Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Relative calmness in the PEX and a momentum in holding the GA meetings

2019-04-11

 Sahem Weekly Trading Report (07-11)-04-2019

In this week, Palestine Stock Exchange PEX’s transactions were characterized by slowness and conservatism amid growing momentum of general assemblies’ meetings and a steady flow of dividends decisions. Whereby, the PEX witnessed a calm pace in terms of liquidity on one hand, and price movements in the PEX on another hand if we exclude executing the institutional transactions on the listed companies from time to time, where, in this week several transactions were executed on the stock of Palestine Islamic Bank ISBK of 0.88 million shares, to top the PEX trading by 43.84%, and increase by 1.01% than the previous week, to close at the level of $2.01. On another hand, Al-Quds Index declined by 0.51% than the previous week, to close at the level of 535.62 points. With the mid of this month, the other half of April is on the radar to start reporting first quarterly financial data disclosures, thereby, the conservative behavior of investors in the market was reinforced due to the overlapping of the elements causing the anticipation and driving the prudence prior to taking any investment or liquidation decision. Where the PEX grants the listed companies a period of one month since the end of March to disclose its financial and operational financial data for Q1 2019.

Regarding the dividends’ distribution approvals for the year 2018, the general assembly GA of Palestine Securities Exchange Company PSE approved, in its meeting on 09/04/2019, distributing 4% cash dividends for the year 2018, to record dividends yield of 0.82% based on the price on the entitlement date, and payout ratio of 95.24% based on the EPS of 2018. Moreover, the GA of Palestine Electric Company PEC approved, in its meeting on 09/04/2019, distributing 10% cash dividends for the year 2018, to record dividends yield of 7.04% based on the price on the entitlement date, and payout ratio of 68.49% based on the EPS of 2018. Where, the company announced starting the dividends distribution payment from 26/05/2019. In the insurance sector, the GA of Trust International Insurance Company TRUST approved in its meeting on 10/04/2019, distributing 15% cash dividends for the year 2018, to record dividends yield of 4.17% based on the price on the entitlement date, and payout ratio of 49.67% based on the EPS of 2018. Also, the GA of Global United Insurance Company GUI approved, in its ordinary and extraordinary meetings on 10/04/2019, distributing 10% stocks dividends for the year 2018, to raise the paid-up capital from $9.60 million to $10.56 million. Also, it approved distributing 10% cash dividends for the year 2018, to record dividends yield of 3.70% based on the price on the entitlement date, and payout ratio of 25.77% based on the EPS of 2018.


 

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