Palestine: Weekly Trading Report

Transcription

1. Weekly Trading Report [23-27/07] 2017 “Al Quds Index closes at the level of 556.89 points” PADICO decides to unify the group's policies and undertake the necessary restructuring Al Quds Index ended the week at the level of 556.89 points, down by 0.42% through a decline in trading values by 65.16% compared to the previous week, to trade 5.76 million shares that valued at $7.49 million. Following the continuous anticipation of the development in the investment environment in the political and security conditions in Palestine – as the PEX is considered the interface of the Palestinian economy that is most affected by the political situation. Therefore, the performance for the market this week is characterized with fluctuation. While; Investors with their different categories are still anticipating the semi-annual financial data for the listed companies because of their significant impact on the investors’ behavior in the market during the coming period. Regarding this week’s trading, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO - topped the PEX for the sixth time in a row, to balance at the level of $1.52 following active trading worth $2.60. It is worth mentioning that the company held its board of directors BOD meeting on 24/07/2017, whereby approved to unify the group’s polices and control the administrative expenses. In addition to undertake the necessary restructuring in order to face the upcoming period. As for the stock of the largest bank by market capitalization – Bank of Palestine BOP – it closed at the level of $2.47; down by 0.80% than its previous weekly closing level when its transactions worth $0.98 million. Regarding the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL – it closed at the level of JD4.69; down by 0.42% than its previous weekly closing level, after transactions worth $0.97 million. In another context, Palestine Plastic Industry LADAEN’s stock witnessed a significant increase by 900%, where the stock increased from JD0.28 to JD2.80. LADAEN’s price floated on 24/07/2017 session according to the first trading session mechanism, it is worth mentioning that the stock was halted from trading until the completion of the capital reduction requirements after the General Assembly GA’s decision of decreasing the paid up capital by 90% each according to his contribution; from JD7.00 million to JD0.70 million in order to cover the accumulated losses, And that decision was taken in its meeting on 04/05/2016. Regarding the semi-annual financial disclosures in this week, Wataniya Palestine Mobile Telecommunications WATANIYA noted realizing net loss of $1.37 million in H1 2017, compared to net income of $1.03 million in the corresponding period of 2016. This followed an increase in the company’s general and administrative expenses as a result of incurring expenses in the preparation of entering Gaza strip during H1 2017. In addition to the illegal competition by Israeli telecommunication companies. On another hand, the board of directors BOD of Birzeit Pharmaceuticals BPC approved in its meeting on 24/07/2017 investing in Palestine Islamic Bank ISBK.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change Symbol 559.23 556.89 -0.42% 154.13 153.47 Industry 81.03 Insurance Investment Services Al Quds Opening Closing Change LADAEN 0.28 2.80 900.00% -0.43% AHC 0.62 0.65 4.84% 86.83 7.16% GUI 1.44 1.50 4.17% 72.15 71.83 -0.44% NCI 1.05 1.08 2.86% 30.02 29.61 -1.37% JCC 0.92 0.94 2.17% 43.82 43.75 -0.16% GMC 0.64 0.65 1.56% 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 5,762,161 13,686,285 -57.90% 1,152,432 950,275 21.27% Value in USD 7,943,843 22,799,649 -65.16% 1,588,769 1,816,948 -12.56% Most Active Companies This Week # of Traded Total value Shares (USD) PADICO 1,718,135 Company Name 52 Weeks Price Open Price Close Price % Change 2,604,016 1.52 1.52 High Low 0.00% 1.58 1.01 BOP 400,211 984,816 2.49 2.47 -0.80% 2.85 2.40 PALTEL 146,583 968,812 4.71 4.69 -0.42% 5.25 4.56 AIG 1,723,462 786,231 0.47 0.47 0.00% 0.49 0.12 APIC 396,547 725,719 1.85 1.83 -1.08% 1.95 1.50 ISBK 264,800 605,702 2.29 2.28 -0.44% 2.34 1.38 QUDS 123,174 205,439 1.67 1.67 0.00% 1.70 1.17 WATANIYA PRICO PEC 206,876 215,370 116,160 204,537 172,983 135,532 0.99 0.58 1.20 1.00 0.56 1.17 1.01% -3.45% -2.50% 1.06 0.65 1.39 0.81 0.46 1.05 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