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PSE in a week… Local and regional reasons behind weak liquidity in the stock market

2008-08-24

Weak liquidity is still dominating PSE transactions, and in spite of the slightly improvement in the trading value last week but it is still below average from the beginning of this year. Trading value reached $3.00 million last week with a growth rate of %14.7 versus the previous week, but it is still below the average daily trading value for the first seven months by %53 ( Approximately $6.4 million). This growth is due to executing an institutional transaction that constituted approximately 4 million shares of PIBC that had valued over $6.00 million. Economists, analysts and brokers regarded the trading value decline that the PSE is vouching from two months to the noticeable decline in liquidity in all Arab markets due to investors" closing positions in order to get vacations. Locally, analysts noted that one of the biggest investment institutions in Palestine is concentrating its portfolio in stocks trading in aboard markets, which attained a severe decline in liquidity in the PSE. Other reason was the intensive campaigns of the working banks to attract deposits by launching great prizes on saving accounts .And added up is the difficult political situation and the continuous internal division without attaining any serious signals of termination. These factors had covered the relatively good results that the listed companies announced for the first half of the current year, where most of the companies were able to raise their income versus the first half of last year.

 

  

 

2017-11-23
Idleness dominates the PEX amid scarce liquidity

2017-11-16
Al-Quds Index in the red zone amid lack of drivers

2017-11-12
Bank of Palestine opens a representative office in Chile

2017-11-09
The PEX records average PE ratio of 12.2x in 9M 2017

2017-11-08
GUI posts net income of $0.80 million in 9M 2017

2017-11-08
AIG reports net income of $1.21 million in 9M 2017

2017-11-02
A decline in Al-Quds Index with the end of the disclosures’ legal period

2017-11-01
RSR records net income of JD0.43 million in 9M 2017

2017-11-01
NSC posts net income of JD0.24 million in 9M 2017

2017-11-01
TIC records net income of $1.79 million in 9M 2017

2017-11-01
PICO reports net income of $2.16 million in 9M 2017

2017-11-01
AQARIYA records net income of JD0.40 million in 9M 2017

2017-11-01
PRICO realizes net loss of JD3.97 million in 9M 2017

2017-11-01
TRUST reports net income of $3.40 million in 9M 2017

2017-11-01
MIC posts income of $1.01 million in 9M 2017

2017-11-01
PADICO posts net income of $11.95 million in 9M 2017

2017-11-01
BOP records net income of $38.54 million in 9M 2017

2017-11-01
WASSEL records net income of $0.02 million in 9M 2017

2017-11-01
AIB reports net income of $5.83 million in 9M 2017

2017-11-01
NIC posts net income of $4.04 million in 9M 2017

2017-11-01
JPH reports net income of $1.91 million in 9M 2017

2017-11-01
JREI realizes net loss of $0.22 million in 9M 2017

2017-11-01
AHC realizes net loss of JD1.10 million in 9M 2017

2017-11-01
ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01
PID posts net income of JD 0.01 million in 9M 2017

 

 

 
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