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Al Quds Index stalls amid low trading

2016-10-13

Sahem Weekly Trading Report (09-13)-10-2016

In a week with heavy transactions and slow price movements, the anticipation in the financial disclosures’ month dominated the investment appetite and investors’ behavior. Where, stalling in the place outweighed pursuing any price trend. Despite the similar general trend in the blue-chips’ stocks, but the momentum factors vary among them following the varied growth factors that has been drawn by each alone, and which was extracted by the investor since the beginning of the year, in parallel to the quarterly financial data disclosures. The 9M financial data disclosures are one of the important things that boost the growth expected factors in the market.

As the first financial data disclosure, the Vegetables Oil Industries Company VOIC noted posting net income of JD4.58 million in 9M 2016; up by 6.47% in 9M 2016, compared to 9M 2015. This increase followed the growth in the operating income by 49.46% and the company’s stake of its subsidiaries profits from the National Beverage Company Coca-Cola by 8.85%, which in return constitutes around 98% from VOIC’s total profits. Accordingly, VOIC records EPS of JD1.14 and net margin of 107.53% for 9M 2016. Moreover, VOIC records BV of JD6.33 as of the end of the period and P/BV of 1.53x and PE ratio of 6.33x.

Regarding the most important news of the week, the board of directors of the Arab Palestinian Shopping Centers BRAVO- a subsidiary of the Arab Palestinian Investment Company APIC- approved establishing a private shareholding company and transferring the supermarkets’ operations and the net assets worth $1.8 million to it, excluding the buildings and real estate as an in kind contribution in the company’s capital. Accordingly, BRAVO will become a real estate specialized company. It is worth mentioning that BRAVO has realized net loss of JD0.54 million in 2015 and net loss of JD0.35 million in 9M 2016. While the company records in its accounts as for the 30th of June 2016 around JD15.62 million properties, plants and equipments; whereby lands record 36.76% and the buildings record 35.79%. Regarding other news, Dar Al-shifa’a for the Manufacturing of Pharmaceuticals PHARMACARE and Beit Jala Pharmaceutical Company BJP signed a memorandum of understanding with a group of Chilean businessmen of Palestinian descent, to begin the procedures of registering and licensing Palestinian medicines in Chile, in preparation to open export channels.

 


 

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

 

 

 
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