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Successive anticipations coinciding with proposing dividends’ distribution

2017-03-16

 Sahem Weekly Trading Report (12-16)-03-2017

This week, Al-Quds Index maintained a relatively narrow price range, to close at the level of 536.85 points; up by 0.28% than its previous closing level. On another hand and despite the reinforcement of the investment feasibility in Palestine Stock Exchange PEX- with the expectations’ rise of the returns’ achievement with the increase in dividends’ proposals of the listed companies- , the calmness in the PEX may be justified with the decline in the general incentives. However, with the approaching end of the first quarter of the year 2017, the coming period will witness new anticipation with the start of listed companies to disclose their quarterly financial and operational results, to charge some optimism for that could appear as new liquidity activity.

Within the blue-chips recommendations regarding distributing dividends for the year 2016, the board of directors of Bank of Palestine BOP- the largest bank by market capitalization- raised a recommendation to the general assembly, which will be holding a meeting on 06/04/2017, to distribute $25.35 million dividends for the shareholders; $4.99 million as stocks dividends, to raise the paid-up capital to $200 million (2.56% from the paid-up capital before the distribution), and $20.36 million as cash dividends (10.44% from the paid-up capital before the distribution). Accordingly, BOP records payout ratio of 40.00% based on the EPS attributable to the shareholders of the parent company as for the end of 2016, and dividends yield of 3.87% based on the current stock price. Moreover, the board of directors of the National Bank TNB recommended to the general assembly, which will be holding a meeting on 20/04/2017, distributing 5% cash dividends, to record payout ratio of 50.51% and dividends yield of 2.56%. On the other hand and in the insurance sector, Trust International Insurance company TRSUT proposed to the general assembly distributing 15% cash dividends, to record payout ratio of 34.01% and dividends yield of 3.33%.

Regarding this week’s trading, the leading stock of the Arab Palestinian Investment Company topped the PEX when recorded trading value of $1.76 million, to decrease by 3.11% and close at the level of $1.87 after trading in a relatively wide range. In the banking sector, trading was active on the stock of Al-Quds Bank QUDS after reporting transactions worth $1.47 million, to close at the level of $1.45; up by 3.57% than its previous closing level. Moreover, the stock of Palestine Islamic Bank ISBK witnessed active trading worth $1.38 million, to close at the level of $2.16; down by 1.82% than its previous closing level. Regarding the largest company by market capitalization- Palestine Telecommunications PALTEL- , it increased by 1.00%, to close at the level of JD5.05 through transactions worth $0.94 million. However, Bank of Palestine BOP declined by 0.74%, to close at the level of $2.70 through transactions worth $0.81 million. Furthermore, the stock of Jerusalem Pharmaceuticals Company JPH witnessed active trading when reached $0.52 million, to close at the level of $1.70; down by 2.86% than its previous closing level. Regarding the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- it increased by 2.83%, to close at the level of $1.09 after transactions worth $0.20 million.

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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