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Scarce liquidity with the start of December


 Sahem Weekly Trading Report (29-11)-(03-12)-2020

In the first week of December, the status of heavy decline in the liquidity levels which dominated the trading process for several weeks, continued this week too. Whereby, the increase in the prices of the leading stocks- with heaviest weights and effects of Al-Quds Index- led the Index to close in the green zone, recording gains of 1.33% than the previous weekly level, after trading in a relatively wide range and recording 472.84 points. However, this week witnessed scarcity in the significant news and events of the listed companies. Therefore, the last month of the year will be dominated by anticipation among investors for the final outlook of the financial data disclosures of the year 2020.

Regarding the listed companies’ news, the National Bank TNB and the European Investment Bank EIB signed a financing agreement, whereby, EIB supports the resilience of the Palestinian private sector with a $50 million line of credit extended to TNB to be on-lent primarily to local small and medium-sized enterprises (SMEs). This is the European Union EU Bank’s first operation in response to the Covid-19 related emergency in Palestine, and it is part of the Team Europe Initiative to help mitigate the economic consequences of the coronavirus pandemic. The EIB financing comes under the Economic Resilience Initiative (ERI), which is part of the European Union’s response to the challenges in the Southern Neighborhood, such as forced displacement and migration, economic downturns and political crises.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Producer Price Index (PPI) for Palestine with its base year (2018) reached 97.09 in October 2020, as it increased by 3.36% compared to September 2020. The changes of PPI for October 2020 were traced back to the increase in prices of the following major activities compared to the previous month: agriculture, forestry and fishing goods by 11.76%, water supply; sewerage, and waste management and remediation activities by 0.85% versus a decline in the prices of electricity, gas, steam and air conditioning supply by 1.41%, mining and quarrying by 0.09% and manufacturing by 0.04%.


Al-Quds Index in the green zone with the routine of Ramadan month’s entry

GUI approves distributing 5% stocks dividends and 10% cash dividends for the year 2020

JPH proposes distributing 8% cash dividends for the year 2020

NAPCO proposes distributing 9.38% stocks dividends for the year 2020

TIC approves distributing 15% cash dividends for the year 2020

QUDS approves distributing 3.50% stocks dividends and 4.50% cash dividends for the year 2020

TRUST approves distributing 10% cash dividends for the year 2020

Relative Calmness in the PEX and a momentum in holding the general assembly meetings

NCI proposes distributing 10% cash dividends for the year 2020

PEC approves distributing 10% cash dividends for the year 2020

NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

APIC proposes distributing 9.1476% stocks dividends and 7.50% cash dividends for the year 2020

Al-Quds Index declines significantly following the dividends’ entitlement of the PEX’s two largest companies

BOP approves distributing 1% stocks dividends and 4% cash dividends for the year 2020



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