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Al-Quds Index gains 3.15% in June and reduces its first half losses

2016-06-30

Weekly Trading Report  ]26-30/06 [2016

Al-Quds Index ended its transactions for the first half of 2016 with a 5.43% decline than its annual closing in 2015. Historically, the Index in this period, especially in the second quarter of the year, is affected by decreases in the stocks that distributed dividends and have heavy weights. The decline in the first half of the year approximates the decline recorded in the corresponding period of 2015. Regarding the first six months of this year, the political aspect was not crowded by any influential factors on the price performance of Palestine Stock Exchange PEX. The main and particular factors related to the financial data, strategies and news on the listed companies contributed the most in formulating the prices trend within a variation in the liquidity factors. During the first half of 2016, Al-Quds Index traded in price range of 49 points, whereby, its highest level was reached on February 8th, while, and touched its lowest level in the last trading session of May. The month of June is considered the price rebounding month for some stocks with varying weights in Al-Quds Index, to record a monthly gains of 3.15% and wipe an important part of its losses since the beginning of the year which resulted from the routinely Ex-dividends.

In the last week of June, the institutional transactions dominated the trading value of the PEX. Whereby, the stock of the Arab Hotel Company AHC topped the PEX with transactions that constituted 32.25% from PEX total trading value during the week due to executing an institutional transaction of 4.15 million shares, whereby, the buyer was a company specialized in the hotel and tourism services’ sector, one of Aswaq for Investment Portfolios Company’s investments; the subsidiary of Palestine Investment Fund. The stock of the Arab Palestinian Investment Company APIC followed, after a distinguished performance in terms of liquidity indicators and price movements together since weeks. The trading value of the stock recorded 20.47% from PEX total trading value, to noticeably increase by 4.29% and close at the level of $1.46; recording the highest price level since its listing.

Regarding the heaviest weighted stocks, the transactions of Palestine Development and Investment Company PADICO constituted 14.29% from PEX total trading value, to increase by 3.45% and close at the level of $1.20. Moreover, the transactions of Palestine Telecommunications Company PALTEL constituted 11.88% from PEX total trading value, to close at the level of JD5.03; slightly down by 0.40%. Furthermore, the transactions of Bank of Palestine BOP constituted 5.72% from PEX total trading value, to decrease by 0.79% and close at the level of $2.50. On the other hand and with the beginning of the coming week which coincides with the beginning of July, the legal period granted by the PEX to disclose the semi-annual financial data will start and end mid of August. Thereby, the PEX enters a cautious anticipation phase in the beginning of July within a variation in the listed companies’ profits expectations. While undoubtedly the optimism dominates more given what has been reported within Q1 2016.

 


 

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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