1.79 million in Q1 2023

2023-05-16
VOIC posts net income of JD1.56 million in Q1 2023

2023-05-16
ISBK posts net income of $4.37 million in Q1 2023

2023-05-16
SANAD posts net income of $0.49 million in Q1 2023

2023-05-16
JPH posts net income of $1.50 million in Q1 2023

2023-05-16
PID posts net income of JD0.05 million in Q1 2023

2023-05-16
PIIC posts net income of JD1.79 million in Q1 2023

2023-05-14
ARAB posts net income of JD0.03 million in Q1 2023

2023-05-14
AZIZA posts net income of JD1.03 million in Q1 2023

2023-05-14
TNB posts net income of $3.81 million in Q1 2023

2023-05-14
APC posts net income of JD0.12 million in Q1 2023

2023-05-14
BJP posts net income of JD0.40 million in Q1 2023

2023-05-11
Scarce trading and a momentum in the significant news

2023-05-11
VOIC approves distributing 50% cash dividends for the year 2022

2023-05-11
NCI approves distributing 10% cash dividends for the year 2022

2023-05-11
NSC posts net income of JD0.51 million in Q1 2023

2023-05-11
UCI posts net income of $0.24 million in Q1 2023

2023-05-10
Listing ISH on the PEX on Tuesday 16/05/2023

2023-05-09
RSR posts net income of JD0.06 million in Q1 2023

2023-05-09
PSE posts net income of $0.27 million in Q1 2023

2023-05-09
PIBC approves distributing 5% cash dividends for the year 2022

2023-05-09
BJP approves distributing 10% cash dividends for the year 2022

2023-05-09
APIC approves distributing 9.50% cash dividends and 4.46% stocks dividends for the year 2022

2023-05-07
AZIZA approves distributing 18% cash dividends for the year 2022

2023-05-07
PSE approves distributing 10% cash dividends for the year 2022

2023-05-04
Al-Quds Index in the green zone amid high-volume trading

2023-05-04
TNB approves distributing 5% cash dividends for the year 2022

2023-05-02
OOREDOO posts net income of $4.29 million in Q1 2023

 

 

 
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