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Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-10

Sahem Weekly Trading Report (06-10)-08-2017

Al-Quds Index ended this week with an increase of 0.53% than its previous closing level last week, to record 562.42 points. However, the semi-annual financial data disclosures witnessed a momentum in the latest days of the granted legal disclosure period, whereby, the disclosure announcements accelerated to formulate a clearer vision about the annual yield on one hand, and the investment direction for some traders’ categories on another hand. While the anticipation for the semi-annual financial data of 2017 continues to be the most dominating factor on Palestine Stock Exchange PEX.

 

Regarding the financial disclosures for the listed companies, Palestine Telecommunication PALTEL – the largest company by market capitalization – disclosed posting net income of JD33.06 million in the first half of 2017; down by 18.97% than the corresponding period of 2016. This decrease followed the financial implications that accompanied the renewal of the licenses of PALTEL and JAWWAL by the end of 2016. Accordingly, PALTEL records Book Value BV of JD4.07 at the end of June 2017 and P/BV of 1.15x. Furthermore, the Arab Company for Paint Products APC noted posting net income of JD0.70 million at the end of June 2017; down by 0.54% than the corresponding period of 2016. This decrease followed a decline in sales revenue and an increase in income tax provision. Accordingly, the company records BV of JD2.64 in H1 2017 and P/BV of 2.06x. Also, the Vegetable Oil Industry VOIC disclosed recording an increase in its net income for the first half of 2017 by 30.86% than the corresponding period of 2016, to hit JD3.39 million. This followed an increase in the company’s stake from its affiliates’ profits and dividends yields. Based on the disclosed data, VOIC records BV of JD6.60, and P/BV of 1.60x.

 

In the banking and financial services’ sector, Al-Quds Bank QUDS’s financial data disclosure for the first half of 2017 was distinguished when recorded net income of $6.13 million compared to net income of $4.15 million in the corresponding period of 2016. This followed an increase of 25.55% in the bank’s gross revenues, to record BV of $1.44 and P/BV of 1.21x. On the other hand, Palestine Islamic Bank ISBK noted reporting net income of $6.37 million in H1 2017 compared to net income of $6.02 million in the corresponding period in 2016. This growth followed the increase in the bank’s gross revenues, to record BV of $1.47 and P/BV of 1.52x.

 


 

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

2019-11-06
QUDS posts net income of $8.24 million in 9M 2019

2019-11-06
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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