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2025-05-15
Sahem weekly trading report (11-15)-05-2025
With mid-May, Al-Quds Index broke-through new psychological barrier that has abandoned for a period of time, to record 506.71 points; up by 5.73% than the previous week, after trading in a relatively wide range. With the receding of the wave of holding the general assembly meetings in order to approve the dividends distribution for the year 2024, and the end of the legal period granted to the listed companies to disclose their Q1 2025 financial data, Palestine Stock Exchange PEX witnessed a momentum in the significant news for this week. However, regarding the general assembly meeting decisions, the general assembly of the National Aluminum & Profile Company NAPCO approved in its meeting on 14/05/2025, raising the paid-up capital by 27.27%, to increase from JD11.00 million to JD14.00 million, in the mechanism that the board of directors see appropriate.
Regarding the disclosures of the blue-chips for their financial and operational data for Q1 2025, the largest company in Palestine Stock Exchange PEX by market capitalizations - Palestine Telecommunications PALTEL- disclosed posting net income attributable to the shareholders of the parent company of JD7.89 million in Q1 2025, compared to JD6.24 million in Q1 2024. This mainly resulted from an increase in the company’s revenues. Based on the disclosures figures, PALTEL records book value BV of JD1.71. In the same context, the largest investment company by market capitalizations- Palestine Development and Investment Company PADICO- disclosed posting net income of $6.24 million in Q1 2025, compared to net income $4.94 million in the corresponding period a year earlier. Based on the disclosed figures, PADICO records BV of $1.63.
Regarding the disclosures of the other companies for the financial and operational data for Q1 2025, Arkaan Real Estate Company ARKAAN disclosed posting net income attributable to the shareholders of the parent company of $13.69 million in Q1 2025, compared to $8.57 million in Q1 2024. This mainly resulted from an increase in the dividends yields from $8.46 million in Q1 2024 to $14.64 million in Q1 2025. Based on the disclosures figures, ARKAAN records BV of $3.18. In the insurance sector, the National Insurance Company NIC noted posting net income attributable to the shareholders of the parent company of $0.46 million in Q1 2024, compared to $0.69 million in Q1 2024. This mainly came due realizing net loss from the results of reinsurance contracts and a loss from the stake of the associates’ profits. Based on the disclosed figures, NIC records BV of $2.21.
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