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Al-Quds index in the red zone in conjunction with an increase in the financial disclosures’ anticipation

2018-09-27

Sahem Weekly Trading Report (23-27)-09-2018

Al-Quds Index continued its decline for the second week respectively, whereby, it closed at its lowest closing since June 2017 at the level of 532.15 points; down by 0.94% than its previous weekly closing level. After trading 1.80 million shares that worth $2.94 million. While the liquidity index of leading stocks and overall market was characterized by weakness, that may be due to enhance in the reservation among investors ahead of the financial disclosure for the first nine months of 2018, which will enter into the legal period, starting from the beginning of October. In terms of investors' expectations, varied degrees of optimism and pessimism about the financial results of listed companies for the period. Moreover, regarding the board of directors meetings, the BOD of Palestine Poultry Company AZIZA will be holding a meeting on 13/10/2018, whereby, will discuss the financial results as for 30/09/2018. In the same context, the BOD of Sanad Construction Resources SANAD will be holding a meeting on 03/10/2018, whereby, will discuss the financial results as for 31/08/2018. Moreover, the BOD of Wataniya Palestine Mobile Telecommunications WATANIYA will be holding a meeting on 01/10/2018.

Regarding this week’s trading, the stock of the largest investment company in terms of market capitalization - Palestine Development and Investment Company PADICO – topped the PEX when recorded trading value of $0.87 million, after executing institutional transaction on its shares worth 0.32 million shares. However, PADICO’s stabilized at the level of $1.30, without any change than its previous weekly closing level. 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, after trading value of $0.08 million Moreover, in the services sector, the stock of the largest company by market capitalization in the PEX – Palestine Telecommunication PALTEL – recorded trading value of $0.66 million. In turn, PALTEL stabilized at the level JD4.30, without any change than its previous weekly closing level. 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 of $0.24 million, to close at the level of $2.40; down by 2.04% than its previous weekly closing level.

Regarding the significant economic news and according to the Palestinian Central Bureau of Statistics PCBS and the Palestine Monetary Authority PMA, the primary results of the International Investment Position IIP (external assets – foreign liabilities) for Palestine at the end of second quarter 2018 revealed that the net IIP amounted to about USD 1,492 million, which means that the Palestinian economy’s investments outside Palestine outweighs investments in Palestine from abroad. The resident cash deposits in foreign banks and foreign exchange in the Palestinian economy accounted for the bulk of the external assets, constituting 59.7% of the total value of external assets. In addition, the preliminary estimates at constant prices showed a decrease of 1.3% in Gross Domestic Product GDP in Palestine during the 2nd quarter 2018 compared to the 2nd quarter 2017, (increase 0.2% in the West Bank and decrease 6.1% in Gaza Strip compared to the 2nd quarter 2017).  And it showed a decrease of 0.8% in Palestine compared to the 1st quarter 2018 at constant prices, meanwhile the base year is 2015. GDP for the 2nd quarter 2018 at constant prices was USD 2,560.9 million for the West Bank and USD 790.4 million for Gaza Strip.


 

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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