PSE News

 

  Palestine Monetary Authority taps BPC for e-payments push
Aug , 01 , 2013  
  he Palestine Monetary Authority (PMA) has called in BPC Banking Technologies to help it roll out a national switch electronic payment system. The PMA - which describes itself as the emerging Central Bank of Palestine - is bidding to modernise Palestine's retail payments infrastructure, encouraging a move away from cash and cheques to electronic money. BPC's SmartVista technology will first be used to create an integrated ATM network, enabling customers to use all machines, regardless of which bank they belong to. A second phase will see domestic routing and settlement of point-of-sale transactions performed using debit cards issued in any bank in Palestine. The PMA says that its project will also boost financial inclusion, enabling all segments of society to access banking services, especially in remote and rural areas where bank branches are not available. Jihad Al Wazir, governor, PMA, says: "The project will reflect positively on the national economy, as it will inevitably achieve the PMA's efforts to shift from a society reliant on cash money to one which utilises modernised non-cash payment instruments in its daily transactions in order to expand the use of the latest electronic payment methods."
 

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  Al-Quds Index closed higher by 1.13%
Jul , 29 , 2013  
  Al-Quds Index at the end of the session (472.67) high (5.27) points (1.13 percent) to close the previous session were traded (1785032) shares with a total value of (3,177,648.07) USD, executed through (434) contract. Comparing the prices companies were traded for the day of (21) with a value company, the shares (6) companies were traded, and (3) declined in share prices.
 

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  PSE - Board Meeting
Jul , 28 , 2013  
  Palestine Securities Exchange (PSE) held its Board of Directors Meeting on Saturday 27/07/2013.
 

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  Al-Quds Index closed 1.2% higher
Jul , 28 , 2013  
  Al-Quds Index at the end of the session (467.40), up by 5.65 points (1.22 percent) to close the previous session were traded (1062809) shares with a total value of (2,029,112.12) USD, executed through (279) contract. Comparing the prices companies were traded for the day of (18) with a value company, the shares (5) companies were traded, and (3) declined in share prices.
 

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  Cash dividends for 2012 exceeded USD 126 million
Jul , 25 , 2013  
  6.43% Dividend yield to market cap. in 2012 Ahmad Aweidah, CEO of the Palestine Exchange (PEX), announced that the amount of cash dividends distributed by listed companies on the PEX was USD 126,866,108 for the year 2012. Top ranking by cash dividends Palestine Telecommunications (PALTEL) ranked first with cash dividend of USD 83,659,958 followed by Palestine Development & Investment Company (PADICO) which distributed USD 12,500,000 in cash. Bank of Palestine (BOP) was third with a cash dividend of USD 10,050,000 and fourth was Palestine Electric Company (PEC) which distributed USD 6 million in cash. Top ranking by cash dividend yield Jerusalem Cigarette Company (JCC) ranked first with 13.46% yield, followed by the Arab Company for Paints Products (APC) with 9.92%. Ahmad Aweidah said: "Cash dividends in 2012 grew by 6.72% compared to 2011. This corresponds to the outstanding performance of many PEX listed companies; (34) out of (49) companies were profitable in 2012, profits exceeded 224.7 million USD. Even though 2012 was full of challenges in Palestine on all levels, listed companies proved their resilience and achieved exceptional profits." Aweidah hoped that this performance will have a positive impact on trading volumes and market liquidity. The Palestine Exchange is the most rewarding exchange in the region with the highest dividend yield; it averaged around 6% for the past 5 years.
 

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  Al-Quds Index closed 0.5% higher
Jul , 22 , 2013  
  AL-Quds Index at the end of the session (459.99) high (2.13) points (0.47 percent) to close the previous session were traded (648.285) shares with a total value of (1,213,721.26) USD, executed through (176) contract. Comparing the prices companies were traded for the day of (18) with a value company, the shares (5) companies were traded, and (6) declined in share prices.
 

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  Al-Quds Index closed down 0.25%
Jul , 21 , 2013  
  Al-Quds Index at the end of the session (457.86) low (-1.17) points (-0.25%) to close the previous session were traded (316.041) shares with a total value of (606,925.85) USD, executed through (140) contract. Comparing the prices companies were traded for the day of (20) with a value company, the shares of (3) a rise in the stock price, and (5) the company showed a decline in the stock price. For the top five top gainers were, APC by (4.87%), PIIC by (2.74%), PRICO by (1.43%), while the Top five decliners GCOM by (4.76-%), WATANIYA
 

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  Thomas Murray Limited upgrades the Counterparty Risk (CR) rating for the Palestine Exchange (PEX) from A- to A.
Jul , 18 , 2013  
  The Palestine Exchange announced that the Counterparty Risk (CR) rating for the Palestine CDS has been upgraded from A- to A by Thomas Murray Limited. Meanwhile, the overall proprietary rating remains at A-. The CR rating upgrade reflects the new DVP settlement arrangements at the Palestine CDS, including the launching of cash settlement processing through the Palestine Monetary Authority (PMA) in March 2013. Ahmad Aweidah, CEO of the Palestine Exchange said: "This upgrade corresponds to the PEX performance within best international practices and the recommendations of the International Organization of Securities Commissions (IOSCO) and the Bank for International Settlement (BIS)." Aweidah hoped that this step will enhance investor's confidence in the Palestine Exchange and attract more investments. Thomas Murray was established in 1994. It tracks and analyses over 250 custodians globally and monitors the risk of over 100 capital market infrastructures and maintains proprietary assessments of over 130 CSDs globally, it has a strong position as a provider of public and private ratings and risk assessments on global custodians, domestic custodian banks and capital market infrastructures.
 

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  Al-Quds Index closed 0.5% higher
Jul , 18 , 2013  
  Al-Quds Index at the end of the session (459.03) high (2.48) points (0.54 percent) to close the previous session were traded (364.632) shares with a total value of (648,509.69) USD, executed through (178) contract. Comparing the prices companies were traded for the day of (21) with a value company, the shares (9) companies were traded, and (4) declined in share prices.
 

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  PSE - Board Meeting
Jul , 18 , 2013  
  Palestine Securities Exchange (PSE) set 27/07/2013 as a date of its Board of Directors Meeting.
 

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