Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Blue Chips are back to top trading values

2016-02-04

Weekly Trading Report [31/01-04/02/ [2016

The daily average trading value increased significantly during this week compared to the corresponding few previous weeks. Despite the unchanging in the investors’ anticipation drivers so far, but executing some high-volume transactions in the market, which in turn raised the value, may be related to repositioning reasons on specific stocks and sectors during the dividends distribution announcements period. In terms of prices, the total balancing of the stocks included in Al-Quds Index supported the cohesion of the index and its trading in a little wider range. Whereby, despite the price stability for some stocks with heavy weights, some stocks with small and medium market capitalizations and low weights contributed in closing the index in the green zone after recording good gains.

Some of the important news this week is the start of announcing the dividends distribution proposals for the year 2015 in parallel to approving the annual financial data. The disclosure of the National Bank TNB was the most attention dragging this week, whereby it proposed to the general assembly GA distributing 5% cash dividends for its shareholders; the first time to distribute dividends since the bank’s establishment in 2005. This came in parallel to the bank’s succeeding in increasing its financial performance with more than 100%, which accordingly, TNB will rely on systematic policy to ensure stability in the dividends distribution percentages in the coming years based on the financial indicators. According to the proposal, TNB records dividends yield of 3.45%.

In the same context, the board of directors BOD of the Arab Company for Paints Products APC raised a recommendation to the GA, which will be holding a meeting on 15/02/2016, to distributing 50% cash dividends and record dividends yield of 11.11% and payout ratio of 71.43% from the earnings per share EPS of 2015. Moreover, APC disclosed achieving net income of JD1.06 million at the end of 2015; up by 78.54% than the year 2014 in parallel to a sharp growth in the company’s sales and what followed of an increase in gross income. Furthermore, the BOD of the National Insurance Company NIC proposed to the GA, which will be holding a meeting on 31/03/2016, distributing 12.50% cash dividends for the year 2015, to record dividends yield of 4.39%.  While NIC hasn’t disclosed its financial data for the year 2015 yet to determine the reasons of the decrease in the dividends distribution percentage compared to the previous year.

 

Regarding the trading, the stock of Bank of Palestine BOP topped Palestine Stock Exchange PEX by 39.49% after executing cross deal, whereby, the seller is a member of the bank’s BOD. The stock of Palestine Development and Investment Company PADICO followed when its transactions contributed for 29.98% from total PEX’s trading value.  This resulted from executing cross transaction in the last trading session of the week between the major shareholders and other related parties. While, the stock of Palestine Telecommunications PALTEL followed when its transactions contributed for 21.59% from PEX’s total trading value. And finally, the stock of Palestine Commercial Bank PCB followed with contribution of 6.79%.

 


 

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

 

 

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