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Al-Quds Index in the red zone amid lack of incentives

2018-11-14

Sahem Weekly Trading Report (11-14)-11-2018

In this week with four trading sessions, Al-Quds Index closed this week at the level 529.6 points; down by 0.47% than its previous weekly closing level. This followed slow price movements, amid lack of positive significant news on the listed companies and the bourse in general. In terms of liquidity indicators, it was characterized with relative weakness and scarcity coinciding with the receding in investment incentives. Moreover, Palestine Stock Exchange PEX enters in dampened price status that is inclined to decline, in waiting for positive factors that are to activate the rebounding attempts. Moreover, regarding the economic indicator and according to the Palestinian central bureau of statistics PCBS, The overall Consumer Price Index CPI for Palestine during October 2018 increased by 0.37% compared with September 2018 (by 0.39% in Gaza Strip, by 0.25% in Jerusalem, and by 0.17% in the West Bank).

Regarding this week’s trading, Jerusalem Pharmaceutical Company JPH topped the PEX when its transactions recorded $0.31 million, after executing several transactions on its stock during the week, to close at the level $3.05; down by 0.97% than its previous weekly closing level. Following by the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL –, it stabilized at the level of JD4.34, without any change than its previous weekly closing level. when its transactions recorded $0.26 million. Moreover, regarding the stock of the largest investment company by market capitalization – Palestine Development and Investment Company PADICO – closed at the level of $1.30; up by 0.78% than its previous weekly closing level. through transactions worth $0.04 million. In the banking and financial services sector, the stock of the largest bank by market capitalization – Bank of Palestine BOP – closed at the level of $2.34; down by 0.43% than its previous weekly closing level. When its transactions worth $0.02 million. And in the same sector, Al Quds Bank QUDS closed at the level of $1.80; up by 4.65% than its previous weekly closing level through transactions worth $0.12  million.

In another context, some companies determined dates for holding their board of directors BOD meeting in the coming period. One of the mentioned ones is Arab Company for Paints Products APC, whereby, will be holding a meeting on 22/11/2018. And in the same date, Palestine Real Estate Investment Company PRICO will be holding its BOD meeting, to discuss the budget for the year 2019 and business plan. Also, the BOD of Union Construction And Investment UCI held its meeting on 14/11/2018, and in the same date, the BOD Of Ahliea Insurance Group AIG held a meeting.


 

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

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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