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2025-05-22
Sahem weekly trading report (18-22)-05-2025
In this week, Al-Quds Index continued to increase after trading in a relatively wide range, closing at the level of 530.98 points; up by 4.79% than the previous week. This came due to the increase in the prices of blue-chips with heaviest weights and effects on Al-Quds Index. While trading was active on the leading stocks as well, to raise the trading value to a relatively medium range. On the other hand, the listed companies continued to hold their general assembly meetings to approve dividends distribution for the year 2024.
Regarding the Q1 2025 financial and operational data disclosures for the blue-chips, the leading company- the Arab Palestinian Investment Company APIC- disclosed realizing net loss attributable to the shareholders of the parent company of $0.32 million in Q1 2025 compared to $1.55 million in Q1 2024. This came due to the decrease in the services revenues, and an increase in the company’s expenses, in addition to recording other losses instead of other revenues in the corresponding period of 2024. Based on the disclosed figures, APIC posts book value BV of $1.40. In the same context, Bank of Palestine BOP disclosed posting net income attributable to the shareholders of the parent company of $18.75 million in Q1 2025, compared to $11.71 million in Q1 2024. This came due to an increase in the bank’s revenues, in addition to recording profits from the exchange rates, and a decline in the bank’s provisions. Based on the disclosed figures, BOP records BV of $2.02.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, exports increased in March, 2025 by 5% compared to March, 2024 and reached $129.1 million. Also, imports increased in March, 2025 by 19% compared to March, 2024 and reached $620.6 million. While the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 23% in March, 2025 compared to March, 2024 and reached $491.5 million. However, regarding the dividends distribution approval for the year 2024, the general assembly of Palestine Insurance Company PICO approved in its meeting on 19/05/2025, distributing 4.44% cash dividends for the year 2024, to record dividends yield of 1.26% based on the price on the entitlement date. It also approved distributing 22.22% stocks dividends for the year 2024, to raise the paid-up capital from $9.00 million to $11.00 million.
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