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High liquidity level raises the market's trading volume this week

2017-07-20

 

Sahem Weekly Trading Report (16-20)-07-2017                                                         

The beginning of this week witnessed very active trading on the listed companies in general and the stock of the  largest investment company by market capitalization- Palestine Development and Investment Company PADICO-in particular. However and with the end of the week, and what has the country witnessed of political developments and the reflections of the situation in Jerusalem caused profit taking which led to the decline of Al-Quds Index by 1.18% than it’s previous weekly closing, to close at the level 559.23 points. At the same time , the anticipation increases among all of the investors’ categories in PEX with the start of the listed companies’ semi-annual financial data disclosures, which is expected to witness a momentum in the coming period coinciding with the approaching end of the legal granted disclosures’ period in mid-August. Whereby, the PEX granted the listed companies a period of one month and a half to disclose their semi-annual financial data.

Regarding this week’s trading, the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- topped the PEX by 49.76%, to close at the level of $1.52; down by 3.18% than the previous weekly closing level and following executing several institutional transactions on its stocks. It is worth mentioning that the BOD changed their meeting date  from 31/07/2017 to 24/07/2017. Moreover, the stock of the largest company by market capitalization- Palestine Telecommunications PALTEL-closed at the level of JD4.71 ; down by 0.42% than the previous weekly closing level, through transactions that contributed 25.70% from PEX total trading value. Also, trading was active on the leading stock of the Arab Palestinian Investment Company APIC, to contribute for 5.31% from PEX total trading value and close at the level of $1.85; up by 1.09% than the previous weekly closing level.

Regarding the significant news, the extraordinary general assembly GA of Palestine Insurance Company PICO approved, in its meeting on 13/07/2017, the board of directors BOD’s recommendation in March to raise the paid-up capital from $5.00 million to $6.00 million through distributing 20% stocks dividends for the year 2016. It is worth mentioning that the company has previously approved distributing 40% cash dividends for the year 2016. Furthermore, the BOD of Al-Takaful Palestinian Insurance Company TIC has discussed and approved, in its meeting on 17/07/2017, raising the company’s paid-up capital from $9.35 million to $10.00 million through a secondary subscription, whereby will be offering 650 thousand shares to the company’s shareholders with price premium and subscription right date that will be determined later.

In this week, the listed companies accelerated to hold their BOD meetings in order to discuss and approve their financial and operational data for the end of June 2017. In this context, the BOD of Palestine Telecommunications Company PALTEL will be holding a meeting on 26/07/2017. In the same date, both the National Insurance Company NIC and Al-Wataniah Towers Company ABRAJ will be holding their BOD meetings. On another hand, the BOD of Trust International Insurance Company TRUST will be holding a meeting on 25/07/2017. Moreover, the BOD of the National Bank TNB will be holding a meeting on 23/07/2017. Regarding Birzeit Pharmaceutical Company BPC, it will be holding its BOD meeting on 24/07/2017.

 


 

2019-02-21
The PEX records average PE of 13.1x and average P/BV of 1.21x

2019-02-18
WASSEL posts net income of $0.04 million at the end of 2018

2019-02-18
AHC realizes net loss of JD1.14 million at the end of 2018

2019-02-18
QUDS records net income of $11.59 million at the end of 2018

2019-02-18
PADICO records net income of $15.57 million at the end of 2018

2019-02-18
PRICO realizes net loss of JD3.96 million at the end of 2018

2019-02-18
JPH posts net income of $6.09 million at the end of 2018

2019-02-17
NIC posts net income of $3.77 million at the end of 2018

2019-02-17
JCC records net income of JD0.01 million at the end of 2018

2019-02-17
BPC posts net income of $7.97 million at the end of 2018

2019-02-17
PSE posts net income of $0.41 million at the end of 2018

2019-02-17
GUI records net income of $3.73 million at the end of 2018

2019-02-17
NCI realizes net loss of $0.08 million at the end of 2018

2019-02-17
PID reports net income of JD0.63 million at the end of 2018

2019-02-17
LADAEN realizes net loss of JD0.08 million at the end of 2018

2019-02-17
PIIC posts net income of JD3.55 million at the end of 2018

2019-02-17
TNB posts net income of $19.25 million at the end of 2018

2019-02-17
ABRAJ records net income of $1.17 million at the end of 2018

2019-02-17
AIB posts net income of $7.10 million at the end of 2018

2019-02-17
PALAQAR records net income of JD0.16 million at the end of 2018

2019-02-17
ISBK records net income of $15.13 million at the end of 2018

2019-02-17
PIBC posts net income of $4.34 million at the end of 2018

2019-02-17
PICO realizes net loss of $1.29 million at the end of 2018

2019-02-17
AZIZA posts net income of JD0.84 million at the end of 2018

2019-02-17
MIC records net income of $2.38 million at the end of 2018

2019-02-17
BOP records net income of $54.11 million at the end of 2018

2019-02-14
NSC posts net income of JD0.18 million at the end of 2018

2019-02-14
TIC posts net income of $2.77 million at the end of 2018

2019-02-14
Al-Quds Index in the green zone amid a momentum in the significant news

2019-02-14
PEC reports net income of $8.79 million at the end of 2018

2019-02-14
RSR posts net income of JD0.35 million at the end of 2018

2019-02-14
JREI realizes net loss of $0.03 million at the end of 2018

2019-02-14
GMC posts net income of JD0.07 million at the end of 2018

2019-02-14
AIG posts net income of $1.91 million at the end of 2018

2019-02-14
NIC proposes distributing 20% cash dividends for the year 2018

2019-02-13
PALTEL posts net income of JD67.09 million at the end of 2018

2019-02-13
TRUST posts net income of $5.88 million at the end of 2018

2019-02-13
BJP records net income of JD0.77 at the end of the 2018

2019-02-13
GUI proposes distributing 10% stocks dividends and 10% cash dividends for the year 2018

2019-02-13
VOIC achieves JD6.54 million net income at the end of 2018

2019-02-12
ARAB posts net income of JD0.56 million at the end of 2018

2019-02-12
ELECTRODE posts net income of JD0.09 million at the end of 2018

2019-02-12
PALTEL recommends distributing 40% cash dividends for the year 2018

2019-02-12
APIC reports net income of $16.04 million at the end of 2018

2019-02-11
NAPCO posts net income of JD0.57 million at the end of Y2018

2019-02-11
UCI records net income of $1.93 million at the end of Y2018

2019-02-10
APC proposes distributing 30% cash dividends for the year 2018

2019-02-10
GUI proposes distributing 10% cash dividends for the year 2018

2019-02-10
PADICO Holding sells part of its stake in Jericho Gate Real Estate Investment Company

2019-02-07
Al-Quds Index increases amid the start of the listed companies’ disclosures for the Y2018

2019-02-07
OOREDOO reports net income of $0.10 million at the end of Y2018

2019-02-06
APC records net income of JD0.50 million at the end of Y2018

 

 

 
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