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Dividends yield reports 5.8% in the PEX

2017-05-25

Sahem Weekly Trading Report (21-25)-05-2017

Al-Quds Index ended this week- with four trading sessions- at the level of 529.15 points; up by 0.64% than its previous closing, following an increase in the price of some leading companies versus a stabilizing in the prices of others. However, with the receding in the wave of holding the general assembly meetings for the listed companies and the approaching end of May 2017, the dividends yield was formed at the ultimate. According to the approved distribution, the total cash dividends amount reached $158.08 million for the year 2016, to record total dividends yield of 5.78%. Accordingly, Palestine Stock Exchange PEX has entered a decreasing in prices phase for the companies that approved dividends to reach price balancing. In terms of liquidity, it is still at its prevailing levels; conservative and lacks institutional transactions.

 

Regarding this week’s trading for the leading companies with the highest weights in Al-Quds index, the largest company in the PEX in terms of market capitalization – Palestine Telecommunication PALTEL – topped the PEX in terms of trading value by 31.38%. While PALTEL stabilized at the level of JD4.70, without any change than its previous weekly closing level, however, PALTEL’s price is still trading below its equivalent price after its decision to distribute 40% cash dividends for the year 2016.  Regarding the largest bank by market capitalization – Bank of Palestine BOP –, its transactions contributed in 15.38% from PEX’s total trading value, to close at the level $2.45, without any change than its previous week closing level. However, BOP’s price is still trading below its equivalent price after its decision to distribute 10.44% cash dividends and 2.56% stocks dividends for the year 2016, which in turn led to raise the bank’s paid-up capital to $200 million. On the other hand, Palestine Development and Investment PADICO –the largest investment company by market capitalization– closed at the level of $1.27, up by 3.25% than its previous weekly closing level and by 5.83% than its equivalent price after the decision to distribute 5% cash dividends for the year 2016 and through transactions that constituted 30.21% from PEX total trading value.

 

In this week, the listed companies accelerated to hold their board of directors BOD’s meetings in order to discuss and approve the financial results for the period ending in 30/04/2017. In this context, the BOD of the National Bank TNB held a meeting on 22/05/2017. Moreover, the BOD of the National Carton Industry Company NCI held a meeting on 20/05/2014. Furthermore, the BOD of the Arab Palestinian Investment Company APIC held a meeting on 23/05/2017, in which the BOD decided to form committees (investment, internal audit and remuneration) besides approving the financial results till the end of April 2017.

 

 


 

2021-06-17
Al-Quds Index ends the week in the green zone and the institutional transactions raise the trading value

2021-06-13
SANAD posts net income of $0.15 million in Q1 2021

2021-06-13
PEC records net income of $3.22 million in Q1 2021

2021-06-10
The PEX records average PE of 12.1x and average P/BV of 1.21x in Q1 2021

2021-06-06
The share of Tamkeen Palestinian Insurance Company closes at $1.63 in its first trading session

2021-06-03
Al-Quds Index records significant increase than its closing at the end of 2020

2021-06-02
LADAEN posts net income of JD0.01 million in Q1 2021

2021-06-02
PIBC posts net income of $0.08 million in Q1 2021

2021-06-01
Listing and start of trading on the stocks of Tamkeen Insurance

2021-06-01
PIIC posts net income of JD1.27 million in Q1 2021

2021-06-01
NIC posts net income of $1.09 million in Q1 2021

2021-06-01
NCI posts net income of $0.38 million in Q1 2021

2021-06-01
PADICO posts net income of $6.68 million in Q1 2021

2021-06-01
BOP posts net income of $11.34 million in Q1 2021

2021-06-01
PRICO realizes net loss of JD0.17 million in Q1 2021

2021-06-01
AHC realizes net loss of JD0.47 million in Q1 2021

2021-06-01
WASSEL posts net income of $0.08 million in Q1 2021

2021-06-01
JCC posts net income of JD0.77 million in Q1 2021

2021-06-01
QUDS posts net income of $2.44 million in Q1 2021

2021-06-01
GMC posts net income of JD0.14 million in Q1 2021

2021-06-01
OOREDOO posts net income of $2.58 million in Q1 2021

2021-06-01
BJP posts net income of JD0.26 million in Q1 2021

2021-06-01
NSC posts net income of JD0.35 million in Q1 2021

2021-06-01
ISBK posts net income of $3.46 million in Q1 2021

2021-06-01
JREI realizes net loss of $0.03 million in Q1 2021

2021-06-01
AIB posts net income of $3.22 million in Q1 2021

2021-06-01
MIC posts net income of $0.69 million in Q1 2021

2021-06-01
BPC posts net income of $0.90 million in Q1 2021

2021-06-01
PSE posts net income of $0.07 million in Q1 2021

2021-06-01
AQARIYA realizes net loss of $0.02 million in Q1 2021

2021-06-01
AQARIYA realizes net loss of $0.02 million in Q1 2021

2021-06-01
AZIZA posts net income of JD0.62 million in Q1 2021

2021-06-01
TIC posts net income of $0.56 million in Q1 2021

2021-06-01
ELECTRODE realizes net loss of JD0.02 million in Q1 2021

2021-06-01
RSR posts net income of JD1.00 million in Q1 2021

2021-06-01
GUI posts net income of $0.63 million in Q1 2021

 

 

 
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