Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index declines slightly and the blue-chips that approved dividends under their equivalent prices

2019-04-04

 Sahem Weekly Trading Report (31-03)-(04-04)-2019

Al-Quds Index witnessed a slight decline of 0.01% in this week- with four trading sessions- than its previous weekly closing level, to record 538.38 points. This followed the dividends’ entitlement of the two largest companies in terms of market capitalization in Palestine Stock Exchange PEX and the two heaviest weighted stocks in Al-Quds Index – Palestine Telecommunications PALTEL and Bank of Palestine BOP-. As the period of holding the general assembly meetings of the listed companies is still at its most, the PEX has entered the legal period of disclosing the first quarter of 2019 financial data with the start of April. This leads to an overlapping in the anticipation factors among investors and prevailing prices solidity in this period given the fact of conservatism domination more than changing the investment positions. However, despite attempts to catch investment opportunities by investors and enlarge the yield during the dividends’ distribution period, the observer monitors the quiet liquidity pace in general and lack of speculations.

Regarding the dividends’ distribution proposals for the year 2018, 23 listed companies raised their recommendations to distribute dividends for their shareholders for the year 2018 till this moment. 8 companies of them proposed distributing both cash and stocks dividends, 14 companies of them proposed distributing only cash dividends, while only one company proposed distributing stocks dividends. Whereby, 7 companies approved their distribution till this moment; two companies in the banking and financial services sector, two companies in the industry sector, one company in the insurance sector, one company in the investment sector and one company in the services sector. It is good to note that two companies approved both cash and stocks dividends distribution, while 5 companies approved cash dividends distribution only. Where in this week, the board of directors of the National Aluminum and Profile Company NAPCO proposed to the general assembly, which will be holding a meeting on 18/04/2019, raising the paid-up capital from JD6.90 million to JD7.31 million through distributing 6% stocks dividends for its shareholders. On another hand, the coming weeks will witness a momentum in holding the general assembly meetings in order to approve the recommended dividends distribution to the shareholders for the year 2018.

Regarding the blue-chips’ trading in this week, the stock of the largest investment company in the PEX by market capitalization – Palestine Development and Investment Company PADICO- increased by 2.19% than its previous weekly closing level, to record $1.40 through transactions worth $1.32 million; to top the PEX by 27.24%. On another hand and due to dividends entitlements, the stock of the largest company in the PEX – Palestine Telecommunications PALTEL- declined by 0.74% than its previous weekly closing level; down by 0.50% than its equivalent price after the distribution approval, to close at the level of JD4.00 after transactions worth $0.73 million. Moreover, the stock of the largest bank by market capitalization- Bank of Palestine BOP- declined by 9.02% than its previous weekly closing level; down by 2.63% than its equivalent price after the dividends’ distribution approval, to close at $2.22. This followed transactions worth $0.86 million.


 

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