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.


 

2020-05-21
Idleness in trading prior to Eid Al-Fitr holiday

2020-05-21
PIBC approves distributing 4% cash dividends for the year 2019

2020-05-20
APIC proposes distributing 6.74% cash dividends and 6.74% stocks dividends for the year 2019

2020-05-20
UCI posts net income of $0.15 million in Q1 2020

2020-05-19
MIC posts net income of $0.56 million in Q1 2020

2020-05-19
TIC posts net income of $0.83 million in Q1 2020

2020-05-18
SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18
WASSEL posts net income of $0.03 million in Q1 2020

2020-05-18
TNB posts net income of $7.80 million in Q1 2020

2020-05-18
ELECTRODE realizes net loss of JD0.004 million in Q1 2020

2020-05-18
GUI posts net income of $0.77 million in Q1 2020

2020-05-18
AQARIYA posts net income of $0.08 million in Q1 2020

2020-05-18
JCC posts net income of JD0.09 million in Q1 2020

2020-05-18
OOREDOO posts net income of $1.28 million in Q1 2020

2020-05-18
TRUST posts net income of $1.18 million in Q1 2020

2020-05-17
NCI records net income of $0.09 million in Q1 2020

2020-05-17
PID realizes net loss of JD0.52 million in Q1 2020

2020-05-17
PRICO realizes net loss of JD0.29 million in Q1 2020

2020-05-17
RSR posts net income of JD0.07 million in Q1 2020

2020-05-17
NIC reports net income of $1.18 million in Q1 2020

2020-05-17
PADICO realizes net loss of $0.52 million in Q1 2020

2020-05-17
JPH posts net income of $1.22 million in Q1 2020

2020-05-17
ISBK records net income of $3.09 million in Q1 2020

2020-05-17
JREI realizes net loss of $0.03 million in Q1 2020

2020-05-17
PALTEL posts net income of JD7.03 million in Q1 2020

2020-05-14
Scarce trading and a momentum in the substantial news

2020-05-13
BPC reports net income of $0.99 million in Q1 2020

2020-05-13
VOIC posts net income of JD0.33 million in Q1 2020

2020-05-13
AZIZA posts net income of JD0.99 million in Q1 2020

2020-05-13
LADAEN posts net income of JD0.009 million in Q1 2020

2020-05-13
PIIC posts net income of JD0.64 million in Q1 2020

2020-05-13
PSE realizes net loss of $0.01 million in Q1 2020

2020-05-13
JPH approves distributing 10% cash dividends for the year 2019

2020-05-13
ELECTRODE approves distributing 6% cash dividends for the year 2019

2020-05-10
PEC reports net income of $2.85 million in Q1 2020

2020-05-10
AIB posts net income of $2.00 million in Q1 2020

2020-05-10
GMC posts net income of JD0.19 million in Q1 2020

2020-05-10
ABRAJ posts net income of $0.08 million in Q1 2020

2020-05-07
Al-Quds Index in the red zone amid the start of Q1 2020 financial data disclosures

2020-05-05
PALTEL starts to pay the approved dividends distribution

2020-05-05
NAPCO realizes net loss of JD0.29 million in Q1 2020

2020-05-05
APIC posts $5.12 million net income in Q1 2020

 

 

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