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A slight trading recovery amid the anticipation for semi-annual disclosures

2018-06-28

Sahem Weekly Trading Report (24-28)-06-2018

Palestine Stock Exchange PEX witnessed a slight recovery in its trading this week, which was due to executing several small to medium volume transactions on some of the leading stocks and other stocks in most of the operating sectors in the market except for the services sector. Despite this, Al-Quds Index declined by 1.09% than its previous weekly closing level, to record 540.67 points following a decrease in the prices of the blue-chips with the heaviest weights in the Index versus a stabilization in the prices of the other blue-chips at the current levels since several weeks. According to the expectations, the semi-annual financial data disclosures for the listed companies are the most important anticipation for the investors in the PEX with their different types. Whereby, the long term investors may formulate a very clear vision about their annual return due to these disclosures, while speculators will follow any price wave that results from the financial disclosure.

Regarding the significant economic news and according to the Palestinian Central Bureau of Statistics PCBS, preliminary estimates at constant prices showed an increase of 2.0% in GDP in Palestine during the 1st quarter of 2018 compared to the 1st quarter of 2017, (an increase of 4.8% in the West Bank and a decrease of 6.0% in Gaza Strip compared to the 1st quarter of 2017).  And it showed a decrease of 2.8% in Palestine compared to the 4th quarter of 2017 at constant prices, meanwhile the base year is 2015. GDP for the 1st quarter 2018 at constant prices was $2,564.1 million for the West Bank and $813.5 million for Gaza Strip. On the other hand, GDP per Capita for Palestine at constant prices was $746.2 during the 1st quarter of 2018, it showed a decrease of 0.7% compared to the 1st quarter of 2017. As for the West Bank it was $980.9 at constant prices during the 1st quarter of 2018, it showed an increase by 2.4% during the 1st quarter of 2018 compared to the 1st quarter of 2017, while for Gaza Strip it was $425.3 during the 1st quarter of 2018, and it showed a decrease by 8.9% during the 1st quarter of 2018 compared to the 1st quarter of 2017.

Regarding the listed companies’ significant news, the board of directors of the Arab Palestinian Investment Company APIC discussed, in its meeting on 26/06/2018, the possibility to purchase its partner’s entire stake in Medical Supplies & Services Company MSS, to raise its stake from 50% to 100%. Whereby, the board of directors’ was delegated to take the necessary procedures to complete this deal. It is good to note that MSS is one of the largest and most diversified Palestinian companies in providing medical care products in Palestine, whereby; it distributes medicines, medical and laboratory equipment, surgical products and consumer goods to the private pharmacies and hospitals, non-governmental organizations, the Palestinian Ministry of Health and major retail stores. MSS is also the sole distributor and service provider for an impressive list of major multinational brands.


 

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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