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The blue-chips above their equivalent prices and a momentum in the significant news

2022-05-19

 Sahem Weekly Trading Report (15-19)-05-2022

In this week and with the completion of holding the general assembly meetings of the blue-chips with highest market capitalization and circulation in the market, Al-Quds Index witnessed an increase of 2.68% than the previous week after trading in a relatively wide range, to close at 637.89 points. This mainly came due to the increase in the blue-chips’ prices that approved distributing dividends for the year 2021 above their equivalent prices after the distribution, which mainly several transactions were executed on. On another hand, the anticipation increases among all investors to capture the best opportunities to build investment positions in Palestine Stock Exchange PEX.

Regarding the Q1 2022 financial data disclosures of the blue-chips, the Arab Palestinian Investment Company APIC disclosed posting net income attributable to the shareholders of the parent company of $9.92 million in Q1 2022 compared to $7.16 million in the same period a year earlier. This mainly came due to an increase in the gross profits from sales and services by 22.99%, in addition to recording other revenues of $1.74 million in Q1 2022 compared to other losses in Q1 2021. Regarding the disclosed figures, APIC posts net income of $1.64, and P/BV of 2.30x. Also, Bank of Palestine BOP announced posting net income attributable to the shareholders of the parent company of $15.71 million in Q1 2022, compared to $10.08 million in Q1 2021. This mainly came due to an increase in net interests, commissions, investing and financing income by 15.80%, in addition to reducing the provision of expected credit losses by 20.33%. Regarding the disclosed figures, BOP posts net income of $2.08, and P/BV of 0.99x.

Regarding the significant news and following the extraordinary general assembly meeting decision of Palestine Telecommunications PALTEL on 22/03/2022 regarding granting one share in the new established company (Arkan Real Estate Company) for each owned share in PALTEL till 28/06/2022 (the entitlement date), the paid-up capital of the new company ( Arkan Real Estate Company) will be 131,625,000 shares/$1 par value per share with book value of around $358 million according to the audited financial data of 2021. After taking all approvals from Palestine Capital Market Authority, trading on PALTEL will be halted for two working days (29-30)/06/2022, while will be resumed on 03/07/2022 and on the same date, trading will start on Arkan Real Estate Company. A prospectus for Arkan Real Estate Company will be issued on 29/05/2022, one month before the entitlement date.


 

2022-05-19
The blue-chips above their equivalent prices and a momentum in the significant news

2022-05-17
AQARIYA posts net income of $0.16 million in Q1 2022

2022-05-17
JCC posts net income of JD0.71 million in Q1 2022

2022-05-16
PIBC approves distributing 5% cash dividends for the year 2021

2022-05-16
JREI posts net income of $0.001 million in Q1 2022

2022-05-16
NCI posts net income of $0.28 million in Q1 2022

2022-05-16
BOP posts net income of $17.59 million in Q1 2022

2022-05-16
OOREDOO posts net income of $3.91 million in Q1 2022

2022-05-16
QUDS posts net income of $5.01 million in Q1 2022

2022-05-16
AHC realizes net loss of JD0.30 million in Q1 2022

2022-05-16
TPIC posts net income of $0.54 million in Q1 2022

2022-05-16
TRUST posts net income of $1.00 million in Q1 2022

2022-05-16
PIBC posts net income of $1.75 million in Q1 2022

2022-05-16
PEC posts net income of $1.76 million in Q1 2022

2022-05-16
AIB posts net income of $3.61 million in Q1 2022

2022-05-16
TNB approves distributing 8.13% stocks dividends for the year 2021

2022-05-15
JPH posts net income of $1.29 million in Q1 2022

2022-05-15
WASSEL posts net income of $0.23 million in Q1 2022

2022-05-15
NSC posts net income of JD0.47 million in Q1 2022

2022-05-15
ISBK posts net income of $3.36 million in Q1 2022

2022-05-15
BPC posts net income of $3.07 million in Q1 2022

2022-05-15
TIC posts net income of $0.62 million in Q1 2022

2022-05-15
ARAB reports net income of JD0.02 million in Q1 2022

2022-05-15
ELECTRODE realizes net loss of JD0.02 million in Q1 2022

2022-05-15
BJP posts net income of JD0.38 million in Q1 2022

2022-05-15
UCI posts net income of $0.12 million in Q1 2022

2022-05-15
NIC posts net income of $0.73 million in Q1 2022

2022-05-15
GUI posts net income of $0.76 million in Q1 2022

2022-05-15
PID realizes net loss of JD0.32 million in Q1 2022

2022-05-15
LADAEN posts net income of JD0.02 million in Q1 2022

2022-05-15
RSR posts net income of JD0.02 million in Q1 2022

2022-05-15
PIIC posts net income of JD2.29 million in Q1 2022

2022-05-15
TNB posts net income of $2.77 million in Q1 2022

2022-05-15
AZIZA records net income of JD1.38 million in Q1 2022

2022-05-15
VOIC posts net income for JD1.92 million in Q1 2022

2022-05-15
ABRAJ posts net income of $0.08 million in Q1 2022

2022-05-15
PRICO posts net income of JD0.13 million in Q1 2022

2022-05-15
NAPCO posts net income of JD0.10 million in Q1 2022

2022-05-15
APIC reports net income of $11.14 million in Q1 2022

2022-05-12
Al-Quds Index in the green zone and a momentum in the significant news

2022-05-11
PADICO posts net income of $7.95 million in Q1 2022

2022-05-11
PALTEL posts net income of JD17.87 million in Q1 2022

2022-05-10
PICO approves distributing 23.50% cash dividends for 2021

2022-05-09
APIC approves distributing 6.67% stock dividends and 10.48% cash dividends for 2021

2022-05-09
APC records net income of JD0.26 million in Q1 2022

2022-05-09
SANAD will discuss decreasing its capital and then increasing it again after amortizing the accumulated losses

2022-05-05
PIBC proposes distributing 5% cash dividends for 2021

 

 

 
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