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Al-Quds index increases in parallel to the scarcity in transactions

2018-10-04

Sahem Weekly Trading Report (30-09)-(04-10)-2018

Al-Quds Index rebounded upwards with the beginning of October by 0.11% than its previous weekly closing level, to close at the level of 532.71 points. At the time Palestine Stock Exchange PEX entered the legal period granted to the listed companies to disclose their 9M 2018 financial data, to raise the anticipation once again for the PEX and investors particularly towards the accumulated yield in their minds. Undoubtedly, the expectations for companies financial data vary based on what had been announced in the first half of 2018 and what was laid out for possible impacts in the third quarter.

Regarding this week’s trading, Palestine Development and Investment Company PADICO - the stock of the largest investment company in terms of market capitalization – topped the PEX for the second week in row when recorded transactions that contributed for 25.37% from PEX’s total trading value. However, PADICO’s closed at the level of $1.29; down by 0.77% than its previous weekly closing level. Followed by the stock of the largest company by market capitalization in the PEX – Palestine Telecommunication PALTEL – when its transactions contributed for 15.97% from the PEX’s total trading value. In turn, PALTEL closed at the level JD4.31; down by 0.46% than its previous weekly closing level. In the industry’s sector, the stock of Birzeit Pharmaceuticals BPC stabilized at the level of $5.20, 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 – closed at the level of $2.38; down by 0.83% than its previous weekly closing level, when it transaction contributed for 11.56% from PEX’s total trading value.

This week, the listed companies accelerate to hold their board of directors BOD’s meetings to discuss and approve the third quarter financial data disclosures, whereby, the PEX grants the listed companies a month to disclose their data starting from the end of September. In this context, the BOD of the Vegetable Oil Industry VOIC will be holding a meeting on 15/10/2018. In addition, the BOD of the Golden Wheat Mills Company GMC will be holding a meeting on 16/10/2018. While, the BOD of Jerusalem Pharmaceutical Company JPH will be holding a meeting on 17/10/2018. On the same date, the BOD of Palestine Industrial Investment Company PIIC will be holding its meeting. In the same context, the BOD of the National Carton Industry NCI will be holding a meeting on 20/10/2018. While the BOD meeting of Al-Aqariya Trading Investment Company AQARIYA will be on 23/10/2018.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, The overall Industrial Production Index IPI in Palestine reached 102.12 during August 2018 with a decrease of 2.35% compared to July 2018 (Base Month December 2015 = 100).

 


 

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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