Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Significant news momentum reinforces Al-Quds Index’s support level

2016-04-28

Sahem Weekly Trading Report (24-28)-04-2016

The significant news on listed companies in Palestine Stock Exchange PEX accelerated this week; varied between quarterly financial data disclosures and dividends distribution announcements, while other news concentrated on strategic changes in the shareholders’ base of one listed company. In total, the positive news with their both parts –distinguished disclosures and feasible dividends- balanced the impact of ex-dividends exit and movement between the stocks with dividends’ recommendations. Whereby, the observer identifies the technical and physiological support level at 500 points, which results from the accumulation of the blue-chips’ purchasing bids in their depth around their support levels. During this week, some Q1 2016 disclosures were distinguished, while three new companies approved dividends distribution for the year 2015, in addition, Bank of Palestine BOP purchased an additional stake of 31% in the Arab Islamic Bank AIB based on the general assembly decision on 25/03/2016.

Regarding the companies that announced their dividends distribution strategies for the year 2015, the general assembly GA of the Vegetable Oil Industries Company VOIC approved distributing 60% cash dividends to its shareholders as for 27/04/2016 for the year 2015, to record payout ratio of 44.78% based on the EPS of 2015 and dividends yield of 6.15%. Moreover, the GA of the National Carton Industry Company NCI approved distributing 8% cash dividends to its shareholders as for 27/04/2016 for the year 2015, to record payout ratio of 82.47% based on the EPS of 2015 and dividends yield of 6.96%. Furthermore, the GA of Union Construction and Investment Company UCI approved distributing 6% cash dividends which was recommended by the board of directors in its meeting prior to the GA meeting in the same day, to record dividends yield of 15.79% and payout ratio of 857% based on the EPS of 2015. UCI based its decision on the availability of the retained earnings which recorded $7.80 million at the end of 2015; around 24.39% of the paid-up capital. It is good to note that the number of companies that approved dividends distribution reached 14 companies till this moment.

Regarding the distinguished financial data disclosures, the data of Bank of Palestine BOP showed an increase of 4.09% in its Q1 2016 net income to reach $10.40 million. Furthermore, the National Bank TNB noted posting net income of $2.53 million in the first three months of the year 2016; significantly up by 53.84% compared to the corresponding period of 2015. Moreover, the Arab Palestinian Investment Company APIC disclosed posting an increase of 20.06% in its net income attributable to the shareholders of the parent company to record $2.15 million. Regarding the other distinguished disclosures, Wataniya Palestine Mobile Telecommunication WATANIYA noted posting profits for the first time since its establishment, whereby noted posting $0.25 million in Q1 2016, compared to net loss since the year 2010. The Palestinian Company for Distribution and Logistics WASSEL also recorded profits in this quarter compared to loss before, whereby, it noted posting net income of $0.19 million in Q1 2016 compared to net loss in the corresponding period of 2015. On the other hand, Palestine Telecommunications PALTEL disclosed its financial data at the end of the week, noting posting stability in its net income in Q1 2016 compared to the corresponding period of 2015, whereby, it recorded net income of JD2.36 million; up by 0.64%.

 

 

 


 

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