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Al-Quds Index below the 500-point level again

2015-03-19

Sahem Weekly Trading Report (15-19)/03   2015/

Despite the acceleration of the listed companies’ announcements regarding distributing dividends to the shareholders for 2014, Al-Quds Index declined, this week, below the 500-point level; trading around the levels of the beginning of the year, following the declines in the prices of the leading stocks with the heaviest weights in the index. However, the results of the Israeli elections that maintained the right wing’s domination on the government had an effect on fading the hopes for a potential change that may have eased dealing with the Israeli-Palestinian issues. In all cases, the observer may see the control of the fact of lack of incentives with higher momentum and leverage on the companies’ dividends distribution recommendations. Whereby, Palestine Stock Exchange PEX is in need for liquidity that is supported with general sustainable  element- despite the sustainability of the investment feasibility in companies- in order to reach to other price levels and add up to the return on investment.

Within the recommendations of the blue-chips, the strategies of the three companies that weight 70% of Al-Quds Index were announced following the recommendation of Bank of Palestine BOP, in this week, to distribute 21.375% dividends for the year 2014. This slightly reduces the anticipation of the investors in the PEX in this matter, but may be directed for some other companies like the Arab Palestinian Investment Company APIC, which in turn is reporting some market indicators of leading companies despite its lower weight in the index. As for BOP’s recommendation, 12% cash dividends and 9.275% stock dividends was proposed for the year 2014, to record dividends yield of 4.44%. The proposed bonus stocks will increase BOP’s paid-up capital to $175 million.

In this context, the board of directors of Al-Quds Bank QUDS and Palestine Poultry Company AZIZA raised their recommendations regarding distributing dividends, to increase the number of companies with recommendations to 17 companies out of 48 listed companies, while, one company approved its recommendation after holding its GA meeting. In this regard, the BOD of Al-Quds Bank recommended 5% cash dividends and 10% stock dividends, to record dividends yield of 4.81%. QUDS’s paid-up capital will increase, after the bonus stocks, to $52.50 million. On the other hand, the BOD of AZIZA raised a recommendation to distribute 12% cash dividends for the year 2014, to record dividends yield of 4.29%.

 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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