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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.

 


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

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MIC posts net income of $0.56 million in Q1 2020

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TIC posts net income of $0.83 million in Q1 2020

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SANAD realizes net loss of $0.55 million in Q1 2020

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WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

 
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