Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Companies initiate annual disclosures and dividends recommendations

2017-02-09

Sahem Weekly Trading Report (05-09)-02-2017

Al-Quds Index touched, in this week, levels that has abandoned since the first quarter of 2016, to rebound upward by 2.93% than its previous closing level and close at the level of 536.45 points with the return of the listed companies’ stocks- especially the blue-chips- to price levels that have declined from. This increase followed several consecutive weekly declines. Regarding the liquidity levels, it was slow and weak with the increase in the anticipation intensity coinciding with the approaching end of the legal period granted by Palestine Stock Exchange PEX to the listed companies to disclose their preliminary financial data disclosures.

Regarding this week’s trading, the stock of the largest company by market capitalization- Palestine Telecommunications PALTEL- topped the PEX by trading value when recorded $1.94 million. However, the stock returned to trade around levels that has dropped from lately, to close at the level of JD5.00 ; up by 3.09% than its previous closing level. In the banking and financial services sector, the transactions of Palestine Islamic Bank ISBK reached $1.53 million, to close at the level of $2.19; significantly up by 11.73% after trading in a relatively wide range. Moreover, the stock of Bank of Palestine BOP- the largest bank by market capitalization- increased by 1.48%, to close at the level of $2.74, through transactions worth $0.25 million. Furthermore, an increase was witnessed in the price of the leading stock of the Arab Palestinian Investment Company APIC by 0.53%, to close at the level of $1.90 through transactions worth $0.89 million. Also, the stock of the largest investment company by market capitalization- Palestine Development and Investment Company PADICO-  increased by 2.83%, to close at the level of $1.09 through transactions worth $0.46 million.

Regarding the substantial news, Palestine Electric Company PEC disclosed its annual financial data, noting posting net loss of $0.65 million for the year 2016; sharply down by 104.75% than the year 2015 after recording bad debts of $15.91 million in the year 2016. While according to the disclosure, PEC noted giving up $30 million accounts receivables by the Palestinian Energy and Natural Resources Authority to be recorded as bad debts. Accordingly, PEC records book value of $1.42 and P/BV of 0.89x. On the other hand, Palestine Telecommunications PALTEL disclosed posting net income of JD80.06 million in 2016; down by 3.62% than the year 2015. This decrease followed recording losses from investments of JD0.69 million in the year 2016. Accordingly, PALTEL records book value of JD4.21 and P/BV of 1.19x.

Regarding the dividends proposals for the year 2016, the board of directors of Global United Insurance Company GUI  proposed to the general assembly, which will be holding a meeting on 10/04/2017, distributing 10% cash dividends, to record dividends yield of 6.33% based on the current market price. Moreover, the board of directors of Palestine Telecommunications Company PALTEL raised a recommendation to the general assembly that will be holding a meeting on 05/04/2017, to distribute 40% cash dividends, to record dividends yield of 8.00% based on the current market price.

 


 

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