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Dividends yield reports 5.8% in the PEX

2017-05-25

Sahem Weekly Trading Report (21-25)-05-2017

Al-Quds Index ended this week- with four trading sessions- at the level of 529.15 points; up by 0.64% than its previous closing, following an increase in the price of some leading companies versus a stabilizing in the prices of others. However, with the receding in the wave of holding the general assembly meetings for the listed companies and the approaching end of May 2017, the dividends yield was formed at the ultimate. According to the approved distribution, the total cash dividends amount reached $158.08 million for the year 2016, to record total dividends yield of 5.78%. Accordingly, Palestine Stock Exchange PEX has entered a decreasing in prices phase for the companies that approved dividends to reach price balancing. In terms of liquidity, it is still at its prevailing levels; conservative and lacks institutional transactions.

 

Regarding this week’s trading for the leading companies with the highest weights in Al-Quds index, the largest company in the PEX in terms of market capitalization – Palestine Telecommunication PALTEL – topped the PEX in terms of trading value by 31.38%. While PALTEL stabilized at the level of JD4.70, without any change than its previous weekly closing level, however, PALTEL’s price is still trading below its equivalent price after its decision to distribute 40% cash dividends for the year 2016.  Regarding the largest bank by market capitalization – Bank of Palestine BOP –, its transactions contributed in 15.38% from PEX’s total trading value, to close at the level $2.45, without any change than its previous week closing level. However, BOP’s price is still trading below its equivalent price after its decision to distribute 10.44% cash dividends and 2.56% stocks dividends for the year 2016, which in turn led to raise the bank’s paid-up capital to $200 million. On the other hand, Palestine Development and Investment PADICO –the largest investment company by market capitalization– closed at the level of $1.27, up by 3.25% than its previous weekly closing level and by 5.83% than its equivalent price after the decision to distribute 5% cash dividends for the year 2016 and through transactions that constituted 30.21% from PEX total trading value.

 

In this week, the listed companies accelerated to hold their board of directors BOD’s meetings in order to discuss and approve the financial results for the period ending in 30/04/2017. In this context, the BOD of the National Bank TNB held a meeting on 22/05/2017. Moreover, the BOD of the National Carton Industry Company NCI held a meeting on 20/05/2014. Furthermore, the BOD of the Arab Palestinian Investment Company APIC held a meeting on 23/05/2017, in which the BOD decided to form committees (investment, internal audit and remuneration) besides approving the financial results till the end of April 2017.

 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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