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Al-Quds Index on its lowest level in 2014

2014-07-03

Sahem Weekly Trading Report [29/06-03/07]2014

With the entry of Palestine Stock Exchange PEX into the annual routine indolence of Ramadan Month and what follows of weak transactions and easy price declines coinciding with the low investors’ appetite, the severity of some effects accelerated- among their varied weights on traders’ categories- during the week, which are related to the political and security scopes in Palestine. Within the transaction scarcity, Al-Quds Index declined to record its lowest level during the year 2014 at the level of 502.81 points, but closed above it after price rebounds of some blue-chips with heavy weights in the Index coinciding with the declining in selling pressures. Al-Quds Index ended the week in the red zone, with a weekly decline of 0.90% compared to the previous week and 6.74% compared to the end of 2013. Within the private entity of the PEX and the investment environment in general, the anticipation and cautiousness remain an important part of the several investors’ categories decisions, and despite its volume variation, the close observer may probe the dominance of the retention and holding principle by the listed companies’ shareholders especially at the prevailing price levels.

Regarding this week’s trading that didn’t exceed $1.80 million, the PEX didn’t witness any distinguished performance of any of its listed companies’ shares. Moreover, touching new support levels and rebounding from them was the most prominent during the trading sessions. In this context, the share of Palestine Development and Investment Company PADICO – the largest investment company by market capitalization- touched low levels through its transactions that recorded trading value of $0.33 million, while the share rebounded upwards to trade around its last week’s closing within a price range of 4.89%. PADICO declined during the week by 2.67% to close at the level of $1.46. The share of Palestine Telecommunications PALTEL – the largest company by market capitalization – declined by 0.55% to close at the level of JD5.45 after rebounding from its 5.40 level with the decline of the low-volume selling offers in the first sessions, to record trading value of $0.67 million at the end of the week; constituting around 37.26% of the PEX total trading value.

Regarding the other listed companies’ performance, the share of Bank of Palestine BOP- the largest bank by market capitalization- decreased by 1.75% to close at the level of $2.80 after weak transactions worth $0.17 million. On the other hand, trading on Birzeit Pharmaceuticals Company BPC was active at the beginning of the week to hit $0.34 million through executing several transactions on BPC’s shares.  While, the listed companies accelerate in announcing holding their board of directors BOD meetings in the coming weeks to disclose their H1 2014 financial results, whereby, the PEX  grants the listed companies one month and a half to disclose their financial statements for the first 6 months of 2014 starting from the end of June 2014. In this context, Dar Al-Shifa’a for the Manufacturing of Pharmaceuticals PHARMACARE will be holding its BOD meeting on 08/07/2014, moreover Palestine Real Estate Investment Company PRICO will be holding its BOD meeting on 07/07/2014, both the National Insurance Company NIC and Al-Wataniah Towers Company ABRAJ will be holding their BOD meeting on 13/07/2014. Furthermore, Nablus Surgical Center NSC and Jerusalem Real Estate Investments Company JREI will be holding their BOD meeting on 12/07/2014.

 

 

 

 

 


 

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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