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2025-04-24
Sahem weekly trading report (20-24)-04-2025
Al-Quds Index recorded- in this week with four trading sessions- an increase by 0.75% than the previous week, to close at the level of 487.86 points after trading in a relatively narrow range. This came due to the increase in the price of the stock with heaviest weight in the Index – Palestine Telecommunications PALTEL- after a period of price declines. On the other hand, Palestine Stock Exchange PEX witnessed a momentum in approving the dividends distribution for the year 2024 and in raising the recommendations to distribute dividends as well. While it also entered a new anticipation phase of the quarterly financial data disclosures for Q1 2025, to raise the investors’ anticipation.
Regarding the dividends distribution approvals for the year 2024, the general assembly of the National Carton Industry NCI Company approved it its meeting on 22/04/2025, distributing 10% cash dividends for the year 2024, to record dividends yield of 5.32% based on the price on the entitlement date. Also, the general assembly of Global United Insurance Company GUI approved in its meeting on 22/04/2025, distributing 15% stocks dividends for the year 2024, to raise the paid-up capital from $12.00 million to $13.80 million. In the same context, the general assembly of Birzeit Pharmaceuticals BPC approved in its meeting on 22/04/2025, distributing 5% cash dividends for the year 2024, to record dividends yield of 1.37% based on the price on the entitlement date. On the other hand and regarding raising the recommendations to distribute dividends for the year 2024, the board of directors of the Arab Palestinian Investment Company APIC raised a recommendation to the general assembly, which will be holding a meeting on 05/05/2025, to distribute 3.226% stocks dividends for the year 2024, to raise the paid-up capital from $155.00 million to $160.00 million.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, exports increased in February, 2025 by 15% compared to February, 2024 and reached $138.1 million. Also, imports increased in February, 2025 by 27% compared to February, 2024 and reached $609.3 million. While the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 31% in February, 2025 compared to February, 2024 and reached $471.2 million.
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