Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13

Sahem Weekly Trading Report (09-13)-04-2017

Palestine Stock Exchange PEX’s transactions were characterized by slowness and conservatism amid growing momentum of general assemblies’ meetings and a steady flow dividends decisions in conjunction with the start of the earnings announcements of listed companies to disclose their financial statements for the first quarter of this year 2017. However, with the mid of April, the other half of the month is on the radar to start reporting first quarterly financial data disclosures, thereby, the conservative behavior of investors in the market was reinforced due to the overlapping of the elements causing the anticipation and driving the prudence prior to taking any investment or liquidation decision. Whereby, taking any decision in this period is difficult due to the expensive opportunity cost. Distributing dividends on one hand and prospects of increase in stock price due to the accumulation of operating revenues over the quarters of the year on another hand are always parallel motives prior to the investment decision.

 

Regarding the dividends distribution approval for 2016, the general assembly of Global United Insurance Company GUI approved, on its meeting on 10/04/2017, the board of directors’ recommendation to distribute 10% cash dividends, to record dividends yield of 5.49% based on the price on the entitlement date, and 126.58% payout ratio. Moreover, Trust International Insurance Company TRUST approved, in its general assembly meeting on 12/04/2017, distributing 15% cash dividends, to record dividends yield of 3.33% based on the price on the entitlement date, and 34.01% payout ratio.

 

In the context of continuing the dividends’ distribution recommendation for the year 2016, the board of directors of Nablus Surgical Center NSC raised a recommendation to the general assembly, which will be holding a meeting on 27/04/2017, to distribute 10% cash dividends, to record dividends yield of 7.46% based on the current market price. Moreover, the board of directors of Jerusalem Pharmaceutical Company JPH proposed to the general assembly, which will be holding a meeting on 27/04/2017, distributing 10% cash dividends for the shareholders, to record dividends yield of 5.68% based on the current market price. In the banking sector, the board of directors of Al-Quds Bank QUDS proposed to the general assembly, which will be holding a meeting on 08/05/2017, distributing 12% stocks dividends, to raise the paid-up capital to $68.38 million. Furthermore, the board of directors of Palestine Investment Bank PIBC recommended to the general assembly, which will be holding a meeting on 30/04/2017, distributing 2.35% stocks dividends, to raise the paid-up capital to $61 million.

 

On another hand, the listed companies started to disclose their Q1 2017 financial data, whereby, the PEX maximum grants the listed companies a period month from the end of the first quarter of the year to disclose their financial and operating quarterly data. In this context, the Arab Company for Paints Products APC disclosed its Q1 2017 financial data; to be the first listed company to disclose its data. Whereby, it noted posting net income of JD0.33 million in Q1 2017; up by 2.86% than the corresponding period of 2016. This increase followed a growth in the company’s net sales. Based on the disclosure, APC records book value BV of JD2.40 and P/BV of 2.16x, while, it records earnings per share EPS of JD0.22 and P/E ratio of 5.89x.

 

 


 

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013