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2024-02-22
Sahem Weekly Trading Report (18-22)-02-2024
In this week, Al-Quds Index, declined by 1.14% than the previous week, to close at the level of 552.57 points after trading in a relatively narrow range. While Palestine Stock Exchange PEX is still characterized with relative quietness, scarceness in liquidity and lack of any institutional transactions that may raise the trading value in the market from time to time. While the significant news witnessed a momentum in this week, whereby, the listed companies continued to disclose their annual data for the year 2023.
Regarding the listed companies disclosures for this week, Palestine Industrial Investment Company PIIC disclosed posting net income attributable to the shareholders of the parent company of JD4.27 million in 2023 compared to JD5.17 million in 2022. This mainly resulted from a decline in the company’s sales. Based on the disclosed figures, PIIC records book value BV of JD2.98, and P/BV of 0.94x. Also, Palestine Poultry Company AZIZA noted posting net income of JD3.35 million in 2023 compared to JD2.82 million in 2022. This mainly came due to the decline in the company’s expenses. Based on the disclosed figures, AZIZA records BV JD2.47, and P/BV of 1.23x.
In the same context, the National Carton Industry Company NCI disclosed posting net income of $0.95 million in 2023, compared to $0.66 million in 2022. This mainly resulted from a decline in the cost of goods sold. Based on the disclosed figures, NCI records $1.53 BV and P/BV of 1.10x. In addition, the Arab Company for Paints Products APC disclosed posting net income of JD0.12 million in 2023 compared to JD0.55 million in 2022. This mainly resulted from a decline in the company’s sales. Based on the disclosed figures, APC records BV of JD3.14 and P/BV of 2.31x.
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