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Stock prices return to the levels of 2004 and create vast opportunities for repurchasing

2008-11-30

"What is happening (in the Palestinian stock market) is not understandable at all, the banking system is good, lending is available, and we do not suffer of liquidity crisis or decline in economic activity, and public spending is rising, and the real estate sector is in a major expansion, the loan guarantee programs have multiplied dozens of times, and there is no single company that suffers from a crisis, so why there is a significant decline?". That was what Dr.Amin Haddad the general manager of the Palestinian Banking Corporation had expressed about his surprise regarding the continuing series of bleeding in the Palestinian Stock Market, which had ignored the assurances from the officials and economists and academics. And the weirdest matter is to ignore the most surprising performance that had been showed by the companies" disclosures which are moving towards unprecedented profits this year. Despite the performance of the companies and all assurances, with the closure of last week"s trading the share prices returned to the levels of 2004, erasing the huge gains they achieved in 2005 and the first half of this year. In the last week the Palestinian shares lost approximately $188 from its market capitalization due to a decline in Al-Quds index by %10.69 to close at the level of 416.90 points which is the minimum level that had reached since 26 August 2007.

 


 

2019-11-21
Relative quietness in the PEX amid a lack in the general drivers

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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