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Al-Quds Index drops on distributed stocks’ trading below equivalent prices

2016-04-21

Sahem Weekly Trading Report (17-21)-04-2016

The leading stocks with heavy weights in Al-Quds Index that distributed dividends for the year 2015 maintained the balancing in their equivalent prices after the distribution during the previous few years, but the sales offers in their depth on these stocks this week resulted in decreasing their prices below their equivalent prices. Despite the insignificant change in Palestine Stock Exchange trading volume, the decline was due to speculative offers that lack fundamental drivers and a momentum that contribute in defining a trend. In this context, the eyes of observers are dragged on the support levels of the effectible stocks in the coming period, in which these levels constitute important points in the price cycles, and important spot to build investment positions if other things were constant without any significant change.

Within monitoring the return on investment for this week, two new companies joined the companies that distributed dividends for the previous year, to raise the number of companies that approved dividends to 11 companies, while 10 companies recommended dividends distribution and haven’t held their general assembly GA meetings yet. This week, the general assembly of Palestine Islamic Bank ISBK approved, on its meeting on 18/04/2016, distributing 8.5% cash dividends, to record dividends yield of 5.67% and payout ratio of 42.29% based on the earnings per share EPS for the year 2015. On another hand, ISBK disclosed its Q1 2016 data, noting posting net income of $2.49 million; up by 21.82% in the corresponding period of 2015. This increase followed significant increase of 25.54% in the bank’s gross revenues. Moreover, Palestine Electric Company PEC approved distributing 10% cash dividends for its shareholders as for 20/04/2016, to record dividends yield of 8.40% and payout ratio of 44.05% from the EPS of 2015. Furthermore, PEC disclosed its financial data for Q1 2016, noting posting net income of $4.44 million; up by 141.82% than Q1 2015 due to a significant increase in the electric power generation revenues.

Regarding the quarterly disclosures, Palestine Industrial Investment Company PIIC – the investment arm of PADICO Holding in the industry sector and the parent company of Palestine Poultry Company AZIZA and Palestine Plastic Industries Company LADAEN- noted posting net income attributable to the shareholders of the parent company of JD1.39 million in Q1 2016; up by 912% than Q1 2015. This fiery increase followed a growth in gross profits which mainly came from an increase in the revenues of AZIZA by 35%, in addition to the revenues of Pinar Dairy Company in which its data was consolidated in PIIC’s data in Q1 2016. Within the distinguished results, Birzeit Pharmaceuticals Company BPC noted posting net income attributable to the shareholders of the parent company of JD2.29 million compared to the corresponding period of 2015 after an increase in gross profits in addition to achieving foreign exchange rates revenues.

 


 

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

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NSC posts net income of JD0.37 million at the end of 2017

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UCI records net income of $0.68 million at the end of 2017

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TIC proposes 10% cash dividends for the year 2017

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APC reports net income of JD1.20 million at the end of 2017

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PIBC reports net income of $3.91 million at the end of 2017

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PID realizes net loss of JD0.01 million at the end of 2017

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PRICO realizes net loss of JD13.49 million at the end of 2017

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RSR reports net income of JD0.48 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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NIC posts net income of $7.70 million at the end of 2017

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JCC posts net income of JD0.51 million at the end of 2017

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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

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SANAD records net income of $10.05 million at the end of 2017

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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

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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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