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Growing recommendations for companies’ dividends distribution

2015-03-05

Sahem Weekly Trading Report [01-05/03/[2015

Despite its slight decline below the 500-points level at the end of the last week, Al-Quds Index didn’t drop below its previous week closing that was taken as a base, to trade above this physiological level within coherent price movements, in spite of the continuous lack of liquidity. Both stocks of Palestine Telecommunications PALTEL and Palestine Development and Investment Company PADICO constituted the leverage for the gains recorded by Al Quds Index this week and staying in the green zone due to their positive price movements. In terms of liquidity, the National Bank TNB topped Palestine Stock Exchange PEX in terms of trading value; constituting 56.63% of the total trading value. This followed completing the transactions of selling a part of the major shareholders’ stakes in TNB to the Jordanian Bank Al-Etihad, based on the agreement of acquiring the portfolio of the Palestinian branch of Bank Al-Etihad by TNB. Thereby Bank El-Etihad’s stake reaches 7.5 million shares in TNB’s paid- up capital (10% of the paid-up capital). It is worth mentioning that the trading volume of the institutional transactions reached 3.47 million, while, the remaining shares were completed from the unsubscribed shares of the latest secondary subscription by the bank during October 2014, in which, 25 million shares were subscribed to the bank’s shareholders. 

Within this period and following disclosing the preliminary annual financial data of the listed companies, the dividends distributions announcements for the year 2014 accelerated. In this context, the board of directors BOD of Palestine Islamic Bank ISBK recommended distributing 8.50% cash dividends to the general assembly GA that will be holding a meeting on 21/04/2015. ISBK is the first bank to propose dividends distribution.  Moreover, the industry sector witnessed the highest pace in this regard, whereby, four companies proposed distributing dividends, while, one company out of twelve approved distributing cash dividends for the year 2014. In this sector, Birzeit Pharmaceuticals Company BPC proposed distributing 17% cash dividends.  Al-Shark Electrode Company ELECTRODE also recommended distributing 11.50% cash dividends. Moreover, Jerusalem Pharmaceuticals Company JPH recommended distributing 7% cash dividends and the Vegetable Oil Industries Company VOIC proposed 50% cash dividends. On the other hand, the Arab Company for Paint Products APC approved distributing 40% cash dividends foe its shareholders as for 15/02/2015.

Furthermore, three companies out of seven in the insurance sector raised their recommendations regarding the dividends distribution. The BOD of Global United Insurance Company GUI recommended distributing 5% cash dividends for the year 2014. Moreover, the BOD of the National Insurance Company NIC and Al-Takaful Insurance Company TIC recommended distributing 15% cash dividends. One listed company in the services sector till this moment has recommended distributing cash dividends. Palestine Telecommunications PALTEL has recommended distributing 45% cash dividends to the GA that will be holding a meeting on 24/03/2015. None of the listed investment sector companies has raised any dividends distribution recommendation. The investors are anticipating the BOD meeting on Palestine Development and Investment Company PADICO that will take place on 10/03/2015.

 

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

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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