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The PEX records 5% average dividends yield

2019-05-30

 Sahem Weekly Trading Report (26-30)-05-2019

With the approaching end of May 2019 and the receding in the wave of holding the general assembly meetings for the listed companies, the dividends yield was formed at the ultimate. According to the approved dividends distribution, the total cash dividends amount reached $151.28 million for the year 2018, to record average dividends yield of 5.30%, compared to 5.98% for the year 2017; calculated by dividing the total cash dividends distributions by the market capitalization of the companies that distributed cash dividends for the year 2018. Accordingly, Palestine Stock Exchange PEX has entered a decreasing in prices phase for the companies that approved dividends to reach price balancing. While the major reason for the declining in Al-Quds Index and its closing around the current levels, is trading around the most declining stocks with the heaviest weights- the leading stocks. On the other hand, the scarce liquidity and trading rigidity in the PEX are most obvious during this period.

In this week, Al-Quds Index declined, like the previous weeks, by 0.06% than its previous weekly closing levels after trading in a relatively narrow range, to record 525.43 points. While the Index is expected to report increases in the coming few weeks, which coincides with the start of June and the end of the first half of the year 2019. However, the PEX will witness new anticipations towards the semi-annual financial data disclosures of this year, especially with the distinguished data disclosures for Q1 2019-especially for the blue-chips-, leading the investor to at least predict a stability in the annual yield.

On the other hand, and regarding a statistics report by Palestine Central Bureau of Statistics PCBS, exports increased in March 2019 by 12% compared to February 2019. While it decreased by 1% compared to March 2018 and reached $93.8 million. On the other hand, imports decreased in March 2019 by 1% compared to February 2019. It also decreased by 2% compared to March 2018 and reached $456.7 million. While, the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 4% in March 2019 compared to February 2019, it also decreased by 2% compared to March 2018 and reached $362.9 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

 

 

 
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