Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Al Quds index declines… and growing anticipation for the medium run

2015-05-28

Weekly Trading Report [24-28/05/ [2015

Within scarce transactions, Al-Quds Index declined again due to the lack of purchasing bids momentum around the levels witnessed by some leading stocks in the previous week. Despite executing some institutional transactions from time to time, the trading in Palestine Stock Exchange has been weak and lacked the price trending for a period of time, parallel to entering expected routine periods due to the financial data disclosure or dividends distribution. On the other hand and within the anticipated sustainable drivers in the PEX, it is expected that the PEX to be upgraded to a frontier market status by FTSE group during the next classification review on September 2015. This comes after meeting the qualities of markets criteria, including: regulatory environment, capital controls, clearing & settlement, and market transparency. This upgrading grants the PEX a momentum and international spread, as these international indices have an importance in terms of attraction to financial institutions and regional and international funds. Whereby, the attention and anticipation are now directed to the Palestinian investment environment, within this step, in order to transfer the PEX from the lack of liquidity and deadlock levels, to other better performance levels. 

Regarding the substantial news in the PEX and parallel to Palestine Monetary Authority PMA’s plan to increase the capital of the banks and enhance their ability to handle losses and achieve sustainable development, the PMA approved increasing the minimum required paid-up capital of the banking sector in Palestine from $50 million to $75 million or what is equivalent in other currencies, by giving the banks three years from the date of instructions issuance. It is worth mentioning that from the 7 listed banks in the PEX; only 2 banks meet the capital requirement. These banks are: Bank of Palestine BOP and the National Bank TNB, while the paid-up capitals of the other banks range between $30 million and $50 million. On the other hand, the PEX announced the listing of the shares of Beit Jala Pharmaceutical Company on the trading session of Tuesday 16/06/2015, in the industry sector in the PEX within the secondary market. According to the company, it’s paid up capital stands at JD5.35 million, while it produces medical products and pharmaceuticals. 

Regarding this week’s trading, the return of Palestine Telecommunications PALTEL’s stock- the heaviest weighted in Al-Quds Index- to trade below the JD5.40, was the main reason to the declining of the Index and its closing in the red zone, side by side to the decrease of the leading stock- Palestine Development and Investment PADICO- due to continuing to trade in ex-dividends. Regarding the liquidity indicators, the transactions of the leading stocks were characterized with weakness, while, executing institutional transaction on the shares of the National bank TNB increased the weekly trading value.

 

 


 

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