Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Relative calmness in the PEX with the end of the quarterly financial data disclosures’ season

2019-05-02

 Sahem Weekly Trading Report (29-04)-(02-05)-2019

With the end of the legal period granted by Palestine Stock Exchange PEX to the listed companies to disclose their Q1 2019 financial data, which coincides with the end of April, the significant news on the listed companies accelerated in this week- with three trading sessions-, varied between quarterly financial data disclosures and dividends distribution announcements. While the trading witnessed relative calmness and very slow price movements, leading Al-Quds Index to decline by 0.11% than its previous weekly closing level, to record 527.40 points.  

Regarding the Q1 2019 financial data disclosures of the leading companies, the largest company in the PEX by market capitalization- Palestine Telecommunications PALTEL- disclosed posting net income attributable to the shareholders of the parent company of JD23.13 million in the first three months of the year 2019; up by 8.89% than the corresponding period of the year before. This followed recording other revenues of JD9.36 in the period mainly from recording gains which resulted from the revaluation of the group’s share in Jericho Gate Company before the latest acquisition. Based on the disclosed figures, PALTEL records book value BV of JD3.41. Moreover, the largest investment company in the PEX by market capitalization- Palestine Development and Investment Company PADICO- disclosed posting net income attributable to the shareholders of the parent company of $15.03 million; significantly up by 161.05% than the corresponding period of 2018. This followed an increase in the company’s revenues and recording realized and unrealized revenues of $30.64 million from selling its stake in its subsidiary (Jericho Gate). Based on the disclosed figures, PADICO records BV of $1.58. On another hand, the leading company- the Arab Palestinian Investment Company APIC- disclosed reporting net income attributable to the shareholders of the parent company of $3.93 million in Q1 2019; up by 24.28% than the corresponding period of the year 2018. This followed an increase in the company’s net sales. Based on the disclosed figures, APIC records BV of $1.47. It is good to note that the general assembly of APIC held ordinary and extraordinary meetings on 02/05/2019, and approved raising the paid-up capital from $82.00 million to $87.50 million through distributing 6.70% stocks dividends for the year 2018. It also approved distributing 6.10% cash dividends for the year 2018, to record dividends yield of 2.50% based on the price on the entitlement date. 

In the banking and financial services sector, the National Bank TNB disclosed posting net income attributable to the bank of $3.28 million in Q1 2019, compared to $3.20 million in the corresponding period of 2018. This followed an increase in the bank’s net interests and commissions. Based on the disclosed figures, TNB records BV of $1.27. Also, Palestine Investment Bank PIBC disclosed reporting net income of $1.06 million in the first three months of the year 2019; down by 17.24% than the corresponding period of the year 2018. This followed an increase in the bank’s total expenses. Based on the disclosed figures, PIBC records BV of $1.32. On the other bank, Al-Quds Bank QUDS disclosed reporting net income of $2.46 million in Q1 2019, compared to net income of $2.26 million in the corresponding period of 2018. This followed an increase in the bank’s internets and commissions income and foreign currency exchange revenues. Based on the disclosed figures, QUDS records BV of $1.36.


 

2021-10-27
PID posts net income of JD0.65 million in 9M 2021

2021-10-27
NAPCO posts net income of JD0.34 million in 9M 2021

2021-10-26
RSR posts net income of JD0.31 million in 9M 2021

2021-10-26
APC records net income of JD0.82 million in 9M 2021

2021-10-24
ARAB posts net income of JD0.02 million in 9M 2021

2021-10-21
Al-Quds Index in a narrow range amid an increase in 9M financial data disclosures anticipation

2021-10-17
PHARMACARE recommends distributing 10% cash dividends for the year 2020

2021-10-14
A transaction on the stocks of TRSUT raises the trading value in the PEX

2021-10-07
Al-Quds Index rebounds upwards in the first week of October

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013