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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.

 

 

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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