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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.

 

 


 

2017-08-17
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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