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Political anticipation amid dividends recommendations

2015-03-12

Sahem Weekly Trading Report 12/03/2015-09 

The trading pace of Palestine Stock Exchange PEX has not changed this week, whereby; the price movements have not witnessed glamorous performance for the index or any of the leading companies.  The liquidity indicators continued in low rates and Al-Quds Index has continued its fluctuations slightly above the 500-point level, within the heavy-weighted stocks’ attempts to record new price levels. This comes within a phase that is articulated- not routinely- that dominates the investors and the Palestinian investment environment, especially the PEX. Where, the Palestinians await the Israeli Knesset’s elections next week; which one of the potential consequences may be a radical change that can spell some hope for the issues related to the Palestinian cause.  

On the other hand, the boards of directors of the listed companies continue to raise their recommendations to distribute dividends for the year 2014 and schedule the dates for holding the general assembly GA meetings to approve these recommendations. In this context, the BOD of Palestine Development and Investment Company PADICO proposed to the GA that will be holding a meeting in the mid of May, distributing 5% cash dividends, to record a payout ratio of 62.50% based on the net income attributable to the shareholders of the parent company, and dividends yield of 3.87% according to the current market price. Moreover, Palestine Industrial Investment Company PIIC- PADICO’s subsidiary and investment arm in the industry sector- raised a recommendation to the GA that will hold a meeting during the 2nd half of April, to distribute 10% cash dividends for the year 2014, to record a dividends yield of 5.21% based on the current market price.

Moreover, the BOD of the National Carton Industry Company NCI recommended to the GA that will be holding a meeting on 23/04/2015 distributing 8% cash dividends, to record dividends yield of 7.69%. On the other hand, the BOD of Trust International Insurance Company TRSUT recommended distributing 10% cash dividends for the year 2014, to the GA that will be holding a meeting on 21/04/2015. In this context, four companies out of seven listed companies in the insurance sector raised dividends distributing recommendations for the year 2014. Furthermore, the BOD of the Arab Islamic Bank AIB proposed distributing 8% cash dividends for the year 2014; to be the 2nd bank that announces its dividends distribution recommendations.

 

 

 


 

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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