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A community movement for a local economic plan

2015-02-26

Sahem Weekly Trading Report [22-26/02/ [2015

The community movement at the level of the Palestinian economy is one of the most essential features of the current period. The draft of the economic plan of the private sector with its different institutions is currently discussed and aims to gear the national economy that is obstructed by the economic dependency to Israel. This plan is focused on emancipating this dependency, in addition to supporting the national products and decreasing the income taxes. On the other hand, all parties rely on creating tools to activate this plan on all aspects to attain the expected results in what they pour of enhancing the economy and increasing the GDP. In addition to what may benefit the community from this plan and increase the investments, Palestine Stock Exchange PEX- the most essential investment portal- may also benefit from this plan. While, the income tax reduction proposal on the companies has the most effect in enhancing the investment activity.

The plan involves amending the income tax brackets of the individuals, and imposes 15% taxes on the taxable income of the legal entities (companies) instead of 20%, but excludes the telecommunications companies and any other monopolistic companies. In this context, the proposed amendment will positively enhance the return on investment of the PEX’s listed companies, whereby, the income tax expense of the companies is directly correlated with the amount of dividends distribution for shareholders. In this matter, the PEX maintains a feasible average yield compared to the other regional stock exchanges, and this proposal will enrich its competitive advantage in terms of rewarding investment; especially compared to the relative high investment costs. Moreover, the tax expense is correlated to the companies’ plans, strategic growth and operation expansion. Lowering the imposed taxes will have a direct impact on the decision of redirecting the retained earnings towards expansion and investment diversification in order to achieve the optimum returns to shareholders.

Regarding the week’s trading in the PEX, the transactions were scarce in liquidity. Despite the end of the legal disclosing period that was generally characterized with “figures under control despite the uncontrolled obstacles”, but the investors’ appetite is still under the liquidity’s domination that lacks the momentum. It cannot be hidden from the observer that the PEX needs foreign and institutional liquidity with diversified investment targets, to overpass prices and psychological barriers. Al-Quds Index has traded around the 500-point level for a period of time, lacking the direction compass due to a lack in the liquidity momentum. The haunt of liquidity has dominated the stock market, investors and capital market’s elements for several years, which in turn makes any new liquidity flow into the market a target and opportunity to close investment positions by a category of traders that consider this flow as temporary.

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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