Palestine: Weekly Trading Report - 31 December to 4 January

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1. Weekly Trading Report [31/12/2017-04-01-2018] “Al Quds Index closes at the level of 27.475 points” The PEX opens the year 2018 in optimism Palestine Stock Exchange PEX ended the year 2017 with positivity and optimism, whereby, the last trading session of the year was characterized with activity and rapid price movement; supported by executing several transactions with varied volume on some of the leading stocks and other stocks. While Al-Quds Index ended this year 2017 at the level of 574.58 points with a compound annual growth rate CAGR of 0.78% than the year 2007, whereby, the closing of the end of the year 2017 was the highest since the year 2007; recording gains of 8.38% than the closing in the year 2016 and 8.98% than the closing in the year 2007. On the other hand, the positivity continued with the beginning of the first trading sessions on the year 2018, whereby, Al-Quds Index ended this week’s trading with four trading sessions at the level of 27.475 points; up by 0.26% than its previous weekly closing level. However, in another context and despite the varied behavior of investors in building their portfolios based on their investment strategies, the anticipation increases among all investors’ segments towards the disclosed annual financial statements of the listed companies, to predict the financial returns from the distributed dividends from one hand and the capital gains from another hand. In this week’s trading, executing several transactions of 1.53 million shares on the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- has constituted in leading the PEX this week , to top it when recorded $2.64 million at the end of the week and close at the level of $1.43; down by 2.72% than its previous weekly closing level. Secondly came the leading stock of the Arab Palestinian Investment Company APIC when recorded transactions of $1.84 million following executing a transaction of 0.78 shares on APIC’s stocks, to stabilize at the level of $1.98 without any change than its pervious weekly closing level. Moreover, in the banking and financial services’ sector, trading was active on the stocks of Palestine Investment Bank PIBC, to increase significantly by 7.14% after trading in a relatively wide range and close at the level of $1.35 after transactions worth $0.87. Regarding the largest bank by market capitalization- Bank of Palestine BOP- it declined by 1.13% than its previous weekly closing level, to stand at $2.62 after transactions that didn’t exceed $0.19 million. Furthermore, the stock of the National Bank TNB declined by 0.55% than its previous weekly closing level, to record $1.81 after transactions worth $0.77 million. Within its yearly modification that coincides with the end of the year 2017, the PEX announced the new composition of the Al-Quds Index for the year 2018 after reviewing the companies it consists of, to include 15 companies out of 48 listed companies that represent 75.85% of the total PEX market capitalization. Where the number of companies included in the Index did not change, while, the stocks of Birzeit Pharmaceuticals BPC, Palestine Industrial Investment Company PIIC, Jerusalem Cigarette Company JCC and the National Insurance Company NIC were replaced with Union Construction and Investment Company UCI, Ahliea Insurance Group AIG, Golden Wheat Mills Company GMC, and Jerusalem Pharmaceutical Company JPH in the new Index composition.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 573.22 574.72 0.26% 163.63 163.37 Industry 98.1 Insurance Investment Services Al Quds Symbol Opening Closing Change AIG 0.24 0.27 12.50% -0.16% PRICO 0.48 0.52 8.33% 98.21 0.11% GMC 0.77 0.83 7.79% 70.93 71.31 0.54% PIBC 1.26 1.35 7.14% 30.4 30.22 -0.59% WATANIYA 1.04 1.11 6.73% 43.67 44.36 1.58% PID 1.28 1.34 4.69% Banking & Financial Services Summary of the Week Performance Item Current Week Last Week Change Daily Average Ratio of this Week Daily average of Change Ratio 2016 # of Shares 5,531,060 9,259,163 -40.26% 1,382,765 950,275 45.51% Value in USD 8,683,967 10,405,661 -16.55% 2,170,992 1,816,948 19.49% Most Active Companies This Week # of Traded Total value Shares (USD) 1,789,864 APIC PIBC Company Name 52 Weeks Price Open Price Close Price % Change 2,643,674 1.47 1.43 932,584 1,838,233 1.98 643,004 872,393 1.26 TNB 425,978 769,168 PID 379,600 706,979 QUDS 179,895 WATANIYA PALTEL High Low -2.72% 1.64 1.01 1.98 0.00% 2.00 1.62 1.35 7.14% 1.40 0.95 1.82 1.81 -0.55% 1.98 1.63 1.28 1.34 4.69% 1.34 1.25 378,887 2.13 2.11 -0.94% 2.13 1.20 212,462 229,948 1.04 1.11 6.73% 1.37 0.82 29,532 191,064 4.60 4.60 0.00% 5.19 4.46 BOP 69,521 182,692 2.65 2.62 -1.13% 2.85 2.40 GMC 143,946 163,676 0.77 0.83 7.79% 0.85 0.50 PADICO 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