Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

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.

 

 


 

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