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Al-Quds Index in the green zone with increasing the annual disclosures anticipation

2023-01-19

 Sahem Weekly Trading Report (15-19)-01-2023

In this week and with the routinely anticipation for the listed companies’ annual financial data and dividends distribution trends for the year 2022 and what will devolve in their financial decisions accordingly, Al-Quds Index recorded noticeable gains of 1.29% than the previous week after trading in a relatively wide range, closing at the level of 646.66 points. This mainly resulted from increases in the prices of blue-chips and mainly from a significant increase by 4.82% in the price of the largest company in Palestine Stock Exchange PEX by market capitalization and the heaviest weighted stock in Al-Quds Index- Palestine Telecommunications PALTEL-. While, trading in the PEX was active and the PEX witnessed executing several small to medium volume transactions on several stocks. Where, with the beginning of February, 15 days remain to the legal period granted by the PEX to the listed companies to disclose their financial and operational annual data from the 45 granted days.

The investors’ anticipation during these days, which in turn affects the liquidity levels, is reflected on sellers and buyers of the listed stocks. Whereby, both are conserving their role in executing the transaction despite their different decision taking basis. However, it is undoubtedly that a category of speculators exist who don’t take into account to any basis in this current period. Whereby, whoever conserves purchasing, refers his decision mainly to two factors; either he prefers to purchase after disclosing the financial data of the companies even if the prices rise, or he prefers to postpone the purchasing after the dividends entitlement and what follows of price declines. While, whoever conserves selling, mostly refers his decision on what oppose the buyer’s decision’s basis. He may conserve selling till disclosing the companies’ financial results even if the prices decrease accordingly, or he may prefer to sell before the dividends’ entitlement given the fact that the prices will be higher than what will accrue to later.

On the other hand, the listed companies accelerate to hold their board of directors BOD’s meeting in order to discuss the financial data for the year end 2022, while some companies will discuss distributing dividends for the shareholders for the year 2022. Whereby, the BOD of Palestine Investment Bank PIBC will be holding a meeting on 16/01/2023. While the BOD of Palestine Telecommunications Company PALTEL will be holding a meeting on 24/01/2023. Also, The BOD of both Palestine Development & Investment Company PADICO and Trust International Insurance Company TRSUT will be holding meetings on 25/01/2023. Moreover, the BOD of Nablus Surgical Center NSC will be holding a meeting on 28/01/2023. In the same context, the BOD of Bank of Palestine BOP will be holding a meeting on 29/01/2023. In addition, the BOD of the Vegetable Oil Industries Company VOIC will be holding a meeting on 30/01/2023.


 

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

 

 

 
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