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Average dividends yield in the PEX records 6.16%

2015-06-04

Weekly Trading Report [31/05-04/06/ [2015

In the middle of the year, the wave of holding the general assembly GA meetings for the listed companies in order to distribute dividends receded, while, new anticipations appear towards the mid-year financial data disclosures or the approaching of important entitlements in Palestine Stock Exchange PEX in September. What resulted from these meetings is a supporting element for what will be achieved by the PEX of being listed on international indices in the medium run, because of its effect on the investment decision making, parallel to dragging the attention of the world for the opportunities in the PEX. In this context, the average dividends yield of the listed companies reached 6.16% for the year 2014; calculated by dividing the total cash dividends distributions by the market capitalization of the companies that distributed cash dividends for the year 2014. In this way, the PEX status is strengthened on the international investment funds’ screens in terms of the investment feasibility due to the competitiveness in the attraction indicators, especially after meeting the qualities of markets criteria, including: regulatory environment, capital controls, clearing & settlement, and market transparency. Accordingly, optimism dominates for the results of the inclusion in the international indices prior to the end of the current year.

The average dividends yield for the year 2014 is higher by 3.70% than the year 2013 due to the decrease in market capitalization in the PEX by 1.85% between the two years. Accordingly, the high-market capitalization stocks constituted the highest weights in the weighted average. The individual dividends yield for each stock that distributed cash dividends ranged between 11% and less than 5%, while 13 companies out of 20 companies that distributed dividends recorded dividends yield of more than 5%. According to the PEX’s CEO, the dividends distribution and yields are rewarding despite the economics and political challenges facing Palestine that are represented by the political deadlock, Gaza war, halting the reconstruction of Gaza after the war, delaying transferring the taxes to the Palestinian Authority by Israel and the currency exchanges’ fluctuations .

On the other hand and regarding the trading in the PEX during the week, the trading indicators are still weak and lacking the momentum. Whereas, Al-Quds Index slightly decreased to close in the red zone; declining below the 480 points, parallel to slowness in executing the trading movements and high-volume transactions on some stocks.  Regarding the price trends, the decrease in Palestine Telecommunications PALTEL’s stock was the main reason for the decrease in the Index, versus an increase in the leading stocks of Palestine Development and Investment Company PADICO and Bank of Palestine BOP.

 

 


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
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