Palestine: Weekly Trading Report - May 28 to June 1

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1. Weekly Trading Report [28/05-01/06[ 2017 “Al Quds Index closes at the level of 530.17 points” New anticipations appear with the start of June Al-Quds Index ended this week in the green zone, to close at the level of 530.17 points; up by 0.19% than its previous closing level. Whereby, the scarce liquidity and trading rigidity in Palestine Stock Exchange PEX are most obvious during this period. However, with the end of May and start of June in the year 2017, new anticipations appear towards the mid-year financial data disclosures for the listed companies in the PEX. While the cash dividends distribution effects especially on the leading stocks significantly results in a decrease in Al-Quds Index during the last two months, especially with the semi-absence of any updates on the general and political arena. Regarding this week’s trading, Palestine Development and Investment Company PADICO - the largest Investment company by market capitalization - topped the PEX in terms of trading value when recorded $1.98 million. The stock increased by 2.36% compared to the previous week, to close at the level of $1.30. However, regarding the largest company in the PEX in terms of market capitalization – Palestine Telecommunication PALTEL - its transactions recorded $0.79 million, to stabilize at the level of JD4.70, without any change than its previous weekly closing level and after trading in a relatively narrow range. On the other hand, trading was active on the shares of the largest bank by market capitalization – Bank of Palestine BOP –, after executing a cross transaction, to record trading value of $1.95 million in this week. However, BOP stabilized at the level of $2.45, without any change than its previous weekly closing level. Regarding this week’s significant news, Nakheel Palestine for Agricultural Investment “Nakheel Palestine”- a subsidiary of Palestine Development and Investment Company PADICO- signed an agreement with the French institution “PROPARCO”. Based on this agreement, PROPARCO granted a $10 million loan to Nakheel Palestine in order to finance its expansion projects and plans in the coming period. Whereby, Nakheel Palestine is seeking to increase its investments in the cultivation of "Medjoul dates”, as the company's production is expected to increase by about 40% in the coming period. It is worth mentioning that Nakheel Palestine specializes in the cultivation, packaging and promoting of the Palestinian dates “Medjoul and Barhi”. Its agricultural farms are located in the categorized C area nearby Jericho and are considered the largest labor operator of the Palestinian working hand, and a major substitute to working in the Israeli settlements. This agreement is considered the first from its type in Palestine, and as it is expected from the company’s board of directors BOD, it will allow the company to increase its production and expand worldwide, in addition to entering new markets. In another context, The Arab Hotel Company AHC announced signing a franchising memorandum of understanding with “Millennium Hotels and Resorts”, a leader in the global hospitality industry. This is considered the first step to start a franchise partnership between “Yabous Company”, a subsidiary of Palestine Investment Fund PIF- the major investor of AHC- and Millennium Hotels and Resorts. This hotel, the former known as “Movenpick Hotel”, is supposed to open its doors under the new management -Millennium Hotels and Resorts- in mid-June 2017. On another hand, Jerusalem Cigarette Company JCC announced the start to produce reduced-excise cigarettes in partnership with Palestine Investment and Development Company PID to be marketed in the Palestinian markets. This is supposed to contribute in increasing the company’s profits in the coming period.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 529.15 530.17 0.19% 146.77 146.42 Industry 79.46 Insurance Investment Services Al Quds Symbol Opening Closing Change AQARIYA 0.68 0.71 4.41% -0.24% JCC 0.94 0.97 3.19% 79.52 0.08% PADICO 1.27 1.30 2.36% 66.19 66.19 0.00% PRICO 0.47 0.48 2.13% 27.05 27.40 1.29% TNB 1.72 1.75 1.74% 43.27 43.21 -0.14% APIC 1.68 1.70 1.19% 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 3,514,533 1,928,983 82.20% 702,907 950,275 -26.03% Value in USD 6,402,265 3,788,267 69.00% 1,280,453 1,816,948 -29.53% Most Active Companies This Week # of Traded Total value Shares (USD) 1,548,287 BOP PALTEL Company Name 52 Weeks Price Open Price Close Price % Change 1,976,692 1.27 1.30 805,749 1,953,878 2.45 118,710 786,209 4.70 ISBK 231,713 498,030 BPC 63,063 JPH High Low 2.36% 1.31 1.01 2.45 0.00% 2.85 2.40 4.70 0.00% 5.28 4.56 2.18 2.15 -1.38% 2.26 1.28 322,162 5.13 5.13 0.00% 5.15 3.50 106,009 188,161 1.83 1.84 0.55% 1.92 1.59 WATANIYA 134,705 128,401 0.96 0.95 -1.04% 1.06 0.79 PEC 104,635 112,706 1.07 1.08 0.93% 1.39 1.05 APIC 62,480 103,374 1.68 1.70 1.19% 1.95 1.16 QUDS 64,588 89,623 1.39 1.40 0.72% 1.65 1.14 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