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The PEX records average PE of 12.0x and average P/BV of 1.32x in Q1 2023

2023-05-25

Sahem Weekly Trading Report (21-25)-05-2023

Trading in Palestine Stock Exchange PEX is still characterized with general heaviness after approving the dividends distribution for the year 2022. While Al-Quds index continued to decline in this week as well. And except the insurance sector which is required to disclose its financial data for Q1 2023 at the end of July, and with the disclosures’ completion of 39 companies out of 40 listed companies required to disclose their data for Q1 2023, the PEX records an average PE ratio of 12.0x and an average P/BV of 1.32x.

Regarding the data of the PEX’s sectors, the banking and financial services’ sector contributed in 39.37% from total disclosed companies’ profits attributable to the parent companies; the largest percentage among all sectors. Whereby, all of the companies that disclosed their data in the sector recorded profits in Q1 2023. According to the disclosed data, the average PE of the sector records 9.0x, and average P/BV reached 1.05x. This came due to the increase in the sector’s profits attributable to the parent companies by 18.44%. While, Bank of Palestine BOP constitutes the lion’s share of 48.09% from the total achieved profits attributable to parent companies in the sector.

In the services sector, 89% of the sector’s companies disclosed their Q1 2023 financial results; where the services sector contributed by 26.77% from the total disclosed companies among all sectors in the PEX, while one company couldn’t disclose its data within the granted period. Where 88% of the disclosed companies in the sector achieved profits attributable to the parent companies in Q1 2023, whereas, 12% of the disclosed companies in the sector realized net losses in Q1 2023. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 60.92% from the total sector’s profits attributable to the parent companies, in which increased in total by 16.77% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 14.6x, and average P/BV of 2.62x; the highest among all sectors.

 

On the other hand, the investment sector’s profits attributable to the parent companies contributed in 25.39% from the total disclosed companies’ profits attributable to the parent companies. While, the investment sector’s profits attributable to the parent companies increased by 45.20% in Q1 2023. Where the sector records an average PE of 12.8x, and average P/BV of 1.03x, the lowest among all sectors. Regarding the Industry sector, it witnessed a decline in the sector’s profits attributable to the parent companies by 18.88% in Q1 2023; constituting 8.47% from total sector’s profits attributable to the parent companies, whereby, Birzeit Pharmaceuticals Company BPC and the Vegetable Oil Industries Company VOIC achieved the highest profits, in which both contributed for 48.04% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 15.42x- the highest among other sectors-, and average P/BV of 1.23x.


 

2023-05-25
The PEX records average PE of 12.0x and average P/BV of 1.32x in Q1 2023

2023-05-18
Al-Quds Index stood still with the end of Q1 2023 financial data disclosures’ period

2023-05-17
AQARIYA posts net income of $2.39 million in Q1 2023

2023-05-17
PEC posts net income of $5.27 million in Q1 2023

2023-05-17
PRICO posts net income of JD0.48 million in Q1 2023

2023-05-17
ABRAJ posts net income of $0.06 million in Q1 2023

2023-05-17
PIBC posts net income of $2.13 million in Q1 2023

2023-05-17
LADAEN posts net income of JD0.02 million in Q1 2023

2023-05-17
NCI posts net income of $0.11 million in Q1 2023

2023-05-17
PALTEL posts net income of JD11.31 million in Q1 2023

2023-05-17
AHC realizes net loss of JD0.41 million in Q1 2023

2023-05-17
WASSEL posts net income of $0.38 million in Q1 2023

2023-05-17
GMC posts net income of JD0.11 million in Q1 2023

2023-05-17
BOP posts net income of $20.59 million in Q1 2023

2023-05-17
JCC posts net income of JD0.93 million in Q1 2023

2023-05-17
JREI posts net income of $0.02 million in Q1 2023

2023-05-16
The share of Ibn Sina Specialized Hospital closes at $1.31 in its first trading session

2023-05-16
AIB posts net income of $4.11 million in Q1 2023

2023-05-16
PADICO posts net income of $8.90 million in Q1 2023

2023-05-16
APIC posts net income of $5.10 million in Q1 2023

2023-05-16
QUDS posts net income of $5.23 million in Q1 2023

2023-05-16
NAPCO realizes net loss of JD0.37 million in Q1 2023

2023-05-16
BPC posts net income of $1.79 million in Q1 2023

2023-05-16
VOIC posts net income of JD1.56 million in Q1 2023

2023-05-16
ISBK posts net income of $4.37 million in Q1 2023

2023-05-16
SANAD posts net income of $0.49 million in Q1 2023

2023-05-16
JPH posts net income of $1.50 million in Q1 2023

2023-05-16
PID posts net income of JD0.05 million in Q1 2023

2023-05-16
PIIC posts net income of JD1.79 million in Q1 2023

2023-05-14
ARAB posts net income of JD0.03 million in Q1 2023

2023-05-14
AZIZA posts net income of JD1.03 million in Q1 2023

2023-05-14
TNB posts net income of $3.81 million in Q1 2023

2023-05-14
APC posts net income of JD0.12 million in Q1 2023

2023-05-14
BJP posts net income of JD0.40 million in Q1 2023

2023-05-11
Scarce trading and a momentum in the significant news

2023-05-11
VOIC approves distributing 50% cash dividends for the year 2022

2023-05-11
NCI approves distributing 10% cash dividends for the year 2022

2023-05-11
NSC posts net income of JD0.51 million in Q1 2023

2023-05-11
UCI posts net income of $0.24 million in Q1 2023

2023-05-10
Listing ISH on the PEX on Tuesday 16/05/2023

2023-05-09
RSR posts net income of JD0.06 million in Q1 2023

2023-05-09
PSE posts net income of $0.27 million in Q1 2023

2023-05-09
PIBC approves distributing 5% cash dividends for the year 2022

2023-05-09
BJP approves distributing 10% cash dividends for the year 2022

2023-05-09
APIC approves distributing 9.50% cash dividends and 4.46% stocks dividends for the year 2022

2023-05-07
AZIZA approves distributing 18% cash dividends for the year 2022

2023-05-07
PSE approves distributing 10% cash dividends for the year 2022

2023-05-04
Al-Quds Index in the green zone amid high-volume trading

2023-05-04
TNB approves distributing 5% cash dividends for the year 2022

2023-05-02
OOREDOO posts net income of $4.29 million in Q1 2023

 

 

 
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