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Al-Quds index continues to follow the regional and international markets' movement ignoring the good performance of the Palestinian companies.

2008-10-19

Palestine securities exchange index insisted last week to parallel the regional markets" indices, ascending and descending, despite many economists and analysts" assurance that Al-Quds index tracking to other exchanges is unjustified regarding the weak correlation between the PSE and other regional and international markets. After Al-Quds had gained more than 44 points in the first three trading sessions from the week, it fell by approximately 49 points in the last two sessions to close at the level of 563.09 points declining by 4.71 points or %0.83 comparing to its closing in the previous week. Al-Quds index" movement was similar to the Arab exchanges" indices which in their turn under the effect of the volatility in the international markets, where optimism had vouched in the first half of the week regarding to the success of the steps that had been taken by governments and central banks in the world in order to calm down the markets, but they had returned falling in the second half of the week by showing negative results about the U.S economy. Also after months of Palestinian economists commitment of not commenting on the international financial crisis and it"s probabilities on the Palestinian economy, the statements had been intensified in the last two weeks in order to reassure the traders and to assure that the reaction in the PSE is unjustified, indicating that banks and PMA"s deposits is in safe in addition to the smallness of the outsider investment portfolios in the PSE and that none of them had closed their positions in the Palestinian market. Also the chairman of the CMA assured that the authority had made an examination on the reinsurance companies that it is dealing with and concluded that they are ranked with high classifications and hadn’t been affected by the international financial crisis. And in another step to calm the market, PALTEL group announced that it had pledged JD 20 million to invest in the financial markets when the huge declines in the stocks prices offered a serious investment opportunities, also PADICO the largest holding company in Palestine assured that the financial crisis" effect is limited on the company due to concentrating %87 from its investments in operating activities inside Palestine.


 

2020-02-20
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AHC realizes net loss of JD1.25 million in 2019

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PEC reports net income of $12.45 million in 2019

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LADAEN realizes net loss of JD0.06 million in 2019

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PICO posts net income of $0.48 million in 2019

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JREI realizes net loss of $0.28 million in 2019

2020-02-16
NSC posts net income of JD0.59 million in 2019

2020-02-16
PIIC records net income of JD6.14 million in 2019

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PALTEL posts net income of JD63.97 million in 2019

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BOP records net income of $38.94 million in 2019

2020-02-16
TNB posts net income of $18.12 million in 2019

2020-02-16
NIC records net income of $7.17 million in 2019

2020-02-16
PIBC reports net income of $4.52 million in 2019

2020-02-16
AIB records net income of $9.01 million in 2019

2020-02-16
PADICO posts net income of $25.13 million in 2019

2020-02-16
TRUST posts net income of $4.01 million in 2019

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QUDS posts net income of $11.22 million in 2019

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UCI posts net income of $0.86 million at the end of 2019

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GMC reports net income of JD0.82 million at the end of 2019

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AZIZA posts net income of JD3.94 million at the end of 2019

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2020-02-09
GUI proposes distributing 10% cash dividends for the year 2019

2020-02-06
Al-Quds Index at its highest level since the beginning of the year

2020-02-06
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2020-02-03
APC records net income of JD0.85 million at the end of 2019

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APC recommends distributing 40% cash dividends for the year 2019

2020-02-03
PALTEL proposes distributing 40% cash dividends for the year 2019

 

 

 
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