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Several anticipation with the approaching end of Q1 2025

2025-03-13

Sahem weekly trading report (09-13)-03-2025

Within a week of slow and quiet movements that lacked any momentum in the general or individual performance, Al-Quds Index traded in a relatively narrow range, closing in the red zone. This came despite the continuous acceleration of the listed companies’ announcements regarding distributing dividends to the shareholders for the year 2024, in addition to the decline in the general incentives. However, the anticipation increases for the annual financial data disclosures of the banking sector which ends on 15/03/2025. While with the approaching end of Q1 2025, the coming period will witness new anticipation with the start of listed companies to disclose their quarterly financial and operational results, to charge some optimism for that could appear as new liquidity activity.

Regarding the announcements of the listed companies to distribute dividends for the shareholders for the year 2024. The board of directors of the Vegetable Oil Industries VOIC proposed to the general assembly, which will be holding a meeting in the second half of April 2025, distributing 30% cash dividends for the year 2024, to record dividends yield of 4.00% based on the current market price. Regarding the dividends approvals for the year 2024, the general assembly of the Arab Company for Paints Products APC approved in its meeting on 09/03/2025, distributing 40% cash dividends for the shareholders for the year 2024, to record dividends yield of 5.52% based on the price on the entitlement date.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, due to the ongoing ceasefire in Gaza Strip for the second month, consumer price index in Gaza Strip declined, recording a decrease of 33.29% during February 2025 compared to January 2025, while the index recorded an increase in Jerusalem by 0.50%, and slightly increased by 0.06% in the West Bank, as a result of these changes CPI in Palestine decreased by 14.08%.The Palestinian CPI during February 2025 decreased by 2.51% compared with February 2024 (8.01% in Gaza Strip. While, the CPI increased by 1.73% in Jerusalem, and by 0.20% in the West Bank).