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High-Volume transactions raise trading value significantly

2023-01-12

 Sahem Weekly Trading Report (08-12)-01-2023

In the second week of the year 2023, Al-Quds Index increased by 0.90% than the previous week, to break through the 640 points barrier and rebounds from, closing at the level of 638.45 points. While Palestine Stock Exchange PEX witnessed significant increase in trading, activity in price movements and a momentum in executing high-volume transactions on the leading stocks and others. Where, a transaction of 2.25 million shares was executed on the stocks of Palestine Development and Investment Company PADICO, in addition, several transaction of 5.66 million shares were executed on the stocks of the National Bank TNB, also, a transaction of 0.15 million shares was executed on the stocks of Palestine Telecommunications PALTEL. On another hand and with this routine period, the listed companies accelerate to announce holding their board of directors meetings to discuss and approve 2022’s financial results in order to disclose their annual profits. Whereby, the anticipation for the annual financial data disclosures remains on top of the investors agendas, in expectation to the yields that may be achieved in form of dividends to compensate any capital losses.

Regarding the significant news, Palestine Monetary Authority PMA announced new instructions to reduce the banking services commissions, beginning from the coming February, while it studies using tools to mitigate the effects of raising interest rates on borrowers. The new instructions include the abolition of a number of commissions on accounts and banking services, and the reduction of the remaining, except for the commission on the shekels deposits only, which will be raised. Where the commission for depositing in shekels will be raised on amounts above NIS100,000 , targeting in particular major traders and distributors of tobacco and fuel, who refuse to deal with electronic payment systems despite completely canceling the commissions on, whether for the merchant or customer. This aims to encourage payment through electronic systems and reducing the shekel surplus crisis, which is affecting individuals, banks and the Palestinian economy in general.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall IPI in Palestine reached 109.64 during November 2022 which indicates a decrease of 4.22% compared to October 2022 (Base Year 2019). IPI for November 2022 decreased due to the decrease in the activities of electricity, gas, steam and air conditioning supply by 11.46% which had a share of 7.38% of the total industry, the activities of mining and quarrying by 7.71% which had a share of 2.89% of the total industry, the activities of manufacturing industry by 3.56% which had a share of 87.89% of the total industry, and the activities of water supply, sewerage, waste management and remediation by 0.36% which had a share of 1.84% of the total industry.


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
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