Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index in the green zone with increasing the annual disclosures anticipation

2023-01-19

 Sahem Weekly Trading Report (15-19)-01-2023

In this week and with the routinely anticipation for the listed companies’ annual financial data and dividends distribution trends for the year 2022 and what will devolve in their financial decisions accordingly, Al-Quds Index recorded noticeable gains of 1.29% than the previous week after trading in a relatively wide range, closing at the level of 646.66 points. This mainly resulted from increases in the prices of blue-chips and mainly from a significant increase by 4.82% in the price of the largest company in Palestine Stock Exchange PEX by market capitalization and the heaviest weighted stock in Al-Quds Index- Palestine Telecommunications PALTEL-. While, trading in the PEX was active and the PEX witnessed executing several small to medium volume transactions on several stocks. Where, with the beginning of February, 15 days remain to the legal period granted by the PEX to the listed companies to disclose their financial and operational annual data from the 45 granted days.

The investors’ anticipation during these days, which in turn affects the liquidity levels, is reflected on sellers and buyers of the listed stocks. Whereby, both are conserving their role in executing the transaction despite their different decision taking basis. However, it is undoubtedly that a category of speculators exist who don’t take into account to any basis in this current period. Whereby, whoever conserves purchasing, refers his decision mainly to two factors; either he prefers to purchase after disclosing the financial data of the companies even if the prices rise, or he prefers to postpone the purchasing after the dividends entitlement and what follows of price declines. While, whoever conserves selling, mostly refers his decision on what oppose the buyer’s decision’s basis. He may conserve selling till disclosing the companies’ financial results even if the prices decrease accordingly, or he may prefer to sell before the dividends’ entitlement given the fact that the prices will be higher than what will accrue to later.

On the other hand, the listed companies accelerate to hold their board of directors BOD’s meeting in order to discuss the financial data for the year end 2022, while some companies will discuss distributing dividends for the shareholders for the year 2022. Whereby, the BOD of Palestine Investment Bank PIBC will be holding a meeting on 16/01/2023. While the BOD of Palestine Telecommunications Company PALTEL will be holding a meeting on 24/01/2023. Also, The BOD of both Palestine Development & Investment Company PADICO and Trust International Insurance Company TRSUT will be holding meetings on 25/01/2023. Moreover, the BOD of Nablus Surgical Center NSC will be holding a meeting on 28/01/2023. In the same context, the BOD of Bank of Palestine BOP will be holding a meeting on 29/01/2023. In addition, the BOD of the Vegetable Oil Industries Company VOIC will be holding a meeting on 30/01/2023.


 

2023-03-29
RSR recommends distributing 4% cash dividends for the year 2022

2023-03-29
AIB approves distributing 4.15% cash dividends and 5.09% stocks dividends for the year 2022

2023-03-29
TNB recommends distributing 5% cash dividends for the year 2022

2023-03-23
Al-Quds Index declines & dividends entitlement of the largest blue-chip in the PEX

2023-03-23
The start to distribute QUDS approved cash dividends

2023-03-23
NSC approves distributing 5% cash dividends for the year 2022

2023-03-22
APIC recommends distributing 8.93% cash dividends and 4.46% stocks dividends for the year 2022

2023-03-22
TAMKEEN proposes distributing 8% cash dividends for the year 2022

2023-03-21
PALTEL approves distributing 40% cash dividends for the year 2022

2023-03-20
QUDS approves distributing 10% cash dividends for the year 2022

2023-03-16
Al-Quds Index above the 660 points level amid an increase in the dividends proposals

2023-03-16
UCI approves distributing 3% cash dividends for the year 2022

2023-03-16
ISBK proposes distributing 5.56% cash dividends and 11.11% stocks dividends for the year 2022

2023-03-15
AIB recommends distributing 4.15% cash dividends and 5.09% stocks dividends for the year 2022

2023-03-15
VOIC recommends distributing 50% cash dividends for the year 2022

2023-03-15
APC approves distributing 20% cash dividends for the year 2022

2023-03-12
BJP proposes distributing 10% cash dividends for the year 2022

2023-03-09
Transactions momentum amid continuing to raise the dividends proposals for 2022

2023-03-09
PSE proposes distributing 10% cash dividends for the year 2022

2023-03-07
BOP proposes distributing 10% cash dividends and 3% stocks dividends for the year 2022

2023-03-05
QUDS proposes distributing 10% cash dividends for the year 2022

2023-03-05
UCI recommends distributing 3% cash dividends for the year 2022

2023-03-02
The PEX records average PE of 12.7x and average P/BV of 1.34x in 2022

2023-03-01
TIC proposes distributing 15% cash dividends and 10% stocks dividends for the year 2022

2023-03-01
JPH proposes distributing 15% cash dividends for the year 2022

 

 

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