Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

An acceleration in the quarterly disclosures’ pace amid cohesion in the PEX

2015-04-30

Sahem Wekkly Trading Report (26-29)-04-2015

Amid a four-trading sessions’ week in Palestine Stock Exchange PEX, Al-Quds Index continued its coherent performance that is leaning to slightly rise or decline, amid medium liquidity controlled by one of the leading stocks every time. During the week, the heavy weighted stocks traded in a narrow price range; while, the widening in the price movements and achieving significant gains for the lower-weighted stocks in the Index led Al-Quds Index to continuously close in the relative stability zone. Within the liquidity indicators, the leading companies that are holding their general assembly GA meetings exchange roles in topping the PEX’s trading value when their stocks enter the routine period of trading between the pre-entitlement and ex-dividends.

Regarding the leading companies’ disclosures at the end of the week, Palestine Telecommunications Company PALTEL noted posting net income after tax of JD22.22 in Q1 2015; down by 14.45% than Q1 2014. This decline was attributable to a decrease in both of operating revenues due to the currency exchange fluctuations and the investments profits following the decline in the cash dividends distribution for some of PALTEL’s investments in addition to a decline in the prices of some stocks in the PEX. Based on the disclosed financial data and after the approval to distribute 45% cash dividends for the year 2014, PALTEL recorded a book value of JD3.62 and P/BV ratio of 1.44x.

Moreover, Palestine Development and Investment Company PADICO noted posting a decline in its net income attributable to the shareholders of the parent company by 19.81%, when reached $5.78 million in Q1 2015. This followed the variation in the profitability of subsidiaries and affiliates, whereby, the investment arm of PADICO in the real estate sector achieved an increase in its net income due to an increase in the sales of Al-Ghadir Residential project. On the other hand, a witnessing decline in both PADICO’s arm in the industry sector which reported a lower income due to a decline in the poultry products prices and the investment arm of PAIDCO in the tourism sector giving its sensitivity to the political and economic issues. Whereby PADICO recorded a BV of $1.75 and P/BV of 0.73x. It is worth mentioning that the company hasn’t distributed the recommended cash dividends yet, whereby, the general assembly of the company will be holding a meeting on 18/05/2015 to discuss the recommendation of distributing 5% cash dividends for the year 2014, a dividend yield of 3.94%.

At the end of the previous week, Bank of Palestine BOP held its GA meeting and approved distributing 12% cash dividends and 9.375% stocks dividends, to raise the bank’s paid-up capital to $175 million. Moreover, BOP disclosed its Q1 2015 financial data, noting recording net income after tax of $9.99 million; up by 4.46% than the corresponding period of 2014. This was attributable to an increase in gross profits that dominated the growth in operating expenses and impairment provision of direct credit facilities. On the other hand, the Arab Palestinian Investment Company APIC disclosed posting net income attributable to the shareholders of the parent company of $1.79 million; down by 24.62% due to a decrease in net sales and recording a slight non-operating loss. According to the data, APIC records a BV of $1.32 and P/BV of 0.83x. It is worth mentioning that the BV doesn’t include the approved decision of distributing dividends for the year 2014 that includes distributing 7.5% cash dividends, to record dividends yield of 6.88%.

 


 

2017-08-22
RSR reports net income of JD0.22 million in H1 2017

2017-08-22
AHC realizes net loss of JD0.86 million in H1 2017

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

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013