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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.

 

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

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MIC posts net income of $0.56 million in Q1 2020

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TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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