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Palestinian (Al-Quds) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies37
  • 7D-0.5%
  • 3M-4.3%
  • 1Y-17.2%
  • YTD-4.7%

In the last week, the market has been flat. Unfortunately though, the market is down 17% over the past year. As for the next few years, earnings are expected to grow by 7.4% per annum.

Market Valuation and Performance

Has the Palestinian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024₪3.4b₪2.9b₪202.7m14.1x17x1.2x
Thu, 15 Feb 2024₪3.5b₪3.0b₪269.6m12.7x12.9x1.2x
Sat, 13 Jan 2024₪4.0b₪3.2b₪283.2m13.4x14.2x1.2x
Mon, 11 Dec 2023₪4.0b₪3.2b₪333.1m10.7x12x1.2x
Wed, 08 Nov 2023₪4.1b₪3.2b₪353.8m10.9x11.7x1.3x
Fri, 06 Oct 2023₪4.5b₪3.2b₪354.1m11.8x12.6x1.4x
Sun, 03 Sep 2023₪4.4b₪3.3b₪352.5m11.9x12.5x1.4x
Tue, 01 Aug 2023₪4.4b₪3.2b₪347.5m11.9x12.8x1.4x
Thu, 29 Jun 2023₪4.5b₪3.2b₪347.6m11.8x12.9x1.4x
Sat, 27 May 2023₪4.5b₪3.2b₪341.4m12.2x13.1x1.4x
Mon, 24 Apr 2023₪4.5b₪3.2b₪340.2m12.1x13.2x1.4x
Wed, 22 Mar 2023₪4.5b₪3.1b₪346.8m12.3x12.9x1.4x
Fri, 17 Feb 2023₪4.5b₪3.2b₪341.5m12.6x13.1x1.4x
Sun, 15 Jan 2023₪4.4b₪3.2b₪342.4m11.8x12.8x1.4x
Tue, 13 Dec 2022₪4.1b₪3.2b₪342.4m11.7x12.1x1.3x
Thu, 10 Nov 2022₪4.1b₪3.1b₪338.3m12.7x12.2x1.3x
Sat, 08 Oct 2022₪4.1b₪3.1b₪335.3m11.9x12.3x1.3x
Mon, 05 Sep 2022₪4.1b₪3.1b₪326.3m13x12.7x1.4x
Wed, 03 Aug 2022₪4.2b₪3.0b₪327.0m13.9x12.7x1.4x
Fri, 01 Jul 2022₪4.3b₪3.1b₪328.4m13.4x13x1.4x
Sun, 29 May 2022₪4.1b₪3.0b₪328.5m13x12.5x1.4x
Tue, 26 Apr 2022₪3.9b₪3.0b₪315.1m12.8x12.5x1.3x
Thu, 24 Mar 2022₪3.9b₪3.0b₪313.5m12.5x12.6x1.3x
Sat, 19 Feb 2022₪4.0b₪2.9b₪303.2m12.5x13.2x1.4x
Mon, 17 Jan 2022₪4.0b₪2.9b₪284.1m12.3x14x1.4x
Wed, 15 Dec 2021₪3.9b₪2.9b₪279.8m12.8x13.9x1.4x
Fri, 12 Nov 2021₪4.0b₪2.9b₪278.8m13.1x14.3x1.4x
Sun, 10 Oct 2021₪3.8b₪2.8b₪254.5m13.5x14.8x1.3x
Tue, 07 Sep 2021₪3.7b₪2.8b₪250.6m13.6x14.9x1.3x
Thu, 05 Aug 2021₪3.8b₪2.8b₪249.2m15x15.2x1.3x
Sun, 09 May 2021₪3.2b₪2.7b₪199.7m14.3x16.1x1.2x
Price to Earnings Ratio

15.7x


Total Market Cap: ₪3.1bTotal Earnings: ₪199.7mTotal Revenue: ₪2.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Palestinian Market Price to Earnings3Y Average 13.5x202220232024
Current Market PE
  • Investors are optimistic on the Palestinian Territory, Occupied market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 13.5x.
Past Earnings Growth
  • The earnings for Palestinian Territory, Occupied listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 3.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Palestinian Market?

PS Market-0.50%
Telecom0.24%
Energy0%
Materials0%
Consumer Discretionary0%
Healthcare0%
Tech0%
Utilities0%
Consumer Staples-0.27%
Financials-0.81%
Real Estate-0.89%
Industrials-1.64%
Sector PE
  • Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Materials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 7.4% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 7.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
PALTEL Palestine Telecommunications Company P.L.Cد.أ4.750.8%
+د.أ5.3m
-19.4%PE14.4xTelecom
PADICO Palestine Development & InvestmentUS$1.100.9%
+US$1.9m
-18.5%PS2.1xFinancials
QUDS Quds BankUS$1.340.8%
+US$1.0m
-22.1%PB0.9xFinancials
ABRAJ Al-Wataniah towersUS$1.994.2%
+US$880.0k
n/aPE21.5xReal Estate
JCC Jerusalem Cigaretteد.أ2.052.5%
+د.أ438.3k
0.5%PE14.8xConsumer Staples
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

PADICO

US$1.10

Palestine Development & Investment

7D

0.9%

1Y

-18.5%

PALTEL

د.أ4.75

Palestine Telecommunications Company P.L.C

7D

0.8%

1Y

-19.4%

ABRAJ

US$1.99

Al-Wataniah towers

7D

4.2%

1Y

n/a

OOREDOO

US$0.82

Wataniya Palestine Mobile Telecommunication - Public Shareholding

7D

-1.2%

1Y

-3.5%

UCI

US$0.48

Union Construction and Investment

7D

-2.0%

1Y

-7.7%

AIB

US$1.48

Arab Islamic Bank

7D

-2.6%

1Y

-16.4%

APIC

US$2.70

Arab Palestinian Investment

7D

-1.5%

1Y

-23.8%

QUDS

US$1.34

Quds Bank

7D

0.8%

1Y

-22.1%

ISBK

US$1.40

Palestine Islamic Bank

7D

-4.1%

1Y

-25.9%

JCC

د.أ2.05

Jerusalem Cigarette

7D

2.5%

1Y

0.5%

ARKAAN

US$1.38

Arkaan Real Estate P.L.C

7D

-1.4%

1Y

-19.8%