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Al-Quds Index rebounds upwards in mid-June

2017-06-15

Sahem Weekly Trading Report (11-15)-06-2017

Al-Quds Index rebounded upwards by 0.88% in this week compared to the previous week, to end mid-June and the third week of the holy month Ramadan at the level of 534.39 points. Whereby, the routine trading of the holy month Ramadan which- historically- may increase the trading scarcity and add anticipation factors continues in Palestine Stock Exchange PEX. However, the stock of Palestine Development and Investment Company PADICO- is still leading the index for several weeks due to the increase in its trading activity since holding the general assembly meeting in May 2017 and executing several transactions on its shares since then.

 

Regarding the leading stocks’ trading, the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO-topped the PEX in this week, when its transactions reached $3.72 million due to executing a cross transaction on its shares of 400 thousands stocks. However, the stock increased by 4.62% compared to the previous week after active trading in a relatively wide range, to hit $1.36 at the end of the week. Moreover, the stock of the largest bank by market capitalization- Bank of Palestine BOP- traded in a relatively narrow range, to close at the level of $2.45; up by 0.41% than its previous weekly closing level and after transactions worth $1.05 million. On another hand, the stock of the largest company by market capitalization- Palestine Telecommunication PALTEL- is still trading below its equivalent price, to close at the level of JD4.66; down by 0.43% than its previous closing level and after transactions worth $0.39 million. Furthermore and regarding the leading stock of the Arab Palestinian Investment Company APIC, it increased by 4.12% than its previous closing level and equivalent price, to close at the level of $1.77, through transactions worth $0.79 million, following executing a cross transaction on its shares of 400 thousands stocks.

 

Regarding the other trading in the PEX, activity of trading was witnessed on the stocks of Union Construction and Investment Company UCI for the second week in row, to increase significantly by 30.36% and close at the level of $0.73, after trading in a relatively wide range and through transactions worth $0.58 million. Moreover, trading activity was also witnessed on the stocks of Palestine Real Estate Investment Company PRICO- a subsidiary of PADICO Holding-, to close at the level of JD0.53; noticeably up by 10.42% than its previous closing level and after transactions worth $0.32 million.


 

2017-06-22
Al-Quds Index at its highest level in three years

2017-06-21
Al-fiter holiday announcement

2017-06-19
Delisting the Arab Palestinian Shopping Center BRAVO from the PEX

2017-06-15
Al-Quds Index rebounds upwards in mid-June

2017-06-08
Al-Quds Index in the red zone in the second week of Ramadan

2017-06-01
New anticipations appear with the start of June

 

 

 
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