Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds index stalls amid incentives’ scarcity


Sahem Weekly Trading Report [07-11/12 - [2014

Within price range that exceeded 1.60%, Al-Quds Index traded in a range that was topped by a resistance level that needed a greater liquidity momentum to breakthrough. The price movement was weak for some companies, but the price jumps- even if they weren’t completed- for some companies with heavy weights contributed in trials of repositioning Al-Quds Index at new levels. In aggregate, Al-Quds Index closed with a slight increase than its previous closing, showing some cohesion amid lack of incentives with their several sources. This period witnessed scarcity in the positive political signs on one hand, and being free from the substantial listed companies’ news on another hand. Moreover and undoubtedly that Palestine Stock Exchange PEX entered in the annual routine phase that coincides with margin trading closures opposing to investment position closures with the highest possible accounting valuation; to create a theoretical unstable pricing status. It is worth mentioning the fact of that the PEX stabilized versus the sharp price volatility in the regional Arab Markets witnessed.

 

Within the trading sessions, the wide price range of Al-Quds Index came due to broader price movements than before for the leading stocks. In this context and within medium volume trading, the stock of Palestine Telecommunications PALTEL touched new levels in attempts to break higher resistance level, leading Al-Quds Index to overpass the 490 point and declined back when PALTEL’s stock couldn’t stabilize at higher levels. At the end of the week, PALTEL’s stock closed at the level of JD5.50; slightly down by 0.36%. On another hand, the price range of Palestine Development and Investment Company PADICO expanded during the week, but didn’t succeed to close at a higher touched level; achieve gains of 4.00% when ended the week at the level of $1.30 after medium transactions. On the other hand, the price range of Bank of Palestine BOP was horizontal; closing at the level of $2.78; slightly down by 0.36%. It is worth mentioning that BOP’s stock contributed 81.78% of the PEX’s total trading value due to executing several institutional transactions.

 

In another context, PADICO Holding won The Capital Financial International Institution CFI prize that is issued in London and in which identify individuals and organizations that truly add value to the economy. The magazine noted that choosing PADICO Holding came as a result of its large contribution in the development and investment process in Palestine. Mr. Munib Al-Masri, the chairman of PADICO Holding noted that choosing PADICO for this prize is an important achievement to the company as an investment leader in Palestine over twenty years.


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403