Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

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.

 

 


 

2018-04-22
PALTEL announces the date for distributing cash dividends

2018-04-22
VOIC reports net income of JD1.76 million in Q1 2018

2018-04-22
NAPCO approves distributing 6.00% cash dividends for the year 2017

2018-04-22
PIBC recommends 4.60% stocks dividends for the year 2017

2018-04-22
PSE reports net income of $0.44 million in Q1 2018

2018-04-19
Calmness in the PEX amid growing momentum of the significant news

2018-04-18
PSE approves distributing 6% cash dividends for the year 2017

2018-04-17
ISBK approves distributing 7.25% stocks dividends and 8.5% cash dividends for the year 2017

2018-04-16
PEC records net income of $4.05 million at the end of the first quarter 2018

2018-04-16
APC records net income of JD0.17 million in Q1 2018

2018-04-15
PICO proposes 20% stocks dividends and 50% cash dividends for the year 2017

2018-04-12
Al-Quds Index in the red zone amid anticipation elements’ overlapping

2018-04-11
GUI approves distributing 20% stocks dividends and 10% cash dividends for the year 2017

2018-04-11
TRUST approves distributing 50% stocks dividends and 20% cash dividends for the year 2017

2018-04-05
Scarce liquidity in the dividends distribution and the quarterly disclosures seasons

2018-04-04
APIC acquires a stake of 6.2% in MadfooatCom Company in Jordan

2018-04-04
TIC approves distributing 10% cash dividends for the year 2017

2018-04-04
NIC approves distributing 25% cash dividends and 25% stocks dividends for the year 2017

2018-04-04
BOP approves distributing 13.5% cash dividends for the year 2017 and raising the paid up capital to $250 million

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013