Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index ends the first quarter of 2023 in the green zone

2023-03-30

 Sahem Weekly Trading Report (26-30)-03-2023

Al-Quds Index ended the first quarter of 2023 in the green zone; up by 0.88% than the previous week, to close at the level of 656.70 points after trading in a relatively narrow range. This mainly came amid medium-volume transactions that were raised by executing a transaction of 1.17 million shares on the stocks of the National Insurance Company NIC. However and in this period, the variation scope concerning the traders’ interests is enhanced during this period; the buyer of the stock in this drop trend – discounted by dividends value- may be motivated by the historical technical performance of the share in pre and post the dividends entitlement announcement or by the expected company’s profits growth or else by the share’s attractive market indicators related to the new recorded low price. While the seller of a stock with discounted price by the dividends value may be motivated by liquidating his holdings in order to capture another stock that holds dividends in a near period or the trader himself has just achieved a targeted total shareholder’s return (dividends and capital gain).

On another hand, the listed companies continued to raise their recommendations regarding distributing dividends for the shareholders for the year 2022. In this context, the board of directors of Ramallah Summer Resorts RSR raised a recommendation to the general assembly to distribute 4% cash dividends for the year 2022. Also, the board of directors of The National Bank TNB raised a recommendation to the general assembly to distribute 5% cash dividends for the year 2022. Regarding approving the dividends distribution for the year 2022, the general assembly of the Arab Islamic Bank AIB approved, in its ordinary and extraordinary meetings on 28/03/2023, distributing 4.15% cash dividends for the year 2022, to record dividends yield of 2.22% based on the price on the entitlement date. It also approved distributing 5.09% stocks dividends for the year 2022, to raise the paid-up capital from $96.22 million shares to $101.12 million shares. In addition, the general assembly of Trust International Insurance Company approved in its meeting on 30/03/2023, distributing 10% stocks dividends for the year 2022, to raise the paid-up capital from $15.00 million shares to $16.50 million shares. Also, it approved distributing 20% cash dividends for the year 2022, to record dividends yield of 5.57% based on the price on the entitlement date. In the insurance sector as well, the general assembly of the National Insurance Company NIC approved in its meeting on 30/03/2023, distributing 12.50% cash dividends for its shareholders for the year 2022, to record dividends yield of 2.91% based on the price on the entitlement date. In the same context, the general assembly of Al-Wataniah Towers Company ABRAJ approved in its meeting on 30/03/2023, distributing 23.50% cash dividends for the year 2022, to record dividends yield of 14.69% based on the price on the entitlement date.


 

2024-03-28
Weak trading with the approaching end of Q1 2024

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

 

 

 
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