Palestine Weekly Trading Report - 17 to 21 February

Transcription

1. Weekly Trading Report [17-21/02] 2019 “Al Quds Index closes at the level of 541.16 points” The PEX records average PE of 13.1x and average P/BV of 1.21x Palestine Stock Exchange PEX witnessed, this week, medium liquidity levels, leading Al-Quds Index to close in the green zone for the fourth week in row, recording 541.16 points; up slightly by 0.03% than its previous weekly closing level. This followed trading activity on some leading stocks with heavy weights in the Index and price movements on some stocks of the insurance sector, coinciding with the end of the preliminary annual financial date disclosures’ period and the start of proposing the dividends distribution percentages for the year 2018, especially by the insurance sector companies which witnessed dividends proposals momentum. In the same context and with the completion of the announcements of 45 listed companies out of 48 required to disclose their financial data by the end of 2018, the PEX records an average PE ratio of 13.1x and an average P/BV of 1.21x. Regarding the data of the PEX’s sectors, all the companies in the banking and financial services’ sector achieved profits at the end of 2018, whereby, 71% of the banks recorded growth in profits during the period. However, the sector’s profits contributed for 35.14% from the total disclosed companies’ profits attributable to the parent company. According to the disclosed data, the average PE of the sector records 11.6x; the lowest among all sectors, and average P/BV of the sector reports 1.27x. This followed an increase of 1.93% in total sector’s profits. On the other hand, the profits of Bank of Palestine BOP constitute the lion’s share of 51.34% from total achieved profits in the banking and financial services’ sector. In the services sector, 89% of the listed companies in the sector achieved profits at the end of 2018, and on the top comes Palestine Telecommunication Company PALTEL, which constitutes 90.91% from the total sector’s profits. While, only one company realized net loss for the year 2018, and two companies couldn’t disclose their financial data within the legal granted period. On the other hand, the sector’s profits constitute 37.06% from the total disclosed companies’ profits attributable to the parent company; the largest contribution among all sectors. Accordingly, the sector records average PE of 11.7x and average P/BV of 1.29x. Regarding the insurance sector, 86% of the listed companies in the sector achieved profits at the end of 2018, while 50% of the companies that achieved profits witnessed a decrease in their profits. According to the disclosed data, the sector records average PE of 12.2x and average P/BV of 1.29x. In the same context, the profits of the listed companies in the industry sector constitute 10.65% from the total disclosed companies’ profits attributable to the parent company. Whereby, Birzeit Pharmaceuticals BPC and the Vegetable Oil Industries Company VOIC achieved the highest profits, where both contribute for 57.27% from total sector’s profits. Accordingly, the sector records average PE of 13.4x and average P/BV of 1.22x. Moreover, the investment sector records the lowest average P/BV among all sectors, with an average of 1.00x. While the sector records average PE of 22.9x. On another context, the sector’s profits contribute for 10.82% from total sectors’ profits, while one company couldn’t disclose its financial data within the legal granted period. On the other hand, the sectors’ profits increased by 298.05% in 2018 compared to the corresponding period of the year 2017.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 541.01 541.16 0.03% 147.39 150.55 Industry 99.32 99.26 Insurance 93.61 95.12 Investment 29.09 28.62 Services 41.24 40.84 -0.97% Al Quds Banking & Financial Services Symbol Opening Closing Change MIC 2.00 2.15 7.50% 2.14% AIG 0.43 0.46 6.98% -0.06% JCC 0.81 0.85 4.94% 1.61% GUI 2.26 2.36 4.42% -1.62% BOP 2.22 2.30 3.60% QUDS 1.80 1.86 3.33% Summary of the Week Performance Item Current Week Last Week Change Daily Average Ratio of this Week Daily average of Change Ratio 2018 # of Shares 3,135,776 10,818,713 -71.02% 627,155 761,609 -17.65% Value in USD 5,220,726 19,253,008 -72.88% 1,044,145 1,454,634 -28.22% Most Active Companies This Week # of Traded Total value Shares (USD) BOP 490,238 APIC Company Name 52 Weeks Price Open Price Close Price % Change 1,116,043 2.22 2.30 384,558 922,995 2.43 PADICO 417,748 571,460 PIBC 454,851 ISBK High Low 3.60% 2.67 2.15 2.40 -1.23% 2.43 2.00 1.39 1.37 -1.44% 1.53 1.21 502,330 1.08 1.10 1.85% 1.39 1.01 197,588 397,927 2.04 2.00 -1.96% 2.28 1.76 PALTEL 40,873 257,588 4.49 4.45 -0.89% 4.85 4.21 NIC 63,350 252,871 4.00 4.00 0.00% 4.85 3.23 AIG 428,206 191,279 0.43 0.46 6.98% 0.46 0.25 BPC 33,669 175,000 5.18 5.18 0.00% 5.50 5.05 PEC 120,103 169,597 1.44 1.42 -1.39% 1.45 1.16 A registered member at PEX, regulated by PCMA Tel 02-2965710 / Fax: 02-2965713 / P.O. Box: Ramallah (2187) E-mail: Research@Sahem-inv.com