Company Lookup
عربي
 
 

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 general assembly meetings

2021-04-08

 Sahem Weekly Trading Report (04-08)-04-2021

In this week, Al-Quds Index regained its balancing after declining significantly during the previous week due to the dividends’ entitlement of the two largest companies in terms of market capitalization in Palestine Stock Exchange PEX, to close at the level of 474.23 points; up by 1.50% than its previous weekly closing level. While the market 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. However, following the Coronavirus pandemic and its repercussions, the legal period granted by the PEX to the listed companies to disclose their Q1 2021 financial data was extended to 31/05/2021 instead of 30/04/2021. Whereby, with entering the legal disclosure period in the coming week, an overlapping will appear in the anticipation factors among investors and prevailing prices solidity in this period given the fact of conservatism domination more than changing the investment positions.

Regarding the dividends distribution proposals and approvals, the board of directors of the Arab Palestinian Investment Company APIC raised a recommendation to the general assembly, which will be holding a meeting on 05/05/2021, to raise the paid-up capital from $96.20 million to $105.00 million through distributing 9.1476% stocks dividends for the year 2020. It also recommended distributing 7.50% cash dividends for the year 2020, to record dividends yield of 2.46% based on the current market price. In regard to the dividends distribution approvals, the general assembly of Palestine Electric Company PEC approved, in its meeting on 07/04/2021, distributing 10% cash dividends for the year 2020, to record dividends yield of 5.88% based on the price on the entitlement date. Whereby, PEC will start paying the approved dividends from 23/05/2021. Also, the general assembly of Trust International Insurance Company TRUST approved in its meeting on 08/04/2021, distributing 10% cash dividends for the year 2020, to record dividends yield of 3.13% based on the price on the entitlement date. In the banking and financial services sector, the general assembly of Al-Quds Bank QUDS approved in its ordinary and extraordinary meetings on 08/04/2021, raising its paid-up capital from $93.17 million to $96.43 million through distributing 3.50% stocks dividends. It also approved distributing 4.50% cash dividends for the year 2020, to record dividends yield of 2.96% based on the price on the entitlement date.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics, the overall Industrial Production Index IPI in Palestine reached 99.07 during February 2021 with a decrease of 2.43% compared to 101.54 in January 2021 (Base Year 2019). IPI for February 2021 decreased due to the decrease in the activities of mining and quarrying by 12.32%, which constitute 2.89% of the total industry, the activities of water supply, sewerage, waste management and remediation by 9.31%, which constitute 1.84% of the total industry, and the activities of manufacturing industry by 2.24%, which constitute 87.89% of the total industry, while the activities of electricity, gas, Steam and air conditioning supply increased by 0.39%, which constitute 7.38% of the total industry.


 

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403