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Gulf portfolios continue targeting PALTEL share, and Al-Quds index earns 11.26 points.


Al-Quds index earned yesterday in the beginning of this week by 11.26 points, through intensive transactions that exceeded $12 million, intensified by massive demands by outsider portfolios on PALTEL share. Al-Quds index closed at the level of 690.20 points versus 678.94 at the of the previous session increasing by %1.66. Outsider investment portfolios kept targeting the PALTEL after the board of directors" statements that assured that there are negotiations regarding selling a portion in PALTEL to potential Arab strategic partners. PALTEL constituted %68.90 from PSE aggregate trading value through trading value of $8.40, it closed at the level of 7.55 JD increasing by %2.72 despite what is costumed of the share"s price decline after the general assembly approval for profit distribution. The general assembly approved distributing %25 as cash dividends. A financial broker stated " there are huge bids on PALTEL from outsider investment portfolios which are gulf portfolios, and the statement that had been published yesterday may contributed in this"  


Relative quietness in the PEX with the increasing anticipation for the annual disclosures

WATANIYA discusses raising its paid-up capital to $293 million

The PEX opens the year 2018 in optimism

The PEX modifies AL-Quds Index composition for the year 2018



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