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Al-Quds Index in the red zone with the approaching end of the legal period for the semi-annual disclosures

2018-08-30

Sahem Weekly Trading Report (26-30)-08-2018

Al-Quds Index ends this week at the level of 536.90 points; down by 0.89% than its previous weekly closing level. With the approaching end of the legal granted period by Palestine Stock Exchange PEX for the listed companies to disclose their semi-annual data for the year 2018 which will end on the 1st of September, whereby, the anticipation reaches its highest level to form, for all traders’ categories, a clearer vision of the return on investment with its components. At the same time, the listed companies’ financial disclosures witnessed a momentum, to increase the number of the companies that disclosed their results to 42 company out of 48 listed companies, Among scare liquidity levels that dominated the PEX this week, in the period that followed Eid Al-adha holiday which started in 20 August 2018 and ended  in 23 August 2018.

Regarding the semi-annual financial disclosures of the blue-chips this week, Palestine Development and Investment Company PADICO – the largest investment company by market capitalization- noted posting net income attributable to the shareholders’ of the parent company of $11.39 million; up by 58.11% compared to the corresponding period of 2017. This followed an increase in PADICO’s stake from its associates’ profits by 10.07% and increase in financial assets portfolio by 101.68%, in addition to a decrease in PADICO’s consolidated expenses by 16.12%. Based on the disclosed figures, PADICO records Book Value BV of $1.59 and P/BV of 0.82x. it also records and EPS of $0.045 an PE of 14.44x. In the same context, Palestine Industrial Investment company PIIC – a subsidiary of Palestine Development and Investment Company, which owns 56.72% of its shares  - noted posting net income attributable to the shareholders’ of the parent company of JD3.52 million; up by 27.14%, due to the increase in Investment gains by 212.73%. Moreover, based on the disclosed figures, PIIC records BV of JD2.17 and P/BV of 1.16x. Also, Palestine Real Estate Investment Company PRICO – a subsidiary of Palestine Development and Investment Company, which owns 75.71% of its shares - announced realizing net loss of JD0.35 million; a reduce of losses of 72.52% compared to the corresponding period of 2017 after covering all the accumulated losses by PADICO in 2017. Moreover, it is worth mentioning that this significant improvement in the semi-annual financial results of PADICO’s subsidiaries’ is due to the restructuring policy that the company started applying since the beginning of 2017.

In the banking and financial services sector, Palestine Islamic Bank ISBK noted posting net income attributable to the shareholders of the bank of $6.26 million; down by 1.66% than the corresponding period of 2017, following the increase in tax expense. Based on the disclosure, ISBK records BV of $1.35 and P/BV of 1.39x. In the same sector, Arab Islamic Bank AIB noted posting net income attributable to the shareholders of the bank of $3.37 million; down by 15.90% than the corresponding period of 2017, following the increase in other operating expenses and employees expenses. However, Based on the disclosure, AIB records BV of $1.32 and P/BV of 1.23x.


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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