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Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-04

 Sahem Weekly Trading Report (31-01)-(04-02)-2021

With the start of February, executing several medium-volume transactions in Palestine Stock Exchange PEX on some stocks of the banking and financial services’ sector and other leading stocks in this week have raised the trading value in this week. Whereby, executing such transactions in this routine period may be related to repositioning reasons on specific stocks and sectors during the dividends distribution announcements period. In this context, a cross transaction of 0.79 million shares was executed on the stocks of Al-Quds Bank QUDS, whereby, the Palestinian Pension Agency PPA purchased the stocks from the Employees Provident Fund of QUDS. Also, a transaction worth 0.24 million shares was executed on the stocks of Palestine Islamic Bank ISBK. In the same context, a transaction of 0.21 million shares was executed on the stocks of the largest company in the PEX in terms of market capitalization- Palestine Telecommunications PALTEL-. On another hand, Al-Quds Index closed in the red zone at 489.13 points; down by 0.32% than its previous weekly closing level. Regarding the PEX’s indicators, some of the important news this week is the start of announcing the preliminary annual financial and operational data disclosures by the listed companies.

Regarding the listed companies’ preliminary financial data disclosures for the end of 2020, the leading company -the Arab Palestinian Investment Company APIC- was the first to disclose its data. Whereby, noted posting net income attributable to the shareholders of the parent company of $19.85 million at the end of 2020, compared to $17.87 million at the end of 2019. This mainly resulted from an increase in the company’s revenues from sales and commissions, in addition to reporting profits from its investment in an affiliate versus reporting losses in the previous year. Regarding the disclosed data, APIC records book value BV of $1.53, and P/BV of 1.93x. Also, APIC records earnings per share EPS of $0.209, and P/E of 14.16x.  In the same context, the National Aluminum and Profile Company NAPCO disclosed posting net income of JD0.007 million at the end of 2020; down by 98.33% than the year 2019. This mainly followed a decline in the company’s sales and an increase in its expenses. Based on the disclosed data, NAPCO records BV of JD1.68, and P/BV of 0.60x.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics, The overall Industrial Production Index IPI in Palestine with its Base Year (2018) reached 95.60 in 2020 which indicates a sharp decrease by 7.95% compared to 103.86  in 2019. IPI for 2020 decreased due to the decrease in the activities of Mining and Quarrying by 23.07%, and the activities of Manufacturing Industry by 10.46%, while the activities of Electricity, Gas, Steam and Air Conditioning Supply increased by 11.61%, and the activities of Water Supply, Sewerage, Waste Management and Remediation increased by 5.98%.


 

2021-02-25
The PEX records average PE of 16.6x and average P/BV of 1.10x at the end of 2020

2021-02-25
VOIC recommends distributing 50% cash dividends for 2020

2021-02-24
BPC proposes distributing 2% stocks dividends and 15% cash dividends for the year 2020

2021-02-24
The end of the legal granted period to disclose the prelimanry financial data for 2020

2021-02-22
MIC proposes 8.27% cash dividends for the year 2020

2021-02-21
Al-Quds Index in the red zone and a momentum in the significant news

2021-02-16
NIC proposes distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-02-16
JCC posts net income of JD2.33 million in 2020

2021-02-16
OOREDOO posts net income of $7.54 million in 2020

2021-02-16
PRICO realizes net loss of JD3.57 million in 2020

2021-02-16
PIIC posts net income of JD5.41 million in 2020

2021-02-16
AIB posts net income of $8.01 million in 2020

2021-02-16
PIBC posts net income of $3.27 million in 2020

2021-02-16
LADAEN realizes net loss of JD0.01 million in 2020

2021-02-16
NCI posts net income of $0.80 million in 2020

2021-02-16
WASSEL posts net income of $0.17 million in 2020

2021-02-16
MIC posts net income of $1.28 million in 2020

2021-02-16
JPH posts net income of $3.96 million in 2020

2021-02-16
ARAB posts net income of JD0.54 million in 2020

2021-02-16
PSE posts net income of $0.40 million in 2020

2021-02-16
PID realizes net loss of JD0.83 million in 2020

2021-02-16
BPC posts net income of $7.24 million in 2020

2021-02-16
BJP posts net income of JD0.75 million in 2020

2021-02-16
RSR posts net income of JD0.26 million in 2020

2021-02-16
NSC posts net income of JD0.49 million in 2020

2021-02-16
PEC posts net income of $9.38 million in 2020

2021-02-16
GMC posts net income of JD0.07 million in 2020

2021-02-16
AZIZA posts net income of JD4.57 million in 2020

2021-02-16
AQARIYA posts net income of $0.96 million in 2020

2021-02-16
AHC realizes net loss of JD2.99 million in 2020

2021-02-16
AIG posts net income of $0.76 million in 2020

2021-02-16
TIC posts net income of $2.22 million in 2020

2021-02-16
PALTEL posts net income of JD43.04 million in 2020

2021-02-16
BOP posts net income of $22.88 million in 2020

2021-02-16
PADICO posts net income of $5.07 million in 2020

2021-02-16
NIC posts net income of $7.81 million in 2020

2021-02-16
TNB records net income of $0.31 million in 2020

2021-02-16
QUDS reports net income of $10.90 million in 2020

2021-02-15
GUI reports net income of $2.33 million in 2020

2021-02-15
ISBK posts net income of $11.17 million in 2020

2021-02-15
JREI realizes net loss of $0.04 million in 2020

2021-02-15
PALTEL proposes distributing 30% cash dividends for the year 2020

2021-02-15
VOIC posts net income of JD6.23 million in 2020

2021-02-14
ABRAJ posts net income of $1.28 million at the end of 2020

2021-02-14
APC posts net income of JD0.87 million at the end of 2020

2021-02-14
UCI posted net income of $1.20 million at the end of 2020

2021-02-11
A decline in the Index in anticipation for the next week

2021-02-10
TRUST proposes distributing 10% cash dividends for the year 2020

2021-02-04
Al-Quds Index declines and the start of the annual disclosures acceleration

2021-02-02
NAPCO posts net income of JD0.007 million at the end of 2020

2021-02-01
APIC records net profits of $24.65 million at the end of 2020

 

 

 
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