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Al-Quds Index loses 5.29% in 9M 2015

2015-10-01

Weekly Trading Report (28/09-01/10)2015

Amid symbolic entitlements of Palestine in front of the world, hope remains voluntary for those who own it and able to challenge the future. And despite the blurry coming steps on the political level, it is worth noting that the investment environment of Palestine Stock Exchange PEX will diminutively be affected by their consequences- especially if being negative in nature. While the PEX enters the last quarter of the year without any expectations for new incentives through it, except for any change in the substantial financial results of the companies in 9M 2015. On the other hand, it is worth mentioning that with the variation of the companies’ results till the mid of the year and their dividends distributions, witnessing news’ momentum on some sectors more than others, and starting to reap the fruits of promoting the PEX on international indices, Al-Quds Index lost 5.29% since the beginning of the year till the end of September.

Regarding this week’s released economic indicators, preliminary estimates at constant prices showed an increase of 2.1% in GDP in Palestine in Q2 2015 compared to Q2 2014, and an increase of 6% compared to the Q1 2015. On the other hand, the World Bank expected that the performance of the Palestinian economy will remain below its potential till implementing a peace agreement. It also noted that it is possible for the Palestinian economy to exceed the assumed expectations, even without a final peace deal, if the in-forced agreements were implemented and the restrictions were lifted.

According to this week’s trading with the four sessions, Al-Quds Index traded in a very narrow range due to movements of the blue-chips in barely effectible price ranges, while the relatively wide movements were limited to the stocks that are not included in the Index. Regarding the liquidity, the trading levels are still recording their lowest levels; restricted to a revival following executing transactions from time to time. During the week, a cross deal was executed on the shares of the National Bank TNB raising its trading value to $0.84 million; dominating the market. Palestine Telecommunications PALTEL – the largest company by market capitalization- decreased by 1.09% when closed at the level JD5.42 after transactions that value at $0.84 million. Bank of Palestine BOP- the largest bank by market capitalization- followed PALTEL in terms of activity when recorded transactions worth of $0.40 million, to close at the level of $2.51; down by 0.79%. The leading stock of Palestine Development and Investment Company PADICO recorded a significant increase of 1.85%, when closed at the level of $1.10. It is worth mentioning that PADICO’s weight in Al-Quds Index decreased to nearly 11% from around 13% at the end of the year 2014 due to a decrease in the market value during 9M 2015. 

 


 

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AIG posts net income of $1.21 million in 2019

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JCC records net income of JD0.14 million in 2019

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RSR posts net income of JD0.31 million in 2019

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NCI reports net income of $0.29 million in 2019

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PRICO realizes net loss of JD4.60 million in 2019

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AHC realizes net loss of JD1.25 million in 2019

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PEC reports net income of $12.45 million in 2019

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LADAEN realizes net loss of JD0.06 million in 2019

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PICO posts net income of $0.48 million in 2019

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2020-02-16
NSC posts net income of JD0.59 million in 2019

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PIIC records net income of JD6.14 million in 2019

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PALTEL posts net income of JD63.97 million in 2019

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BOP records net income of $38.94 million in 2019

2020-02-16
TNB posts net income of $18.12 million in 2019

2020-02-16
NIC records net income of $7.17 million in 2019

2020-02-16
PIBC reports net income of $4.52 million in 2019

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AIB records net income of $9.01 million in 2019

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PADICO posts net income of $25.13 million in 2019

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TRUST posts net income of $4.01 million in 2019

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QUDS posts net income of $11.22 million in 2019

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UCI posts net income of $0.86 million at the end of 2019

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GMC reports net income of JD0.82 million at the end of 2019

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AZIZA posts net income of JD3.94 million at the end of 2019

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ABRAJ records net income of $1.46 million at the end of 2019

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GUI proposes distributing 10% cash dividends for the year 2019

2020-02-06
Al-Quds Index at its highest level since the beginning of the year

2020-02-06
PSE posts net income of $0.60 million at the end of 2019

2020-02-04
BPC proposes distributing 22% cash dividends for the year 2019

2020-02-03
APC records net income of JD0.85 million at the end of 2019

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APC recommends distributing 40% cash dividends for the year 2019

2020-02-03
PALTEL proposes distributing 40% cash dividends for the year 2019

 

 

 
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