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Exchange of roles within the activity list and a momentum in the dividends distribution proposals

2017-03-02

Sahem Weekly Trading Report (26-02)-(02-03)-2017

Al-Quds Index closed at the level of 532.49 points in this week; down by 0.28% than its previous closing level. With the entry of the annual routine price cycles following the financial data disclosures and dividends distribution trends’ announcements, Palestine Stock Exchange PEX’s performance has not differed this week from the previous weeks of 2017. Whereby, the lack of liquidity still dominates the trading in the PEX despite changing the positions of the most active stocks. Moreover, this week the PEX witnessed a momentum in the dividends distribution announcements of the year 2016.

 

Regarding the dividends distribution recommendations that were approved and announced recently, the general assembly GA of the Arab Company For Paints Products APC approved, in its meeting on 27/02/2017, the recommendation of the board of directors BOD to distribute 40% cash dividends beginning from 15/03/2017. According to the announcement, APC records dividends yield of 7.72%, while, its price didn’t decline below its equivalent price. On the other hand , the BOD of the AL-Shark Electrode Company ELECTRODE proposed to the GA that will be holding a meeting on 23/03/2017, distributing 12% cash Dividends for the year 2016, to record dividends yield of 6.00%. Also, the BOD of Palestine Industrial Investment PIIC proposed to the GA that will be holding a meeting in the last quarter of April, distributing 6% cash dividends for the year of 2016, to record dividends yield of 2.83%. Furthermore, the BOD of Beit Jala Pharmaceutical Company BJP proposed to the GA that will be holding a meeting in the second half of April, distributing 15% cash dividends for the year 2016, to record dividends yield of 6.25%. Regarding the BOD of Palestine Poultry Company AZIZA, it proposed to the GA that will be holding a meeting in the second half of April, distributing 18% cash dividends for the year 2016, to record dividends yield of 6.43% .

 

Regarding the trading of this week, trading on the stocks of the banking and financial services’ sector was active. Whereby, the stock of Al-Quds Bank QUDS took the lead by topping the PEX by trading value, when recorded $2.11 million; contributing for 25.34% from PEX total week’s trading value that was raised through executing a transaction of 1.32 million stocks. QUDS closed at the level of $1.37; up by 3.79% than its previous closing level. Moreover, trading was active on the stocks of Bank of Palestine BOP- the largest bank by market capitalization-, to close at the level of $2.71; down by 0.73% than its previous closing level and through transactions worth $1.41 million. Moreover, the transections of Palestine Islamic Bank ISBK stood at $1.24 million, leading the stock to increase by 4.29% and close at the level of $2.19. Regarding the largest company by market capitalization- Palestine Telecommunications PALTEL-, its stock price declined by 0.20%, to close at the level of JD4.99 through transactions worth $0.81 million. However, the stock of largest investment company by market capitalization- Palestine Development and Investment Company PADICO- closed at the level of $1.05; down by 1.87% than its previous closing level and through transactions worth $1.56, which was raised through executing two transactions during the week of 1.00 million shares.


 

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

 

 

 
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