Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Lack of liquidity with the increase in the year-end disclosures’ anticipation

2019-01-10

Sahem Weekly Trading Report (06-10)-01-2019

In the second week of the year 2019, the trading value in Palestine Stock Exchange PEX was characterized with slowness in price movements and declining in the liquidity to low levels in the four trading sessions of the week amid calmness among the investors with their different categories. Whereby, Al-Quds Index closed at the level of 529.71 points; down by 0.16% than its previous weekly closing, through weak trading that didn’t exceed $3 million. On the other hand, the anticipation- with its different types and motives- dominates a large space in the PEX investor’s behaviors despite the varied optimism levels among the securities’ sector parties that stem from important and substantial factors from the Palestinian investment environment and the listed companies, in which follows the unique entity of the PEX that imposes itself as purely political format.

During this week, one listed stock’s performance didn’t exceed any other within a receding in the substantial news on the companies that may increase the intrinsic value of their stocks. And the investors’ buying/selling strategies were also scarce. Whereby in the week, no announcements accelerated except for holding the general assembly meetings in order to review the preliminary annual financial data for 2018. According to the applied law, the PEX grants the listed companies 45 days since the end of the last year to disclose their preliminary financial data. In this context, the anticipation increases more for investors in waiting for the final figures that will be disclosed by the companies and especially the blue-chips in order to predict the investment yield in the form of cash or stocks dividends, which depends mainly on the company’s remaining strategies during the year to maintain specific operation revenues levels versus completely hedging any surrounding changes.

Regarding the blue-chips price dynamics, the current price of the largest company by market capitalization and the highest weighted stock in Al-Quds Index - Palestine Telecommunications Company Buy Cigarettes in USA- records premium to 52-weeks low of 2.38%, and discount to 52-weeks high of -11.13%. Moreover, the current price of Palestine Development and Investment Company PADICO - the largest investment company by market capitalization- records, premium to 52-weeks low of 5.79%, and discount to 52-weeks high of -16.34%. However, regarding the stock of the largest bank by market capitalization- Bank of Palestine BOP-, it currently records premium to 52-weeks low of 2.22%, and discount to 52-weeks high of -13.86%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, currently reports premium to 52-weeks low of 19.60% and discount to 52-weeks high of -0.42%.


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403