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2025-04-17
Sahem weekly trading report (13-17)-04-2025
By mid-April, Al-Quds Index recorded an increase by 1.20% than the previous week after trading in a relatively narrow range , to record 484.21 points. This mainly resulted from trading activity on the leading stock of the Arab Palestinian Investment Company APIC. However, Palestine Stock Exchange PEX witnessed, in this week, momentum of holding the board of directors meetings of the listed companies in order to continue raising their recommendation to distribute dividends for the year 2024. Whereby, with mid-April the PEX entered the quarterly financial data disclosures period for Q1 2025, to add to the investors’ anticipation another degree of accuracy and caution.
Regarding the significant news of this week, the listed companies continued to raise their recommendations regarding distributing dividends for the shareholders for the year 2024. In this context, the board of directors of Palestine Poultry Company AZIZA recommended to the general assembly, which will be holding a meeting on 29/04/2025, distributing 25% cash dividends for the year 2024. While in the insurance sector, the board of directors of Palestine Insurance Company PICO proposed to the general assembly, which will be holding a meeting on 19/05/2025, distributing 4.44% cash dividends for the year 2024. It also proposed distributing 22.22% stocks dividends for the year 2024, to raise the paid-up capital from $9.00 million to $11.00 million. Also, the board of directors of Al-Ahliea Insurance Company AIG raised a recommendation to the general assembly, which will be holding a meeting on 29/04/2025, to distribute 2.39% cash dividends for the year 2024. It also recommended distributing 11.11% stocks dividends for the year 2024, to raise the paid-up capital from $13.50 million with a par value of 0.25 per share to $15.00 million with a par value of 0.25 per share.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, with the resuming of the aggression against Gaza Strip since March 19th, 2025 and the closure of commercial crossings in Gaza Strip and the severe shortage of consumer goods as a result of banning them from accessing Gaza Strip markets during March 2025, led to an increase in the consumer price index CPI in Gaza Strip to record a sharp increase of 40.58% compared to February 2025. Also, the CPI recorded an increase in the West Bank by 1.06% and an increase by 0.52% in Jerusalem due to the increase in demand for consumer goods during the holy month of Ramadan, which pushed the consumer price index to record an increase in Palestine by 14.05%.
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