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Al-Quds index above the 500 pts and the market records an average PE of 11.4x

2015-11-05

Weekly Trading Report [01-05/11 [2015

 

Within a distinguished price performance for some blue-chips, Al-Quds Index achieved gains of 1.81% during the week, to surpass the 500 points level which has been abandoned since mid of March 2015. In terms of the week’s trading, the increases in the stocks of Palestine Development and Investment Company PADICO along with Palestine Telecommunications Company PALTEL mainly impacted the widening in Al-Quds Index’s price range, which both weigh around 50% in Al-Quds Index. As for liquidity indicators, the market has not witnessed any significant change in the turnover averages, while there is no doubt that the absence of selling offers on some stocks led clearly to achieve high prices with the surpassing of the purchasing bids following disclosing the financial data of the companies. On the other hand and with the disclosures’ completion of 47 out of 49 listed companies, Palestine Stock Exchange PEX records an average PE ratio of 11.40x and an average P/BV of 1.11x.

Following the data of the PEX’s sectors, all of the listed companies in the banking and financial services’ sector achieved profits in the first nine months of the year 2015, whereby all banks recorded growth in profits except for one other company that reported a decrease in profits. The sector’s profits contributed for 29.40% from the total disclosed companies’ profits attributable to the parent company. According to the data, the average PE of the sector records 11.10x and average P/BV hit 1.23x. These figures came after an increase in profits by 22.78% following recording sharp growths for most banks. On the other hand, Bank of Palestine BOP records the lion’s share of 56% from total achieved profits in the banking and financial services’ sector.

On the other hand, the industry sector records the lowest average PE ratio of 10.07x among the other sectors. This follows the significant increase in the sector’s constituents’ profits by 30.46% and the relatively low market capitalization which was reflected also in the average P/BV of 1.04x. The profits of the sector contributed for 10.18% from the total disclosed companies’ profits. Birzeit Pharmaceuticals Company BPC and the Vegetable Oil Industries Company VOIC achieved the highest profits, whereby both constituted 55.59% from total profits. In the investment sector, it records an average PE ratio of 11.43x and an average P/BV of 0.63x; to report the lowest average P/BV among all sectors. The investment sector’s profits contributed for 15.12% from total profits of the disclosed companies. Whereby the increase came mainly from the recorded profits of Palestine Development and Investment Company PADICO, which in turn covered the highest losses of some companies compared to the corresponding period a year earlier, leading the sector to record 16.73% increase in profits.

In the services sector, most listed companies realized losses in the period, while the total profits of the other companies compensated and led the sector to contribute for 43.55% from the total profits reported by the disclosed companies, which is the highest percentage. This came due to the recorded profits by Palestine Telecommunications Company PALTEL, which side by side to the other two listed companies that achieved profits contributes for 113.74% from the sector’s profits, whereby the other companies constituted a declining factor to profits. The sector records an average PE ratio of 11.58x and an average P/BV of 1.40x. However in the insurance sector, two companies out of seven listed weren’t able to disclose their data within the giving legal period for disclosures. According to the data, the sector records an average PE ratio of 22.30x and an average P/BV of 1.30x.

 


 

2020-02-20
Al-Quds Index trades in a wide range amid distinguished financial disclosures

2020-02-19
JPH proposes distributing 10% cash dividends for the year 2019

2020-02-17
MIC reports net income of $1.56 million in 2019

2020-02-17
OOREDOO posts net income of $1.12 million in 2019

2020-02-17
GUI reports net income of $1.57 million in 2019

2020-02-17
BPC posts net income of $9.52 million in 2019

2020-02-17
PID realizes net loss of JD0.28 million in 2019

2020-02-17
JPH posts net income of $5.01 million in 2019

2020-02-17
AIG posts net income of $1.21 million in 2019

2020-02-17
JCC records net income of JD0.14 million in 2019

2020-02-16
ISBK posts net income of $14.52 million in 2019

2020-02-16
TIC posts net income of $2.10 million in 2019

2020-02-16
ELECTRODE records net income of JD0.007 million in 2019

2020-02-16
RSR posts net income of JD0.31 million in 2019

2020-02-16
NCI reports net income of $0.29 million in 2019

2020-02-16
PRICO realizes net loss of JD4.60 million in 2019

2020-02-16
WASSEL posts net income of $0.26 million in 2019

2020-02-16
AHC realizes net loss of JD1.25 million in 2019

2020-02-16
PEC reports net income of $12.45 million in 2019

2020-02-16
LADAEN realizes net loss of JD0.06 million in 2019

2020-02-16
PICO posts net income of $0.48 million in 2019

2020-02-16
JREI realizes net loss of $0.28 million in 2019

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

2020-02-16
PIIC records net income of JD6.14 million in 2019

2020-02-16
PALTEL posts net income of JD63.97 million in 2019

2020-02-16
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

2020-02-16
AIB records net income of $9.01 million in 2019

2020-02-16
PADICO posts net income of $25.13 million in 2019

2020-02-16
TRUST posts net income of $4.01 million in 2019

2020-02-16
QUDS posts net income of $11.22 million in 2019

2020-02-13
Al-Quds Index at a new psychological barrier that has abandoned since August 2019

2020-02-13
UCI posts net income of $0.86 million at the end of 2019

2020-02-13
GMC reports net income of JD0.82 million at the end of 2019

2020-02-13
AZIZA posts net income of JD3.94 million at the end of 2019

2020-02-12
ABRAJ records net income of $1.46 million at the end of 2019

2020-02-12
BJP posts net income of JD1.37 million at the end of 2019

2020-02-12
VOIC posts net income of JD6.70 million at the end of 2019

2020-02-11
NIC proposes distributing 22.5% cash dividends for the year 2019

2020-02-09
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

2020-02-03
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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