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Al-Quds Index in fluctuations amid anticipations of the returns

2016-03-17

Sahem Weekly Trading Report (13-17)-03-2016

Amid significant variation in the trading value and volume during this week and the previous one, the limited fluctuations dominated the performance of Al-Quds Index during the trading sessions, to end the week with slight negative change, due to a balancing in the percentage change of the blue-chips with the effective weights in the Index, amid a diversity in the dividends distribution trends of these companies with the approaching holding of the general assembly meetings. This relative coherent performance of Palestine Stock Exchange PEX is supported by the market performance of each company based on the disclosed financial indicators for the year 2015, and motivated by the cheapness of the prevailing prices compared to the book values and attractive market indicators; to increase the fact of the feasibility of investment in the PEX, especially with the financial returns that will be achieved with the increase in the companies’ dividends distribution proposals. The capital gains – despite the speculative movements from time to time- are still focused on due to the exceptional conditions of the Palestinian economic and investment environments which are ruled by political causes that may result in fated developments in general.

Regarding the dividends’ proposals, the board of directors of Palestine Poultry Company AZIZA- which is owned by Palestine Industrial Investment Company PIIC; the investment arm of Palestine Development and Investment Company PADICO in the industry sector- proposed to the general assembly distributing 15% cash dividends for its shareholders, to record dividends yield of 5.79%. Within the significant news of the strategic policy of the companies, the Arab Palestinian Investment Company APIC announced that one of its subsidiaries -Siniora Food Industries- is planning to acquire Diamond Meat Processing Company (Al-Masa) in UAE. It is worth mentioning that APIC owns a stake of 61.18% in Siniora, whereby, the company noted in a press release that this acquiring will strengthen its subsidiary’s position in the Gulf countries and its total revenues and profits, which in turn will be positively reflected on APIC’s stock.

Regarding the market, Palestine Telecommunications PALTEL constituted around 24.65% from the PEX’s total trading value of the week, to close at the level of JD5.58; slightly down by 0.36% after trading in a narrow price range. This follows the approaching holding of the general assembly meeting at the end of March to approve distributing 45% cash dividends. The stock of the Arab Islamic Bank AIB followed, to secondly top the PEX in terms of activity by 21.13%. On the other hand, AIB’s stock stabilized at the level of $1.50 without any change than the previous week. The stock of Palestine Commercial Bank PCB followed when its transactions constituted 19.40% from PEX’s total trading value, to accordingly decline significantly by 4.26% and close at the level of $0.90.

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
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