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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%.

 

 


 

2021-06-17
Al-Quds Index ends the week in the green zone and the institutional transactions raise the trading value

2021-06-13
SANAD posts net income of $0.15 million in Q1 2021

2021-06-13
PEC records net income of $3.22 million in Q1 2021

2021-06-10
The PEX records average PE of 12.1x and average P/BV of 1.21x in Q1 2021

2021-06-06
The share of Tamkeen Palestinian Insurance Company closes at $1.63 in its first trading session

2021-06-03
Al-Quds Index records significant increase than its closing at the end of 2020

2021-06-02
LADAEN posts net income of JD0.01 million in Q1 2021

2021-06-02
PIBC posts net income of $0.08 million in Q1 2021

2021-06-01
Listing and start of trading on the stocks of Tamkeen Insurance

2021-06-01
PIIC posts net income of JD1.27 million in Q1 2021

2021-06-01
NIC posts net income of $1.09 million in Q1 2021

2021-06-01
NCI posts net income of $0.38 million in Q1 2021

2021-06-01
PADICO posts net income of $6.68 million in Q1 2021

2021-06-01
BOP posts net income of $11.34 million in Q1 2021

2021-06-01
PRICO realizes net loss of JD0.17 million in Q1 2021

2021-06-01
AHC realizes net loss of JD0.47 million in Q1 2021

2021-06-01
WASSEL posts net income of $0.08 million in Q1 2021

2021-06-01
JCC posts net income of JD0.77 million in Q1 2021

2021-06-01
QUDS posts net income of $2.44 million in Q1 2021

2021-06-01
GMC posts net income of JD0.14 million in Q1 2021

2021-06-01
OOREDOO posts net income of $2.58 million in Q1 2021

2021-06-01
BJP posts net income of JD0.26 million in Q1 2021

2021-06-01
NSC posts net income of JD0.35 million in Q1 2021

2021-06-01
ISBK posts net income of $3.46 million in Q1 2021

2021-06-01
JREI realizes net loss of $0.03 million in Q1 2021

2021-06-01
AIB posts net income of $3.22 million in Q1 2021

2021-06-01
MIC posts net income of $0.69 million in Q1 2021

2021-06-01
BPC posts net income of $0.90 million in Q1 2021

2021-06-01
PSE posts net income of $0.07 million in Q1 2021

2021-06-01
AQARIYA realizes net loss of $0.02 million in Q1 2021

2021-06-01
AQARIYA realizes net loss of $0.02 million in Q1 2021

2021-06-01
AZIZA posts net income of JD0.62 million in Q1 2021

2021-06-01
TIC posts net income of $0.56 million in Q1 2021

2021-06-01
ELECTRODE realizes net loss of JD0.02 million in Q1 2021

2021-06-01
RSR posts net income of JD1.00 million in Q1 2021

2021-06-01
GUI posts net income of $0.63 million in Q1 2021

 

 

 
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