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Al-Quds Index in the red zone with the start of March

2026-03-05

 Sahem weekly trading report (01-05)-03-2026

With the start of March, Al-Quds Index continued its declining that started several weeks ago, to decrease below the 600 points level, closing in the red zone after trading in a relatively narrow range. While the blue-chips and other shares witnessed a decline in their prices than the previous week. However, with the outbreak of the war in Palestine and the entry of the annual routine price cycles following the financial data disclosures and dividends distribution trends’ announcements and the holy month Ramadan, Palestine Stock Exchange PEX’s performance has not differed this week from the previous weeks. Whereby, the lack of liquidity and slow price movement still dominates the trading in the PEX. Meanwhile, the listed companies continued to raise their recommendations regarding the dividend distribution to shareholders for the year 2025. Where, the board of directors of Tamkeen Insurance Company TPIC proposed to the general assembly distributing 5% cash dividends for the year 2025.

Regarding the significant news of this week, the general assembly of Wataniya Palestine Mobile Telecommunications OOREDOO approved, in its meeting on 03/03/2026, offsetting the accumulated losses through using the share premium of $11.61 million to pay off part of the accumulated losses as of the data of 2025, to reduce the accumulated losses from $128.00 million to $116.39 million. It also approved lowering the paid-up capital through reducing the number of shares in order to cover the remaining accumulated losses amounting to $116.39 million, to decrease the paid-up capital from $293.00 million/share to $176.61 million/share; down by 39.72%. Each shareholder will bear a share of the loss offsetting process proportionate to their shareholding, with fractional shares rounded up to the nearest whole number. After rounding up the fractional shares, 55 additional shares were added. The shareholder, OOREDOO’s employees saving fund, agreed to have these shares deducted from its total number of shares owned in the company, bringing the total number of shares to $176.61 million.  Accordingly, OOREDOO stock will be suspended from trading starting from the date of the general assembly until the completion of the capital reduction procedures. All transactions on the shareholders' register related to ownership, such as off-flour transfers, will also be suspended.