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Al-Quds Index rebounds from its lowest level since October 2013

2015-04-02

Sahem Weekly Trading Report (29/03-02/04)-2015

Following the spontaneous price declines of the heaviest weighted stock in Al-Quds Index in the beginning of the week after approving the dividends distribution, the index touched low levels approximating the 470 points, parallel to the variation in traders’ interests during the routine phase of holding the general assembly GA meetings. The declines receding of the leading stock- PALTEL- had the greatest impact to the rebounding of Al-Quds Index from its lowest level since October 2013, to close in the green zone after gains of 2.67%. Moreover, the increases in the other leading stocks with heavy weights, contributed in returning Al-Quds Index and maintaining it without breaking any new support level, whereby if broken, would become a main psychological factor to the investors.

 

During the week, the stock of Palestine Telecommunications Company PALTEL- the largest company in terms of market capitalization- increased by 2.94%, to close at the level of JD5.25 after medium-volume transactions worth $0.56 million. Furthermore, the stock of Palestine Development and Investment Company PADICO- the largest investment company in terms of market capitalization- increased by 0.79%, to close at the level of $1.27 after transactions worth $0.78, leading the stock to top the trading value of Palestine Stock Exchange PEX by 29.66%.  One of the major substantial issues on PADICO’s transactions was the purchasing of the Arab Bank Group- PADICO’s board of directors’ member- shares in the company through several trading sessions in the week. The Arab Bank purchase transactions constituted a supportive factor for the stock’s non-declining from specific levels that are considered important supportive levels. Moreover, the stock of Bank of Palestine BOP- the largest bank in terms of market capitalization- recorded gains of 6.18%, to close at the level of $2.92 after transactions worth $0.46 million. 

 

The stock of the National Bank TNB witnessed active trading this week when recording $0.26 million; increasing by 4.80%, to close at the $1.31 level. On the other hand, the listed companies continue to hold their general assembly GA meetings to approve the board of directors’ recommendations regarding the dividends distribution for the year 2014. The GA of the National Insurance Company NIC approved the BOD recommendation to distribute 15% cash dividends for the shareholders as for 26/03/2015, payable from Sunday 05/04/2015. Then again, the inventors’ anticipation regarding holding the GA meetings of the leading companies that haven’t held them yet, like PADICO and BOP that have proposed dividends distribution, increased, while, the investors’ behavior around the date of dividends entitlements stays on the agenda of specific segments among them.

 


 

2019-02-21
The PEX records average PE of 13.1x and average P/BV of 1.21x

2019-02-18
WASSEL posts net income of $0.04 million at the end of 2018

2019-02-18
AHC realizes net loss of JD1.14 million at the end of 2018

2019-02-18
QUDS records net income of $11.59 million at the end of 2018

2019-02-18
PADICO records net income of $15.57 million at the end of 2018

2019-02-18
PRICO realizes net loss of JD3.96 million at the end of 2018

2019-02-18
JPH posts net income of $6.09 million at the end of 2018

2019-02-17
NIC posts net income of $3.77 million at the end of 2018

2019-02-17
JCC records net income of JD0.01 million at the end of 2018

2019-02-17
BPC posts net income of $7.97 million at the end of 2018

2019-02-17
PSE posts net income of $0.41 million at the end of 2018

2019-02-17
GUI records net income of $3.73 million at the end of 2018

2019-02-17
NCI realizes net loss of $0.08 million at the end of 2018

2019-02-17
PID reports net income of JD0.63 million at the end of 2018

2019-02-17
LADAEN realizes net loss of JD0.08 million at the end of 2018

2019-02-17
PIIC posts net income of JD3.55 million at the end of 2018

2019-02-17
TNB posts net income of $19.25 million at the end of 2018

2019-02-17
ABRAJ records net income of $1.17 million at the end of 2018

2019-02-17
AIB posts net income of $7.10 million at the end of 2018

2019-02-17
PALAQAR records net income of JD0.16 million at the end of 2018

2019-02-17
ISBK records net income of $15.13 million at the end of 2018

2019-02-17
PIBC posts net income of $4.34 million at the end of 2018

2019-02-17
PICO realizes net loss of $1.29 million at the end of 2018

2019-02-17
AZIZA posts net income of JD0.84 million at the end of 2018

2019-02-17
MIC records net income of $2.38 million at the end of 2018

2019-02-17
BOP records net income of $54.11 million at the end of 2018

2019-02-14
NSC posts net income of JD0.18 million at the end of 2018

2019-02-14
TIC posts net income of $2.77 million at the end of 2018

2019-02-14
Al-Quds Index in the green zone amid a momentum in the significant news

2019-02-14
PEC reports net income of $8.79 million at the end of 2018

2019-02-14
RSR posts net income of JD0.35 million at the end of 2018

2019-02-14
JREI realizes net loss of $0.03 million at the end of 2018

2019-02-14
GMC posts net income of JD0.07 million at the end of 2018

2019-02-14
AIG posts net income of $1.91 million at the end of 2018

2019-02-14
NIC proposes distributing 20% cash dividends for the year 2018

2019-02-13
PALTEL posts net income of JD67.09 million at the end of 2018

2019-02-13
TRUST posts net income of $5.88 million at the end of 2018

2019-02-13
BJP records net income of JD0.77 at the end of the 2018

2019-02-13
GUI proposes distributing 10% stocks dividends and 10% cash dividends for the year 2018

2019-02-13
VOIC achieves JD6.54 million net income at the end of 2018

2019-02-12
ARAB posts net income of JD0.56 million at the end of 2018

2019-02-12
ELECTRODE posts net income of JD0.09 million at the end of 2018

2019-02-12
PALTEL recommends distributing 40% cash dividends for the year 2018

2019-02-12
APIC reports net income of $16.04 million at the end of 2018

2019-02-11
NAPCO posts net income of JD0.57 million at the end of Y2018

2019-02-11
UCI records net income of $1.93 million at the end of Y2018

2019-02-10
APC proposes distributing 30% cash dividends for the year 2018

2019-02-10
GUI proposes distributing 10% cash dividends for the year 2018

2019-02-10
PADICO Holding sells part of its stake in Jericho Gate Real Estate Investment Company

2019-02-07
Al-Quds Index increases amid the start of the listed companies’ disclosures for the Y2018

2019-02-07
OOREDOO reports net income of $0.10 million at the end of Y2018

2019-02-06
APC records net income of JD0.50 million at the end of Y2018

 

 

 
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