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Successive anticipations coinciding with continuing to propose dividends’ distribution

2022-03-17

 Sahem Weekly Trading Report (13-17)-03-2022

Al-Quds Index maintained a relatively narrow price range, in this week, to close at the level of 615.59 points; up by 0.14% than its previous closing level. On another hand and despite the reinforcement of the investment feasibility in Palestine Stock Exchange PEX- with the expectations’ rise of the returns’ achievement with the increase in dividends’ proposals of the listed companies-, the calmness in the PEX may be justified with the decline in the general incentives. However, with the approaching end of the first quarter of the year 2022, the coming period will witness new anticipation with the start of listed companies to disclose their quarterly financial and operational results, to charge some optimism for that could appear as new liquidity activity. It is good to note that Palestine Stock Exchange PEX has extended the legal period for the listed companies’ quarterly disclosures for Q1 and Q3 from 30 day to 45 days.

On another hand, the listed companies continued to raise their recommendations to distribute dividends for their shareholders for the year 2021. In this context, the board of directors of Jerusalem Pharmaceuticals Company JPH raised a recommendation to the general assembly to distribute 12% cash dividends for the year 2021, to record dividends yields of 3.95% based on the current market price. Also, the board of directors of Palestine Industrial Investment Company PIIC raised a recommendation to the general assembly, which will be holding a meeting in the last quarter of April 2022, to distribute 10% cash dividends for the year 2021, to record dividends yield of 3.66% based on the current market price. In addition, the board of directors of Palestine Poultry Company AZIZA raised a recommendation to the general assembly, which will be holding a meeting in the last quarter of April 2022, to distribute 18% cash dividends for the year 2021, to record dividends yield of 6.67% based on the current market price. 

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Consumer Price Index CPI for Palestine during February 2022 recorded an increase by 0.61% compared with January 2022 (0.77% in Gaza Strip, 0.69% in Jerusalem, and 0.54% in the West Bank). The increase in the CPI came due to the increase in the prices of the following expenditure sub groups compared with previous month: fresh chicken by 6.77%, dried vegetables by 6.41%, liquid fuel for car "Diesel" by 3.40%, liquid fuel for car "Petrol" by 2.71%, fresh vegetables by 2.39%, eggs by 2.05%, non-alcoholic beverages by 1.79% and gas by 1.13%, despite a decline in the prices of potatoes and other tubers by 7.28%. Where the Palestinian CPI during February 2022 increased by 2.97% compared with February 2021 (3.96% in Jerusalem, 2.99% in Gaza Strip, and 2.77% in the West Bank).


 

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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