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Al-Quds index declines amid variation in financial performance

2015-10-29

Weekly Trading Report [25-29/10/ [2015

Following the new resistance levels and some movements to overcome the gains recorded by some stocks, Al-Quds Index couldn’t further increase in this week, in conjunction with the variation in the disclosed financial data. The index lost several points; 1.03% down compared to the previous week. In terms of liquidity, the trading movement relatively slowed parallel to the disclosures anticipation especially for the leading companies, in addition to the general anticipation for the situation in the Palestinian Territories and its association to the political horizon that dominates scarceness in liquidity. However, the financial data disclosures accelerated this week with the approaching end of the legal period granted by law for these disclosures.

In terms of financial data, Palestine Telecommunications PALTEL – the largest company by market capitalization- reported a net income of JD63.93 in 9M 2015; down by 1.97% compared to 9M 2014. The decline came within a drop in the company’s revenues through the continuous negative impact of the change in the currency exchange rate. Also, the company was affected by the decline in investment gains due to a drop of dividends pay-out and stocks’ prices. While, recording other non-operating revenues have relatively rebalanced the income statement. On the other hand, Wataniya Palestine Mobile Telecommunication Company WATANIYA noted realizing net loss of $8.33 million in 9M 2015; to decrease its loss by 21.88% compared to the corresponding period of 2014. This followed recording similar gross margins in the two periods parallel to lowering depreciation and amortization expenses. In the disclosures too, the financial data of the Arab Palestinian Investment Company APIC noted posting net income attributable to the shareholders’ of the parent company of $5.06 million in the first nine months of 2015, compare to net income of $7.10 million in the corresponding period of 2014; down by 28.67%. This came due to a decrease in both the operational profit and non-operating income.

In terms of the distinguished banking data, the National Bank TNB announced recording net income of $4.33 million; up by 18.41% than the same period of 2014. This growth followed the increase in net interest and commissions’ income in addition to an increase in the foreign currency exchange revenues. On another hand, Palestine Islamic Bank ISBK disclosed reporting net income of $7.66 million in 9M 2015; up by 46.39% than the corresponding period of 2014. This was also attributable to the increase in the bank’s stake from financing and investment income, in addition to significantly recording unnecessary taxes provisions’ recovery. In anticipation to the financial data of the leading companies and Palestine Development and Investment Company PADICO, Palestine Industrial Investment Company PIIC- the investment arm of PADICO in the industry sector, disclosed posting net income attributable to the shareholders of the parent company of JD3.00 million; up by 2.61% than the corresponding period of 2014 due to a significant increase in sales. Moreover, Palestine Real Estate Investment Company PRICO – the investment arm of PADICO in the real estate sector- noted recording net income attributable to the shareholders of the parent company of JD1.94 million in 9M 2015 compared to net loss in the corresponding period of 2014. This followed a sharp increase in the operating revenues due to the revenues recorded from selling properties.

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

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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