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The PEX records average PE of 15.03x and average P/BV of 1.08x in H1 2025

2025-08-28

 Sahem weekly trading report (24-28)-08-2025

In this week, and with the approaching end of August, Al-Quds Index traded in a relatively wide range, closing at the level of 553.19 points; down by 2.10% than the previous week. While Palestine Stock Exchange PEX lacked any trading momentum and witnessed absence in executing institutional transactions that may raise the trading value in the PEX from time to time. On the other hand, and with the disclosures’ completion of 45 companies out of 48 listed companies required to disclose their data for H1 2025, the PEX records an average PE ratio of 15.3x and an average P/BV of 1.08x.

Regarding the data of the PEX’s sectors, the banking and financial services’ sector contributed in 30.99% from total disclosed companies’ profits attributable to the parent companies; the largest percentage among all sectors. Whereby, 88% of the companies that disclosed their data in the sector recorded profits in H1 2025. According to the disclosed data, the average PE of the sector records 13.0x, and average P/BV reached 0.82x, the lowest percentage among all sectors. However, the sector’s profits attributable to the parent companies increased by 375.80%. While, Bank of Palestine BOP constitutes the lion’s share of 62.64% from the total achieved profits attributable to parent companies in the sector. In another context, the insurance sector contributed in 4.64% from total disclosed companies’ profits attributable to the parent companies; the lowest contribution among other sectors. Where all of the sector’s companies recorded profits in H1 2025. According to the disclosed data, the insurance sector records an average PE of 18.9x, and an average P/BV of 1.12x.

In the services sector, 67% of the sector’s companies disclosed their H1 2025 financial results; where the services sector contributed by 27.47% from the total disclosed companies among all sectors in the PEX, while three companies couldn’t disclose their data within the granted period. Whereas, 83% of the disclosed companies in the sector recorded profits in H1 2025, while 17% of them realized net losses in H1 2025. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 78.55% from the total sector’s profits attributable to the parent companies, in which increased in total by 20.60% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 16.1x, and average P/BV of 2.34x; the highest among all sectors.

On the other hand, the investment sector’s profits attributable to the parent companies contributed in 19.76% from the total disclosed companies’ profits attributable to the parent companies. While, the investment sector’s profits attributable to the parent companies increased by 65.92% in H1 2025. Where the sector records an average PE of 21.9x, and average P/BV of 0.88x. Regarding the Industry sector, it witnessed an increase in the sector’s profits attributable to the parent companies by 185.20% in H1 2025; constituting 17.15% from total sector’s profits attributable to the parent companies, whereby, Birziet Pharmaceuticals and the Vegetable Oil Industries Company VOIC achieved the highest profits, in which both contributed for 40.43% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 9.8x, and average P/BV of 1.00x.