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Al-Quds index declines by 0.93% in the penultimate week of September

2018-09-20

Sahem Weekly Trading Report (16-20)-09-2018

Al-Quds Index closed this week at the level of 537.22 points; down by 0.93% than its previous weekly closing level, this followed an increase in trading values by 60.62% compared to the previous week, after trading 3.98 million shares that valued at $10.77 million. On the other hand, the general assembly of the Arab Palestinian Investment Company APIC held a meeting on 19/09/2018, whereby, approved acquiring 50% of the Medical Supplies and Services Co. MSS, to become the fully owner of the company. This will happen through a strategic deal to acquire the stake of Mr. Walid Kayyali through a private placement of 7.00 million shares of $2.15 per share. Therefore, this will raise APIC'S paid-up capital from $75 million to $82 million. On the other hand and according to the expectations, the third quarter financial data disclosures for the listed companies are the most important anticipation for the investors in Palestine Stock Market 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.

In another context, the World Bank announced a new report about “Enhancing Job Opportunities for Skilled Women in the Palestinian territories”, which reported that The Palestinian territories suffer from limited job creation with stubbornly high unemployment rate, hitting particularly the youth and women. A striking feature of the labor market is the significantly higher rate of unemployment among skilled women (47%) relative to skilled men (18%), despite entering the labor force in comparable numbers and facing same constraining environment. Furthermore, high-skilled women are more likely to be unemployed than low-skilled women. Moreover, the report mentioned that skilled women make up the bulk of the Palestinian female labor force. If employment barriers are reduced, and women have more access to jobs, the results on welfare and stability in a fragile context will be reflected in better living conditions for the Palestinian households, and for the Palestinian economy.

 

In the market, the stock of the largest company by market capitalization in the PEX – Palestine Telecommunication PALTEL – topped the PEX this week by 47.06% from PEX total trading value. In turn, PALTEL closed at the level JD4.33; down by 0.46% than its previous weekly closing level after executing transaction on its shares. Moreover, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO - closed at the level of $1.30; down by 1.52% than its previous weekly closing level, through transaction that contributed for 7.53% from PEX total trading value, after executing transaction on its shares. However, in the same sector, Arab Palestinian Investment Company APIC stabilized at the level of $2.30; without any change than its previous weekly closing level, through transaction that contributed 0.54% from PEX total trading value. Moreover, in the banking and financial services sector, the stock of the largest bank by market capitalization – Bank of Palestine BOP -, it recorded trading value that contributed for 37.76% from PEX total trading value, to close at the level of $2.54; down by 0.41 % than its previous weekly closing level.


 

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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