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2025-02-27
Sahem weekly trading report (23-27)-02-2025
At the end of February, Al-Quds Index declined below the 500 points level barrier, to close in the red zone. This came amid relatively weak trading that lacks any momentum and institutional transactions that may raise the trading value in Palestine Stock Exchange PEX from time to time. On the other hand and if we exclude the banking and financial services sector, and with the disclosures’ completion of 38 companies out of 40 listed companies required to disclose their data for FY2024, the PEX records an average PE ratio of 24.1x and an average P/BV of 1.16x.
On the other hand, the listed companies continued to raise their recommendations regarding distributing dividends for the shareholders for the year 2024. Whereby, the board of directors of Beit-Jala Pharmaceuticals Company BJP recommended to the general assembly, which will be holding a meeting in the second half of April, distributing 12% cash dividends for the year 2024. Also, the board of directors of the Arab Company for Paints Products APC proposed to the general assembly, which will be holding a meeting on 09/03/2025, distributing 40% cash dividends for the shareholders for the year 2024. Regarding the data of the PEX’s sectors, the insurance sector contributed in 13.16% from total disclosed companies’ profits attributable to the parent companies. Where all companies in the sector recorded profits in FY2024. According to the disclosed data, the insurance sector records an average PE of 16.0x, and an average P/BV of 1.15x.
In the services sector, 78% of the sector’s companies disclosed their FY2024 financial results; where the services sector contributed by 57.16% from the total disclosed companies among all sectors in the PEX; the highest among all the sectors, while two company couldn’t disclose their data within the granted period. Where 57% of the disclosed companies in the sector achieved profits attributable to the parent companies in FY2024, whereas, 43% of the disclosed companies in the sector realized net losses in FY2024. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 88.80% from the total sector’s profits attributable to the parent companies, in which declined in total by 12.88% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 16.6x, the highest among all sectors, and average P/BV of 2.00x; the highest among all sectors as well.
On the other hand, the investment sector’s profits attributable to the parent companies contributed in -0.23% from the total disclosed companies’ profits attributable to the parent companies. While, the investment sector’s profits attributable to the parent companies declined by 97.97% in FY2024. Where the sector records an average PE of 0; the lowest among all sectors, and average P/BV of 0.83x, the lowest among all sectors as well. Regarding the Industry sector, it witnessed a decline in the sector’s profits attributable to the parent companies by 1.71% in FY2024; constituting 29.92% from total sector’s profits attributable to the parent companies, whereby, Palestine Poultry Company AZIZA and the Vegetable Oil Industries Company VOIC achieved the highest profits, in which both contributed for 51.88% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 13.2x, and average P/BV of 1.05x.
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