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Sharp gains for Al-Quds Index amid lack in the selling offers

2015-11-26

Weekly Trading Report [22-26/11/ [2015

 

Al-Quds Index opposed the general situation to achieve sharp gains this week amid lack of the selling offers, to record the highest level since the year 2015 and close at the level of 521.93 points by achieving returns of 4.72% since the beginning of the year, after executing several transactions in Palestine Stock Exchange PEX this week. On the other hand, disappointments dominated the Palestinian Territories after the visit of United States Secretary of the State “John Kerry” for the resumption of the diplomatic talks between the Palestinian and Israeli sides which ended without any results to mention. This ensures, once again, the ability of the PEX to isolate itself from any political changes, especially the negative ones. 

Regarding this week’s trading, the stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- topped the PEX for the second week in row, when its transactions contributed for 24.78% from total trading value after executing two transactions on its stocks in the week. PADICO increased sharply by 8.11%, to close at the level of $1.20. The stock of the largest company by market capitalization- Palestine Telecommunications PALTEL- came in the second place in terms of the highest trading value when its transactions constituted 15.73% from total trading value of the PEX, to close at the level of JD5.62; up by 2.18%. Moreover, the stock of Bank of Palestine BOP- the largest bank by market capitalization- increased by 1.85%, to close at the level of $2.75, after transactions that contributed for 14.67% from the PEX’s total trading value. In the same sector, the trading on the stock of Palestine Commercial Bank PCB was active this week, whereby its transactions contributed for 7.18% from total trading value, to close at the level $0.90; up by 5.88%.

Regarding the substantial news on the companies of the banking and financial services’ sector, the board of directors of Palestine Islamic Bank ISBK held a meeting on 23/11/2015, whereby, approved increasing the paid-up capital by $12.50 million through a secondary subscription in mid 2016, to raise the paid-up capital to $62.50 million. It is worth mentioning that ISBK records P/BV of 1.00x. On another hand, Bank of Palestine BOP signed an agreement with the PEX to implement the tasks of “Custodian “to the investors in the PEX, whereby, the bank obtained the “Custodian” license from Palestine Capital Market Authority since the year 2014

 

 


 

2020-02-27
The PEX records average PE of 13.4x and average P/BV of 1.19x

2020-02-27
AIB proposes distributing 4.18% stocks dividends and 4.70% cash dividends for the year 2019

2020-02-26
GMC proposes distributing 6% cash dividends for the year 2019

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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