Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index breaks through new psychological level and gains 2.99% in this week

2017-07-06

Sahem Weekly Trading Report (02-06)-07-2017                                                                                 

Within a week charged with significant active trading and executing several transactions with medium to high volume on the blue-chips and other stocks, Al-Quds Index increased noticeably by 2.99% to breakthrough new psychological level at 560.62 points and records the highest level since the beginning of the year 2017. This came at the beginning of the second half of the current year and after the listed companies had almost approved dividends distribution for the year 2016, along with the receding in the prices decline wave following the dividends entitlement and the start of the spontaneous price correction movement in parallel to creating the general image of the expected yields for the year. On the other hand, the anticipation increases this period to disclose the semi-annual financial data for 2017, which affects the investors’ behavior- with their different categories- in the market during the coming period.

 

The stock of Palestine Development and Investment Company PADICO- the largest investment company by market capitalization- still leads Palestine Stock Exchange PEX for several weeks due to the increase in trading activity and executing several transactions on its stocks in the week, to top the PEX in this week by 60.24% when recorded $10.95 million. However, PADICO increased significantly by 5.56%, to breakthrough new psychological level and close at the level of $1.52 after trading in a relatively wide range. In the banking and financial services sector, the stock of Palestine Islamic Bank ISBK increased by 5.91%, to close at the level of $2.33 after transactions worth $2.70 million that were raised through executing transaction on its stocks of 304 thousand shares. Moreover, the stock of Al-Quds Bank QUDS witnessed fiery increase by 11.11%, to trade in a relatively wide range and close at the level of $1.60 through transactions worth $0.62 million. Regarding the largest bank by market capitalization- Bank of Palestine BOP- it increased by 0.80%, to close at the level of $2.52; below its equivalent price after transactions worth $0.28 million. Regarding the stock of the largest company by market capitalization- Palestine Telecommunications PALTEL- it witnessed transactions worth $0.66 million, to close at the level of JD4.80; up by 1.05% than its previous weekly closing level.

 

Regarding the news of the listed companies, Palestine Insurance Company PICO announced holding an extraordinary general assembly GA meeting on 13/07/2017 in order to discuss the board of directors BOD’s recommendation in March 2017 to distribute 20% stocks dividends for the year 2016 to the shareholders as for 12/07/2017, to raise the paid-up capital from $5.00 million to $6.00 million. It is worth mentioning that the company previously approved the BOD’s recommendation to distribute 40% cash dividends for the year 2016, to record dividends yield of 15.69% based on the price on the entitlement date.

 


 

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403