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2025-04-30
Sahem weekly trading report (27-30)-04-2025
In this week with four trading sessions and with the end of April, Al-Quds Index stood still, without any significant change than the previous week, to close at the level of 487.85 points after trading in a relatively narrow range. This came amid scarce trading that lacked any momentum and institutional transactions that may raise the trading value in Palestine Stock Exchange PEX from time to time. On another hand, the PEX witnesses a momentum in approving the dividends distribution for the year 2024. While the listed companies started to disclose their Q1 2025 financial data disclosures amid cautious anticipation.
Regarding approving the dividends distribution for the shareholders for the year 2024, in the insurance sector, the general assembly of Al-Mashriq Insurance Company MIC approved, in its meeting on 29/04/2025, distributing 2.50% cash dividends for the year 2024, to record dividends yield of 0.89% based on the price on the entitlement date. It also approved distributing 16.67% stocks dividends for the year 2024, to raise the paid-up capital from $9.00 million to $10.50 million. In the same sector, the general assembly of Al-Ahliea Insurance Company AIG approved in its meeting on 29/04/2025, distributing 2.39% cash dividends for the year 2024, to record dividends yield of 10.39% based on the price on the entitlement date. It also approved distributing 11.11% stocks dividends for the year 2024, to raise the paid-up capital from $13.50 million with a par value of 0.25 per share to $15.00 million with a par value of 0.25 per share. In the same context, the general assembly of Tamkeen Insurance Company TPIC approved, it its meeting on 29/04/2025, distributing 4% cash dividends for the year 2024, to record dividends yield of 1.83% based on the price on the entitlement date. It also approved distributing 3% stocks dividends for the year 2024, to raise the paid-up capital from $13.10 million to $13.50 million.
On the other hand, the general assembly of the Vegetable Oil Industries VOIC approved, in its meeting on 27/04/2025, distributing 30% cash dividends for the year 2024, to record dividends yield of 4.48% based on the price on the entitlement date. In the same context, the general assembly of Jerusalem Pharmaceuticals approved, in its meeting on 29/04/2025, distributing 8% cash dividends for the year 2024, to record dividends yield of 2.13% based on the price on the entitlement date. Also, the general assembly of Palestine Poultry Company AZIZA approved, in its meeting on 29/04/2025, distributing 25% cash dividends for the year 2024, to record dividends yield of 8.04% based on the price on the entitlement date.
Regarding the significant news of this week, the Q1 2025 financial data disclosures of the listed companies started to follow. Where Wataniya Palestine Mobile Telecommunications OOREDOO was the first to disclose its Q1 2025 financial data, noting posting net income of $3.39 million in Q1 2025 compared to $3.18 million in Q1 2024. This came due to not recording any impairment losses in Q1 2025, compared to recording $0.97 million impairment losses in Q1 2024. Based on the disclosed figures, OOREDOO records book value of $0.56, and P/BV of 1.23x. However, regarding raising dividends for the shareholders for the year 2024, the board of directors of the National Aluminum & Profile Company NAPCO proposed to the general assembly, which will be holding a meeting on 14/05/2025, distributing 27.27% stocks dividends for the year 2024, to raise the paid-up capital from JD11.00 million to JD14.00 million.
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