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2023-08-10
Sahem weekly trading report (06-10)-08-2023
In this week, the general performance of Palestine Stock Exchange PEX was relatively conservative amid relatively weak trading that lacked any momentum and executing institutional transactions that may raise the trading value in the PEX from time to time. On the other hand, Al-Quds Index closed in the green zone, up by 0.57% than its pervious weekly closing level, and recording 646.88 points after trading in a relatively narrow range. Regarding the blue-chips, most of them witnessed declines in their prices, while some increased slightly compared to the previous week. However, with the approaching end of the legal granted period to the listed companies to disclose their semi-annual financial data disclosures for 2022 on 15/08/2023, the anticipation for the semi-annual financial data continues to be the most dominating factor on the PEX.
On the other hand, the listed companies continued to disclose their H1 2023 financial data. Whereby, the Arab Company for Paints Products APC noted posting net income of JD0.20 million in H1 2023, compared to JD0.39 million in H1 2022. This mainly resulted from a decline in the company’s sales. Based on the disclosed figures, APC posts book value BV of JD3.15 and P/BV of 2.30x. Also, Union Construction & Investment Company UCI noted posting net income of $0.45 million in H1 2023, compared to $0.08 million in H1 2022. This mainly resulted from a significant increase in the revenues from property investment. Based on the disclosed figures, UCI posts book value BV of $1.35 and P/BV of 0.34x. In addition, The Arab Investors Company ARAB disclosed posting net income of JD0.53 million in H1 2023 compared to net income of JD0.02 million in H1 2022. This mainly resulted from recording JD0.50 million profits from real estate investment evaluation. Based on the disclosed figures, ARAB posts book value BV of JD1.47 and P/BV of 0.64x.
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