Palestine: Weekly Trading Report - 9 To 13 July

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1. Weekly Trading Report [09-13/07] 2017 “Al Quds Index closes at the level of 565.88 points” Active Trading with the increase of semi-annual financial data anticipation In parallel to the investors’ anticipation for the semi-annual financial data disclosures, the active trading that started several weeks ago continued, to widen the price range for Al-Quds Index, to close at the level 565.88 points; up by 0.94% than its previous weekly closing level, and by 6.31% than its closing level at the end of 2016. On the Other hand, the liquidity levels have remained similar to the previous weeks after executing several transactions on some leading stocks and others. While the coming period still drags the attention of followers, especially with the attempts of important stocks in the market to breakthrough new levels despite the absence of significant news this period. Regarding this week’s trading, the stock of the largest investment company by market capitalization - Palestine Development & Investment Company PADICO- topped the PEX in terms of trading value when its transactions reached $7.54 million. Furthermore, the stock increased by 3.29%, to close at the level of $1.57 following active trading and executing several transactions on its shares during the week. Moreover, executing several transactions on the stock of the leading company – the Arab Palestinian Investment Company APIC - led the stock to increase by 3.39%, to trade above its equivalent price after approving the distribution of cash and stocks dividends for the year 2016, to close at the level of $1.83, through transactions worth $3,36 million. On the other hand, the stock of Palestine Real Estate Investment PRICO – the investment arm of PADICO in the Real Estate sector – increased significantly by 14.29%, to close at the level of JD0.64 following widening in its price range after executing a transaction of 840 thousand shares and following transactions worth $2,09 million. However regarding the stock of the largest company by market capitalization – Palestine telecommunication PALTEL – it decreased by 1.46%, to close at the level JD4.73 after transactions worth $1,04 million. Regarding this week’s significant news, Palestine Plastic Industries LADAEN – a subsidiary of Palestine Industrial Investment PIIC – announced starting a comprehensive plan to restructure the company's capital and operations and adopt a new business plan, whereby the company has established a new private shareholding company under the name” Ethmar Plastic Industries”; specialized in manufacturing plastic cans, whereby, LADAEN owns 9.5% of the new company and PIIC owns 50.5% while the remaining 40% is owned by a partner from outside the group. However, LADAEN noted renting its factory buildings to Ethmar Plastic Industries. It also confirmed that the company would not exercise any activities nowadays; indicating that its income will be achieved through its stake from the new company’s profits, in addition to the annual rental income of the factory buildings. It is worth mentioning that the general assembly of LADAEN has approved, on its meeting last May, decreasing its paid-up capital by 90% each according to his contribution; from JD7.00 million to JD0.70 million in order to cover the accumulated loses.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change Symbol Opening Closing Change 560.62 565.88 0.94% PRICO 0.56 0.64 14.29% 155.10 155.43 0.21% JPH 1.96 2.18 11.22% Industry 80.32 80.81 0.61% AIG 0.36 0.40 11.11% Insurance 69.44 70.68 1.79% QUDS 1.60 1.68 5.00% Investment 29.76 30.62 2.89% WATANIYA 0.96 1.00 4.17% Services 44.30 44.19 -0.25% APIC 1.77 1.83 3.39% Al Quds 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 12,135,121 12,304,184 -1.37% 2,427,024 950,275 155.40% Value in USD 16,991,631 18,173,678 -6.50% 3,398,326 1,816,948 87.03% Most Active Companies This Week # of Traded Total value Shares (USD) PADICO 4,888,308 APIC PRICO Company Name 52 Weeks Price Open Price Close Price % Change 7,542,172 1.52 1.57 1,869,378 3,364,463 1.77 2,580,793 2,085,427 0.56 PALTEL 155,777 1,043,252 ISBK 323,074 AIG High Low 3.29% 1.57 1.01 1.83 3.39% 1.95 1.49 0.64 14.29% 0.65 0.46 4.80 4.73 -1.46% 5.28 4.56 749,263 2.33 2.30 -1.29% 2.34 1.32 1,072,864 400,584 0.36 0.40 11.11% 0.40 0.12 QUDS 238,092 393,657 1.60 1.68 5.00% 1.70 1.17 BOP WATANIYA JPH 152,936 331,615 91,522 384,085 332,061 194,382 2.52 0.96 1.96 2.52 1.00 2.18 0.00% 4.17% 11.22% 2.85 1.06 2.25 2.40 0.81 1.59 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