Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds index decreases amid absence of new incentives

2018-10-11

Sahem Weekly Trading Report (07-11)-10-2018

Palestine Stock Market PEX witnessed a relatively slow trading movement this week, whereby, a total of 2.72 million shares traded with a trading value of $3.39 million. After executing a cross transaction on the stock of Palestine Development and Investment Company PADICO and Palestine Investment Bank PIBC that worth 0.30 million stocks. Moreover, the majority agrees on the absence of incentives in the PEX during this period, which dictates inactivity in terms of liquidity and price movements. During this week, Al-Quds Index continued to move without any negative or positive signals that may stimulate a specific trend, and most signals remained neutral awaiting for new and effective incentives, perhaps most notably the financial statements of the first nine months of  2018, in which, will reach their disclosure deadline by the end of October. 

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 $0.67 million, after executing cross transaction on its shares worth 0.30 million shares. However, PADICO’s closed at the level of $1.28; down by 0.78%  than its previous weekly closing level. In the same sector, Arab Palestinian Investment Company APIC closed at the level of $2.29; down by 0.43% than its previous weekly closing level, after trading value of $0.14 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 $0.34 million. In turn, PALTEL closed at the level JD4.28; down by 0.70% 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 $0.21 million, to stabilize at the level of $2.38, without any change than its previous weekly closing level. In the same sector, Palestine Investment Bank PIBC closed at the level of $1.32; up by 1.54% than its previous weekly closing level. When its transactions recorded $0.54 million, after executing cross transaction on its shares.

This week, the listed companies accelerate to set their board of directors BOD’s meetings for the second week in row, to discuss and approve the third quarter financial data disclosures. In this context, the BOD of Beit Jala Pharmaceutical BJP will be holding a meeting on 18/10/2018. In addition the BOD of Palestine Securities Exchange Company PSE will be holding a meeting on 22/10/2018. In the same context, the BOD of the National Insurance Company NIC will be holding a meeting on 24/10/2018. On the same date, the BOD of Al-Wataniah Towers Company ABRAJ will be holding its meeting.


 

2018-10-11
Al-Quds index decreases amid absence of new incentives

2018-10-04
Al-Quds index increases in parallel to the scarcity in transactions

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013