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PSE in a week... British Fund completes the purchase of Palestinian shares of five million dollars

2009-06-22
Jafar Sadaqa wrote:

Three factors contributed to the decline in the index of Palestine Stock Exchange last week, first: the completion of the British fund"s purchase of several leading companies shares, and the second: what the media reports on the uncertainty of the Jordanian Telecommunications Regulatory Commission on the integration of ZAIN Jordan in  PALTEL, which reduced the demand on PALTEL and led to decline significantly, and third: selling transactions and closing positions to take profits to benefit from the increase that continued for two weeks. The most important factor, as witnessed in the market over the past three weeks is the active transactions of foreign funds, including British one that allocated 5 million dollars to invest in the Palestinian market, and targeted over the three weeks the leading shares, particularly: Bank of Palestine BOP, and Palestine for Development and Investment PADICO, and with the completion of these purchases over the last week, the two shares and in particular BOP vouched an increase in the offers over demands, leading to a decline in the last sessions of Monday and Tuesday in the last week to the limits down, and continued to decline at the next two sessions but in a lower rate.

 


 

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

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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

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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