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PSE in a week... British Fund completes the purchase of Palestinian shares of five million dollars

2009-06-22
Jafar Sadaqa wrote:

Three factors contributed to the decline in the index of Palestine Stock Exchange last week, first: the completion of the British fund"s purchase of several leading companies shares, and the second: what the media reports on the uncertainty of the Jordanian Telecommunications Regulatory Commission on the integration of ZAIN Jordan in  PALTEL, which reduced the demand on PALTEL and led to decline significantly, and third: selling transactions and closing positions to take profits to benefit from the increase that continued for two weeks. The most important factor, as witnessed in the market over the past three weeks is the active transactions of foreign funds, including British one that allocated 5 million dollars to invest in the Palestinian market, and targeted over the three weeks the leading shares, particularly: Bank of Palestine BOP, and Palestine for Development and Investment PADICO, and with the completion of these purchases over the last week, the two shares and in particular BOP vouched an increase in the offers over demands, leading to a decline in the last sessions of Monday and Tuesday in the last week to the limits down, and continued to decline at the next two sessions but in a lower rate.

 


 

2017-04-25
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2017-04-25
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WATANIYA realizes net loss of $1.12 million in Q1 2017

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TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

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Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

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TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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