 send to a friend by email
2025-04-10
Sahem weekly trading report (06-10)-04-2025
In this week that followed Eid Al-Fiter Holiday, Al-Quds Index traded in a relatively wide range, recording a decrease of 3.00% than the previous week, to record 478.48 points. While the trading on Palestine Stock Exchange PEX was conservative amid an increase in the momentum of raising the recommendations regarding distributing dividends for the shareholder for the year 2024 and approving them. On another hand, the PEX entered Q1 financial data disclosures for the year 2025, to add for the investors’ anticipation another degree of accuracy and caution.
Regarding the significant news of this week, the listed companies continued to raise recommendations regarding distributing dividends for the shareholders for the year 2024. In this context, the board of directors of Al-Mashriq Insurance Company MIC raised a recommendation to the general assembly to distribute 2.50% cash dividends for the year 2024. It also recommended distributing 16.67% stocks dividends for the year 2024, to raise the paid-up capital from $9.00 million to $10.50 million. Also, the board of directors of Birzeit Pharmaceuticals BPC proposed to the general assembly, which will be holding a meeting on 22/04/2025, distributing 5% cash dividends for the year 2024. Regarding the dividends distribution approvals for the year 2024, the general assembly of Al-Takaful Palestinian Insurance Company TIC approved in its meeting on 08/04/2025, distributing 15% cash dividends for the year 2024, to record dividends yield of 5.28% based on the price on the entitlement date.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Industrial Production Index IPI in Palestine reached 80.73 during February 2025 with an increase of 1.86% compared to 79.25 in January 2025 (Base Year 2019). IPI for February 2025 increased due to the increase in the activities of mining and quarrying by 6.51%, which had a share of 2.89% of the total industry, the activities of manufacturing Industry by 2.15%, which had a share of 87.89% of the total industry, and the activities of electricity, gas, steam and air conditioning Supply by 0.17%, which had a share of 7.38% of the total industry. While, the activities of water supply, sewerage, waste management and remediation decreased by 5.92%, which had a share of 1.84% of the total industry.
|
|
-trade
