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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.

 

 


 

2017-04-30
VOIC approves distributing 60% cash dividends for the year 2016

2017-04-30
Acceleration in the quarterly disclosures’ pace and dividends distribution momentum

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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