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Al-Quds Index in the green zone amid substantial news on companies

2014-08-07

Sahem Weekly Trading Report [03-07/08[201

After deviating itself from the political and security events in the Gaza Strip within the long holiday, Palestine Stock Exchange PEX resumed a stable performance that is slat to rise of Al-Quds Index during the week. On the other hand, a momentum of price rises appeared in the mid-week session leading Al-Quds Index to record gains of 2.13% closing in the green zone within a trading value of $2.22 million. This price activity came after entering a temporary truce between the Israeli and Palestinian parties and after engaging in talks to enter a permanent truce on one hand and the approaching end of the legal period granted by the PEX to the listed companies to disclose their semi-annual financial statements on another hand. Regarding a distinguished price performance of some leading shares, Al-Quds Index has abandoned its physiological level of 500 points and has rebounded through price jumps that were enhanced by lack of depths.

Optimism towards the disclosed financial statements is the chief incentive for the investors, especially after the first quarter financial results disclosure and what followed of encouraging results amid the successive difficulties on the Palestinian economy. The achieved net income of the leading companies drags the attention and anticipation more than the other listed companies, but what has been disclosed till the end of the week nods total good figures and a coming week filled with the disclosures momentum. In the same context and following the distinguished performance of The Vegetable Oil Industries Company VOIC, the company announced reporting net income of JD2.67 million in H1 2014; up by 46.95% compared to H1 2013. This came due to the increase in sales by 42.41% that led to an increase in gross profits to 22.64% as a result of a significant increase of 45.66% in the company’s stake from its associates’ profits, to record earnings per share EPS of JD0.67 and book value BV of JD4.53 in H1 2014. Moreover, the financial results of Palestine Securities Exchange Company PSE showed posting net income of $0.31 million in H1 2014 compared to net loss in the corresponding period. This resulted from an increase in total revenues by 44.98% due to a 69.39% increase in the trading and transfer commissions which were affected by an increase of 70.22% in the trading value and trading activity in H1 2014 compared to the corresponding period of 2013. 

In parallel to the periodic financial results disclosure, substantial news about the listed companies regarding the paid up capital and its strategic plans accelerated. In this context, and according to the extraordinary general assembly GA of The National Bank TNB during May 2013 regarding increasing the authorized capital from $50 million to $75 million, the investment committee of the board of directors BOD approved covering the unpaid capital through offering shares for secondary public subscription for the bank’s shareholders with a $1 par value per share. Moreover, the Palestinian Company for Distribution & Logistics Services WASSEL held an extraordinary GA meeting during the week and approved several issues such as: converting the company’s currency from the Jordanian Dinars to the US Dollars. It also approved decreasing the company’s paid up capital to cover its accumulated losses that are worth $2.67 million. The GA, as well, approved raising the paid up capital again from $6.50 million to $13.00 million through offering shares for private subscription to the company’s shareholders according to their stakes.

 

 


 

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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