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Al-Quds Index at its highest level since the beginning of the year

2022-02-17

 Sahem Weekly Trading Report (13-17)-02-2022

With the end of the legal period granted to the listed companies to disclose their financial data for 2021, Al-Quds Index traded at its highest level since the beginning of the year 2022, closing at 622.19 points; up by 1.22% than its previous weekly closing level, and by 2.26% than the end of 2021. While the significant news witnessed a momentum this week, varying between annual financial data disclosures, and dividends distribution proposals for 2021. Consequently, the coming period will witness a variation in the behavior of investors - with their different categories-.  

Regarding the blue-chips’ financial data disclosures for the end of 2021, Palestine Development & Investment Company PADICO disclosed posting net income attributable to the shareholders of the parent company of $21.49 million in 2021, compared to $4.12 million in 2020. This mainly was due to an increase in the company’s revenues by 22.28% between the two periods. Based on the disclosed figures, PADICO records Book Value BV of $1.65 and P/BV of 0.72x. In the same context, Palestine Telecommunications Company PALTEL disclosed posting net income attributable to the shareholders of the parent company of JD67.43 million in 2021, compared to JD43.04 million in 2020. This mainly resulted from an increase in the company’s revenues by 11.18%, in addition to recorded investment gains of JD9.15 in 2021 compared to investment loss in 2020. Based on the disclosed figures, PALTEL records BV of JD3.72, and P/BV of 1.58x. In the banking and financial services sector, Bank of Palestine BOP disclosed posting net income attributable to the bank of $49.26 million in 2021, compared to $19.88 million in 2020. This mainly was due to an increase in net interests, commission, financing and investing by 13.24%, in addition to recording gains from exchanging currencies and an increase in profits from financial assets’ portfolio by 1,199.89%. Based on the disclosed figures, BOP records BV of $2.00, and P/BV of 1.05x. In addition, the Arab Palestinian Investment Company APIC disclosed posting net income attributable to the shareholders of the parent company of $33.44 million in 2021, compared to $19.86 million in 2020. This mainly resulted from an increase in the company’s sales and revenues of services by 16.02% between the two periods. Based on the disclosed figures, APIC records BV of $1.60, and P/BV of 2.18x. 

Regarding the dividends distribution proposals for the year 2021, the board of directors of Nablus Surgical Center NSC raised a recommendation to the general assembly, which will be holding a meeting on 17/03/2022, to distributed 10% cash dividends for the year 2021, to record dividends yield of 4.74% based on the current market price. In the same context, the board of directors of Palestine Securities Exchange Company PSE recommended to the general assembly which will be holding a meeting on 07/03/2022, distributing 10% cash dividends for the year 2021, to record dividends yield of 2.04% based on the current market price. Also, the board of directors of the National Insurance Company NIC proposed to the general assembly, which will be holding a meeting on 30/03/2022, distributing 17.50% cash dividends for the year 2021, to record dividends yield of 3.85% based on the current market price.


 

2024-03-28
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2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

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

 

 

 
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