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A balanced performance amid continuing the dividends proposals

2017-03-09

Sahem Weekly Trading Report (05-09)-03-2017

Within the period that follows the annual financial data disclosures of the listed companies, the dividends distribution announcements pace for the year 2016 continue. Despite the slow and conservative liquidity indicators, Al-Quds Index still witnesses a balanced performance, to close at the level of 535.37 points; up by 0.54% than its previous closing level. Within the dividends distribution strategy, 12 companies raised their recommendations till this moment regarding distributing dividends for the year 2016, whereby, 9 companies proposed distributing cash dividends, 2 companies recommended distributing both cash dividends and stocks dividends, while, only one company has approved distributing cash dividends until now.

 

This week with the four trading sessions, the leading company of the Arab Palestinian Investment Company APIC raised a recommendation to the general assembly, which will be holding a meeting on 23/04/2017, to distribute 6.06% stocks dividends, to raise the paid-up capital from $66 million to $70 million, in addition to distributing 6.00% cash dividends for the year 2016. Based on the recommendation, APIC records 3.11% dividends yield based on the current price of the stock and 48.00% payout ratio based on the EPS attributable to the shareholders of the parent company at the end of year 2016. In the market, APIC increased by 1.58%, to close at the level of $1.93 after transactions worth $0.36 million; contributing for 7.81% from PEX total trading value.

 

Regarding this week’s trading, the stock of Palestine Telecommunications PALTEL- the largest company by market capitalization- topped the PEX when recorded trading value worth $2.04 million; contributing for 43.72% from PEX total trading value. This followed executing a transaction of 176 thousand shares. PALTEL closed at the level of JD5.00; up by 0.20% than its previous closing level. Whereby, the investment trends of traders vary with the near holding of the general assembly meeting at the beginning of April to approve distributing 40% cash dividends, between reporting rapid gains before and after the dividends’ entitlement, and between achieving yields along the years. Moreover, the stock of Palestine Islamic Bank ISBK followed when its transactions contributed for 20.53% from PEX total trading value, to close at the level of $2.20; up by 0.46% than its previous closing level. Moreover, the stock of Bank of Palestine BOP- the largest bank by market capitalization- followed when its transactions contributed for 11.12% from PEX total trading value, to close at the level of $2.72 after trading in a relatively narrow range; up by 0.37% than its previous closing level. However, in the banking and financial services’ sector also, trading was active on the stock of Al-Quds Bank QUDS when constituted 7.30% from PEX total trading value, to increase by 2.19% and close at the level of $1.40. Regarding the stock of the largest investment company by market capitalization- Palestine Development and Investment PADICO- it closed at the level of $1.06; up by 0.95% than its previous closing level after transactions that constituted 2.13% from PEX total trading value.

 


 

2019-02-21
The PEX records average PE of 13.1x and average P/BV of 1.21x

2019-02-18
WASSEL posts net income of $0.04 million at the end of 2018

2019-02-18
AHC realizes net loss of JD1.14 million at the end of 2018

2019-02-18
QUDS records net income of $11.59 million at the end of 2018

2019-02-18
PADICO records net income of $15.57 million at the end of 2018

2019-02-18
PRICO realizes net loss of JD3.96 million at the end of 2018

2019-02-18
JPH posts net income of $6.09 million at the end of 2018

2019-02-17
NIC posts net income of $3.77 million at the end of 2018

2019-02-17
JCC records net income of JD0.01 million at the end of 2018

2019-02-17
BPC posts net income of $7.97 million at the end of 2018

2019-02-17
PSE posts net income of $0.41 million at the end of 2018

2019-02-17
GUI records net income of $3.73 million at the end of 2018

2019-02-17
NCI realizes net loss of $0.08 million at the end of 2018

2019-02-17
PID reports net income of JD0.63 million at the end of 2018

2019-02-17
LADAEN realizes net loss of JD0.08 million at the end of 2018

2019-02-17
PIIC posts net income of JD3.55 million at the end of 2018

2019-02-17
TNB posts net income of $19.25 million at the end of 2018

2019-02-17
ABRAJ records net income of $1.17 million at the end of 2018

2019-02-17
AIB posts net income of $7.10 million at the end of 2018

2019-02-17
PALAQAR records net income of JD0.16 million at the end of 2018

2019-02-17
ISBK records net income of $15.13 million at the end of 2018

2019-02-17
PIBC posts net income of $4.34 million at the end of 2018

2019-02-17
PICO realizes net loss of $1.29 million at the end of 2018

2019-02-17
AZIZA posts net income of JD0.84 million at the end of 2018

2019-02-17
MIC records net income of $2.38 million at the end of 2018

2019-02-17
BOP records net income of $54.11 million at the end of 2018

2019-02-14
NSC posts net income of JD0.18 million at the end of 2018

2019-02-14
TIC posts net income of $2.77 million at the end of 2018

2019-02-14
Al-Quds Index in the green zone amid a momentum in the significant news

2019-02-14
PEC reports net income of $8.79 million at the end of 2018

2019-02-14
RSR posts net income of JD0.35 million at the end of 2018

2019-02-14
JREI realizes net loss of $0.03 million at the end of 2018

2019-02-14
GMC posts net income of JD0.07 million at the end of 2018

2019-02-14
AIG posts net income of $1.91 million at the end of 2018

2019-02-14
NIC proposes distributing 20% cash dividends for the year 2018

2019-02-13
PALTEL posts net income of JD67.09 million at the end of 2018

2019-02-13
TRUST posts net income of $5.88 million at the end of 2018

2019-02-13
BJP records net income of JD0.77 at the end of the 2018

2019-02-13
GUI proposes distributing 10% stocks dividends and 10% cash dividends for the year 2018

2019-02-13
VOIC achieves JD6.54 million net income at the end of 2018

2019-02-12
ARAB posts net income of JD0.56 million at the end of 2018

2019-02-12
ELECTRODE posts net income of JD0.09 million at the end of 2018

2019-02-12
PALTEL recommends distributing 40% cash dividends for the year 2018

2019-02-12
APIC reports net income of $16.04 million at the end of 2018

2019-02-11
NAPCO posts net income of JD0.57 million at the end of Y2018

2019-02-11
UCI records net income of $1.93 million at the end of Y2018

2019-02-10
APC proposes distributing 30% cash dividends for the year 2018

2019-02-10
GUI proposes distributing 10% cash dividends for the year 2018

2019-02-10
PADICO Holding sells part of its stake in Jericho Gate Real Estate Investment Company

2019-02-07
Al-Quds Index increases amid the start of the listed companies’ disclosures for the Y2018

2019-02-07
OOREDOO reports net income of $0.10 million at the end of Y2018

2019-02-06
APC records net income of JD0.50 million at the end of Y2018

 

 

 
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