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Al-Quds Index contrasts the general state on companies’ intrinsic drivers and approaches the 500pts

2015-10-22

Weekly Trading Report [18-22/10/ [2015

Within significant gains for Al-Quds Index, substantial news on some listed companies was the main leverage for the increase this week, without paying attention to the continuous security escalation in the Palestinian Territories. Whereby, Al-Quds Index contrasted the current general situation, which in turn is difficult to predict its impacts. During the week, some stocks continued to record gains after interacting positively with the released news in the current month that may affect their operating results in the medium and long run. However, the disclosed financial results during the week also created a momentum on some stocks. Whereas, the disclosed financial data, further motivated the hike in prices after developing a clearer vision for the expected annual return; especially with the fundamental positive changes in the net income of 9M 2015 for some companies.

In terms of disclosures’ momentum, the announcement of Palestine Electric Company PEC dragged the most attention this week. PEC noted posting net income of $9.87 million in 9M 2015; significantly up by 630% than the corresponding period of 2014. This growth followed the increase in operating income by 58%, in addition to not incurring any extraordinary losses like the year 2014. It is worth mentioning that the company didn’t distribute any dividends for the year 2014 after reporting weak profits due to the Israeli aggression on its power plant in Gaza Strip, which led to a decrease in the monthly bill in addition to incurring repair expenses after the unplanned damages. According to the disclosure, PEC records a book value of $1.46. While accordingly, the stock recorded price gains of 9.71%, to close at the level of $1.13 and record P/BV of 0.77x.

 

In the blue-chips disclosures, Bank of Palestine BOP- the largest bank by market capitalization- announced posting net income of $33.31 million in 9M 2015; up by 20.46% than 9M 2014. This growth followed an increase in gross income by 20.61% due to noticeable increases both of net interest and commissions’ income and gains from foreign exchange currencies. Accordingly, BOP records BV of $1.68. And the share closed at the level of $2.58; up by 2.79% and recording P/BV of 1.54x. In the same context of the attention dragging announcements, the financial data of the Vegetable Oil Industries Company VOIC showed posting a net income of JD4.30 million in 9M 2015; up by 9.06% than the corresponding period of 2014. This growth came after an increase in the company’s stake of its affiliates’ profits and a decrease in the loss from exchanging foreign currencies despite the decrease in the operating income. VOIC records BV of JD5.54 and P/BV of 1.56x.

 

 


 

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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