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Al-Quds index standstills amid anticipation elements’ overlapping

2016-04-14

Sahem Weekly Trading Report (10-14)-04-2016

With the continuous holding of GA meetings for the listed companies in order to close the previous fiscal year and approve the dividends distribution, the calmness pace accelerates in terms of liquidity on one hand and price movements in Palestine Stock Exchange PEX on another hand. With the mid of this month, the other half of April is on the radar to start reporting first quarterly financial data disclosures, thereby, the conservative behavior of investors in the market was reinforced due to the overlapping of the elements causing the anticipation and driving the prudence prior to taking any investment or liquidation decision. Monitoring the financial yield mainly constitutes the largest spot in any investor’s philosophy in the market, whereby, taking any decision in this period is difficult due to the expensive opportunity cost. Distributing dividends on one hand and prospects of increase in stock price due to the accumulation of operating revenues over the quarters of the year on another hand are always parallel motives prior to the investment decision.

In terms of dividends distribution of this year, the GA of Global United Insurance Company GUI approve on its meeting distributing 5% cash dividends for its shareholders as for 11/04/2016, to record payout ratio of 55.56% for the year 2015 and dividends yield of 3.03% . Moreover, the GA of the National Bank TNB approved, on its meeting on 14/04/2016, distributing 5% cash dividends, to record payout ratio of 68.49% for the year 2015 and dividends yield of 3.57%. On the other hand, the board of directors BOD of Al-Quds Bank QUDS proposed, to the GA which will be holding a meeting on 03/05/2016, distributing 11% stocks dividends, to raise the paid-up capital from $55 million to $61.05 million.

As for significant news of the listed companies, the Vegetable Oil Industries VOIC disclosed its Q1 2016; to be the first to disclose its financial data. VOIC noted posting JD0.95 million in Q1 2016; up by 18.47% than the corresponding period of 2015. This increase came due to the increase in the company’s stake of its subsidiaries’ profits and the growth in the operating profits, the available for sale assets and the profits from the foreign exchange currencies. It is good to note that the company will hold GA meeting on 27/04/2016 to discuss distributing 50% cash dividends, to record dividends yield of 5.13% and payout ratio of 37.31%.  On the other hand, The bonds-holder general assembly of Palestine Commercial Bank PCB, approved on its meeting on 12/04/2016, cancelling, liquidating and paying the full value of the bonds issued by the bank which equal 10 thousands bonds worth $10 million, with paying the interests only till 13/07/2016 after taking the approval of the extraordinary general assembly of PCB. This came after Bank of Palestine BOP approved the merger with PCB in its extraordinary GA meeting at the end of March.

 


 

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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