Palestine: Weekly Trading Report - 26 February to 3 March

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1. Weekly Trading Report ]26/02-02/03[ 2017 “Al Quds Index closes at the level of 532.49 points” Exchange of roles within the activity list and a momentum in the dividends distribution proposals Al-Quds Index closed at the level of 532.49 points in this week; down by 0.28% than its previous closing level. With the entry of the annual routine price cycles following the financial data disclosures and dividends distribution trends’ announcements, Palestine Stock Exchange PEX’s performance has not differed this week from the previous weeks of 2017. Whereby, the lack of liquidity still dominates the trading in the PEX despite changing the positions of the most active stocks. Moreover, this week the PEX witnessed a momentum in the dividends distribution announcements of the year 2016. Regarding the dividends distribution recommendations that were approved and announced recently, the general assembly GA of the Arab Company For Paints Products APC approved, in its meeting on 27/02/2017, the recommendation of the board of directors BOD to distribute 40% cash dividends beginning from 15/03/2017. According to the announcement, APC records dividends yield of 7.72%, while, its price didn’t decline below its equivalent price. On the other hand , the BOD of the AL-Shark Electrode Company ELECTRODE proposed to the GA that will be holding a meeting on 23/03/2017, distributing 12% cash Dividends for the year 2016, to record dividends yield of 6.00%. Also, the BOD of Palestine Industrial Investment PIIC proposed to the GA that will be holding a meeting in the last quarter of April, distributing 6% cash dividends for the year of 2016, to record dividends yield of 2.83%. Furthermore, the BOD of Beit Jala Pharmaceutical Company BJP proposed to the GA that will be holding a meeting in the second half of April, distributing 15% cash dividends for the year 2016, to record dividends yield of 6.25%. Regarding the BOD of Palestine Poultry Company AZIZA, it proposed to the GA that will be holding a meeting in the second half of April, distributing 18% cash dividends for the year 2016, to record dividends yield of 6.43% . Regarding the trading of this week, trading on the stocks of the banking and financial services’ sector was active. Whereby, the stock of Al-Quds Bank QUDS took the lead by topping the PEX by trading value, when recorded $ 2.11 million; contributing for 25.34% from PEX total week’s trading value that was raised through executing a transaction of 1.32 million stocks. QUDS closed at the level of $1.37; up by 3.79% than its previous closing level. Moreover, trading was active on the stocks of Bank of Palestine BOP- the largest bank by market capitalization-, to close at the level of $2.71; down by 0.73% than its previous closing level and through transactions worth $1.41 million. Moreover, the transections of Palestine Islamic Bank ISBK stood at $1.24 million, leading the stock to increase by 4.29% and close at the level of $2.19. Regarding the largest company by market capitalization- Palestine Telecommunications PALTEL-, its stock price declined by 0.20%, to close at the level of JD4.99 through transactions worth $0.81 million. However, the stock of largest investment company by market capitalization- Palestine Development and Investment Company PADICO- closed at the level of $1.05; down by 1.87% than its previous closing level and through transactions worth $1.56, which was raised through executing two transactions during the week of 1.00 million shares.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 534.00 532.49 -0.28% 152.92 154.22 Industry 79.08 Insurance Investment Services Al Quds Symbol Opening Closing Change PICO 2.00 2.31 15.50% 0.85% PIBC 1.05 1.10 4.76% 78.32 -0.96% ISBK 2.10 2.19 4.29% 65.65 66.33 1.04% QUDS 1.32 1.37 3.79% 25.16 24.86 -1.19% TNB 1.88 1.90 1.06% 44.40 44.19 -0.47% - - - - Banking & Financial Services Summary of the Week Performance Item Current Week Last Week Change Daily Average Ratio of this Week Daily average of Change Ratio 2016 # of Shares 5,104,520 3,031,596 68.38% 1,020,904 950,275 7.43% Value in USD 8,332,868 7,189,815 15.90% 1,666,574 1,816,948 -8.28% Most Active Companies This Week # of Traded Total value Shares (USD) QUDS 1,589,959 PADICO Company Name 52 Weeks Price Open Price Close Price % Change 2,111,453 1.32 1.37 High Low 3.79% 1.37 1.11 1,513,756 1,559,073 1.07 1.05 -1.87% 1.22 1.01 BOP 523,039 1,413,606 2.73 2.71 -0.73% 2.97 2.48 ISBK 579,070 1,237,707 2.10 2.19 4.29% 2.26 1.25 APIC 466,018 872,384 1.94 1.90 -2.06% 1.94 1.12 PALTEL 115,472 811,716 5.00 4.99 -0.20% 5.70 4.75 AIB 44,221 81,022 1.85 1.85 0.00% 1.87 1.32 WATANIYA 50,134 41,668 0.83 0.82 -1.20% 0.90 0.78 UCI 100,120 37,101 0.39 0.38 -2.56% 0.41 0.32 PRICO 49,400 34,272 0.49 0.49 0.00% 0.62 0.48 A registered member at PEX, regulated by PCMA Tel 02-2965710 / Fax: 02-2965713 / P.O. Box: Ramallah (2187) E-mail: Research@Sahem-inv.com