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Anticipation for the last week in the semi-annual disclosure period

2015-08-06

Weekly Trading Report [02-06/08/ [2015

Within the continuation of liquidity scarcity in Palestine Stock Exchange PEX and the increase of indolence in parallel to expecting a momentum in the semi-annual financial data disclosures, Al-Quds Index ranged itself around the prevailing support levels, following the variation in the general direction for the heaviest weighted stocks. However, some institutional or high-volume transactions appear, to raise the trading value from time to time far from the most important and effectible circulation on trading activity. The deadlock in the political horizon and its direct effect on the local economy is one of the clearest reasons for the weak trading in the PEX. The idleness is clear and investors’ conservatism is hard to predict in size and continuity for its relation with general and dominating reasons. Despite this, hope for price revival appears following a healthy trading momentum that is connected to the substantial issues for the listed companies in the PEX. Whereby, the dividends distribution policy is stable and growing for some companies, and dividends yield and market indicators compete strongly with the regional financial markets. This is attributable to the companies’ ability to operate in the hardest conditions while earning continuous profits.

In regard to the slowness in the disclosures and their pace that didn’t exceed the two companies till this moment, the anticipation for the leading companies’ disclosures increases for a number of reasons. Whereby, creating a clearer visions for the annual yield from  dividends constitutes the largest pace, especially that the price change for the heaviest weighted stocks, since the beginning of the year, is negative and will decrease the total return for the investor. Moreover, there are policies adopted by some companies that are on the radar by analysts and medium and long-term investors in order to grab new investment opportunities or monitor attempts for changing the investment positions. Among them, companies’ policies in term of hedging against external factors in their attempt to control net profits and in terms of cost control opposed to operating revenues simulation in some sectors in order to achieve good and progressing profit margins.

Regarding the week’s trading, the price range of Al-Quds Index exceeded five points when some stocks recorded new price levels. In this context and despite its weak transactions and difficulty in filling orders, the stock of Palestine Development and Investment Company PADICO recorded its lowest level during one year, when touched the level of $1.12 during the trading sessions of the week. PADICO ended its trading value that hit $0.15 at the level of $1.14 without change. On the other hand, the stock of Palestine Telecommunications PALTEL recorded, within medium-volume trading that reached $0.54 million, a slight increase by 0.37%, to close at the level of JD5.47. On the other hand, the stock of Bank of Palestine BOP topped the PEX’s trading value when constituted 79.87% after executing an institutional transaction that exceeded the 2 million shares. While BOP closed at the level of $2.60; up by 0.78%.

 

 


 

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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