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Substantial disclosures amid lack of general factors

2015-04-23

 

Sahem Weekly Trading Report [19-23/04/ [2015

 

Amid a medium liquidity circulation that stems from the routine investment positions changing during holding the general assembly meetings period, Al-Quds Index cohesively performed this week as the previous weeks; trading in a relatively narrow price range to maintain levels higher than an essential support level to the observers. Within the price trends variation of the leading stocks despite their weakness, companies with the heaviest weight in the Index outweigh the determination of Al-Quds Index trend every week.  This week, the leading stocks closed in the green zone with varying gains compared to losses for the lower weighted stocks, whereby accordingly Al-Quds Index closed at the level of 484.21 points; slightly up by 0.51%. On another hand, the first quarter disclosures blend with the dividends distribution decisions for the previous year; adding to the investors’ anticipation another degree of caution and accuracy parallel to the lack of general political factors.

Within the general assembly GA meetings’ decisions for this week, the GA of Palestine Islamic Bank ISBK approved distributing 8.5% cash dividends for the year 2014 , to record dividends yield of 6.80%. Moreover, the GA of Trust International Insurance Company TRUST approved distributing 10% cash dividends for the year 2014, to record dividends yield of 3.72%. Regarding the subsidiaries of Padico Holding, the GA of Palestine Industrial Investment Company PIIC- the investment arm of Padico Holding in the industry sector- approved distributing 10% cash dividends for the year 2014, to record dividends yield of 5.13%. Furthermore, the GA of Palestine Poultry Company AZIZA approved distributing 12% cash dividends for the year 2014, to record dividends yield of 4.29%. While, the GA of the Vegetable Oil Industries Company VOIC approved distributing 50% cash dividends for the year 2015, to record dividends yield of 5.92%.

Regarding the Q1 2015 financial data disclosures, the disclosures pace has increased during this week, while, the last week of April will witness a disclosure momentum. Within the disclosures, Palestine Electric Company PEC noted posting net income of $1.83 million in Q1 2015; down by 42.27% than the same period of 2014. This followed a significant decrease of 31.40% in the capacity charges revenues from the use of the power plant. Moreover, Palestine Investment Bank PIBC announced recording net income of $0.17 million in Q1 2015; down by 79.80% than Q1 2014 due to a decrease in the net income and commissions and an increase in the general and administrative expenses. In the insurance sector, Al-Takaful Insurance Company TIC noted posting 80.10% increase in its net income in Q1 2015, to record $0.88 million, compared to $0.49 million in Q1 2014. This increase came due to an increase in Al-Takaful operating profits by 88%. On the other hand, the National Insurance Company NIC disclosed posting a decrease of 47.90% in its Q1 2015 net income, to hit $0.66 million compared to $1.26 million in the corresponding period of 2014. This decrease followed an increase in the incurred claims of the company.

 

 


 

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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