Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20

Sahem Weekly Trading Report (17-20)-04-2017

For the third week in row, Al-Quds Index declined by 0.21% compared to its previous weekly closing level, to close in this week with four trading sessions at the level of 523.44 points after trading in a relatively narrow range. Moreover, Palestine Stock Exchange PEX witnessed medium liquidity that was raised through executing two transactions worth 1.42 million shares on the stock of the largest investment company by market capitalization –Palestine Development and Investment PADICO-, to top the PEX by 41.38%. On the other hand, the significant news on the listed companies in Palestine Stock Exchange PEX accelerated this week; varied between quarterly financial data disclosures and dividends distribution announcements; adding to the investors’ anticipation another degree of caution and accuracy parallel to the lack of general political factors. During the week, some listed companies witnessed distinguished financial and operating results for the first quarter of 2017, while, three new companies approved dividends distribution for the year 2016.

 

Regarding the dividends’ entitlements for the year 2016, the general assembly of Birziet Pharmaceuticals Company BPC approved distributing 20% cash dividends for its shareholders starting from 15/05/2017. This came during a meeting that was held on 17/04/2017, to record dividends yield 3.91% based on the price on the entitlement date, and 49.26% payout ratio. Following this decision, the stock price automatically declined lower than its equivalent price after the distribution, to record weekly loss of 5.08%. Moreover, the general assembly of the National Bank TNB approved, in its meeting on 20/04/2017, distributing 5% cash dividends, to record dividends yield of 2.72% based on the stock’s price on the entitlement date, and 50.51% payout ratio. Furthermore, the general assembly of Palestine Electric Company PEC approved, in its meeting on 19/04/2017, distributing 10% cash dividends for the shareholders starting from 18/06/2017, to record dividends yield of 8.70% based on the price on the entitlement date, while, PEC’s price declined, but traded above its equivalent price.

 

According to the significant news regarding the listed companies, the Vegetable Oil Industries VOIC disclosed its financial results for Q1 2017, noting posting net income of JD1.07 million in the first three months of the year 2017; up by 13.13% than the corresponding period of 2016. This followed a growth in gross and operating profits, in addition to an increase in the available for sale assets. Accordingly, VOIC records book value BV of JD6.86 and P/BV of 1.46x. It also records earnings per share EPS of JD0.27 and PE ratio of 9.26x. It is worth mentioning that the company will be holding a general assembly meeting on 27/04/2017, to discuss distributing 60% cash dividends, to record 6.00% dividends yield based on the current price. In the banking sector, the National Bank TNB disclosed reporting net income of $2.77 million in Q1 2017 compared to net income of $2.53 million in the corresponding period of 2016. This followed 19.44% growth in net interest and commissions. Accordingly, TNB records BV of $1.27 and P/BV of 1.44x. It also records EPS of $0.04 and PE ratio of 12.42x.


 

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

 

 

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