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Blue-chips’ fluctuations dominate Al-Quds Index

2015-01-29

Sahem Weekly Trading Report [25-29/01/ [2015

Despite its most frequent trading above the 500-points during the week, the observer has difficulty in determining the trend of Al-Quds Index. However, a new support for the Index is noticed, but the random price movements for some leading shares with heavy weights in the Index dominated these fluctuated movements without defining the price trends. Moreover, the absence of the liquidity momentum that coincides with the investors’ anticipation for disclosing the financial data for the year 2014, increase the stalemate in movement and the domination of the speculation which in turn the orders within the price depth are receding. In aggregate, Al-Quds Index recorded a decrease of 2.02% compared to the end of 2014, affected by the declining in some leading stock from the high levels that was recorded within the trading routines at the end of that year.

Within the financial data disclosure of the listed companies for the year 2014, The Arab Company for Paints Products APC announced posting net income of JD0.58 million; down by 28.08% compared to the year 2013. This decrease comes following a decline of 10.46% in gross income and an increase in the loss from currency exchanges. APC’s stock recorded a book value BV of JD1.95 and P/BV of 1.90x. However, it is expected that the momentum of financial data disclosure will increase by the beginning of February 2015 and approaching the mid-month. Whereby, the prevailing law grants each listed company maximum a 45 days period from the end of the financial year to disclose its annual financial data for 2014, audited from the internal auditor.

With the acceleration of the financial data disclosures, the listed companies initialize holding its board of directors BOD meetings to propose distributing dividends for the shareholders for the year 2014. Although it hasn’t disclosed its financial data yet, the National Insurance Company NIC proposed, in its BOD meeting on 25/01/2015, distributing 15% cash dividends from the company’s paid up capital ($1.80 million) to the general assembly GA that will be holding a meeting on 26/03/2015. In this context and with the increase in anticipation, Palestine Telecommunications Company PALTEL announced its intentions to hold a BOD meeting on 10/02/2015 to approve its preliminary financial data for the year 2014.

Regarding the week’s trading, Al-Quds Index ended its transactions that reached $2.45 million with a 0.73% decrease, to close at the level of 501.43 points.  This decrease followed a 1.69% decline in PALTEL which closed at the level of JD5.80. On the other hand, the stock of Palestine Development and Investment Company PADICO increased by 1.56%, to close at the level of $1.30. Regarding the liquidity indicators, the stock of Bank of Palestine BOP topped the PEX in terms of trading value; constituting 55.87% from its total value.

 


 

2019-11-14
The PEX records average PE of 12.8x and average P/BV of 1.19x in 9M 2019

2019-11-11
The listed companies in the PEX achieves total net income of $232 million in 9M 2019

2019-11-07
Cross transactions in the last trading session of the week raise the trading value significantly

2019-11-06
JCC realizes net loss of JD0.36 million in 9M 2019

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QUDS posts net income of $8.24 million in 9M 2019

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AHC realizes net loss of JD0.94 million in 9M 2019

2019-11-06
PID realizes net loss of JD0.65 million in 9M 2019

2019-11-06
NIC posts net income of $4.83 million in 9M 2019

2019-11-06
JREI realizes net loss of $0.19 million in 9M 2019

2019-11-06
PALAQAR posts net income of JD0.15 million in 9M 2019

2019-11-06
NSC records net income of JD0.28 million in 9M 2019

2019-11-06
AIB posts net income of $6.52 million in 9M 2019

2019-11-06
RSR posts net income of JD0.17 million in 9M 2019

2019-11-06
ABRAJ posts net income of $0.38 million in 9M 2019

2019-11-06
TIC posts net income of $1.03 million in 9M 2019

2019-11-06
GUI records net income of $0.88 million in 9M 2019

2019-11-06
BOP posts net income of $33.92 million in 9M 2019

2019-11-06
PICO posts net income of $0.11 million in 9M 2019

2019-11-06
UCI posts net income of $0.69 million in 9M 2019

2019-11-06
PADICO posts net income of $23.76 million in 9M 2019

2019-11-06
JPH records net income of $2.76 million in 9M 2019

2019-11-06
OOREDOO realizes net loss of $0.71 million in 9M 2019

2019-11-06
PRICO realizes net loss of JD0.12 million in 9M 2019

2019-11-06
MIC reports net income of $0.81 million in 9M 2019

2019-11-06
PALTEL posts net income of JD46.14 million in 9M 2019

 

 

 
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