Palestine: Weekly Trading Report

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1. Weekly Trading Report ]12-16/03[ 2017 “Al Quds Index closes at the level of 536.85 points” Successive anticipations coinciding with proposing dividends’ distribution This week, Al-Quds Index maintained a relatively narrow price range, to close at the level of 536.85 points; up by 0.28% than its previous closing level. On another hand and despite the reinforcement of the investment feasibility in Palestine Stock Exchange PEX- with the expectations’ rise of the returns’ achievement with the increase in dividends’ proposals of the listed companies- , the calmness in the PEX may be justified with the decline in the general incentives. However, with the approaching end of the first quarter of the year 2017, the coming period will witness new anticipation with the start of listed companies to disclose their quarterly financial and operational results, to charge some optimism for that could appear as new liquidity activity. Within the blue-chips recommendations regarding distributing dividends for the year 2016, the board of directors of Bank of Palestine BOP- the largest bank by market capitalization- raised a recommendation to the general assembly, which will be holding a meeting on 06/04/2017, to distribute $25.35 million dividends for the shareholders; $4.99 million as stocks dividends, to raise the paid-up capital to $200 million (2.56% from the paid-up capital before the distribution), and $20.36 million as cash dividends (10.44% from the paid-up capital before the distribution). Accordingly, BOP records payout ratio of 40.00% based on the EPS attributable to the shareholders of the parent company as for the end of 2016, and dividends yield of 3.87% based on the current stock price. Moreover, the board of directors of the National Bank TNB recommended to the general assembly, which will be holding a meeting on 20/04/2017, distributing 5% cash dividends, to record payout ratio of 50.51% and dividends yield of 2.56%. On the other hand and in the insurance sector, Trust International Insurance company TRSUT proposed to the general assembly distributing 15% cash dividends, to record payout ratio of 34.01% and dividends yield of 3.33%. Regarding this week’s trading, the leading stock of the Arab Palestinian Investment Company topped the PEX when recorded trading value of $1.76 million, to decrease by 3.11% and close at the level of $1.87 after trading in a relatively wide range. In the banking sector, trading was active on the stock of Al-Quds Bank QUDS after reporting transactions worth $1.47 million, to close at the level of $1.45; up by 3.57% than its previous closing level. Moreover, the stock of Palestine Islamic Bank ISBK witnessed active trading worth $1.38 million, to close at the level of $2.16; down by 1.82% than its previous closing level. Regarding the largest company by market capitalization- Palestine Telecommunications PALTEL- , it increased by 1.00%, to close at the level of JD5.05 through transactions worth $0.94 million. However, Bank of Palestine BOP declined by 0.74%, to close at the level of $2.70 through transactions worth $0.81 million. Furthermore, the stock of Jerusalem Pharmaceuticals Company JPH witnessed active trading when reached $0.52 million, to close at the level of $1.70; down by 2.86% than its previous closing level. Regarding the largest investment company by market capitalization- Palestine Development and Investment Company PADICO- it increased by 2.83%, to close at the level of $1.09 after transactions worth $0.20 million.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 535.37 536.85 0.28% 155.2 154.98 Industry 78.28 Insurance Investment Services Al Quds Symbol Opening Closing Change PIIC 2.10 2.24 6.67% -0.14% AQARIYA 0.70 0.73 4.29% 77.74 -0.69% QUDS 1.40 1.45 3.57% 66.52 66.78 0.39% JCC 0.70 0.72 2.86% 25.09 25.22 0.52% PADICO 1.06 1.09 2.83% 44.27 44.46 0.43% UCI 0.36 0.37 2.78% 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 3,874,098 1,692,430 128.91% 774,820 950,275 -18.46% Value in USD 7,441,985 4,666,735 59.47% 1,488,397 1,816,948 -18.08% Most Active Companies This Week # of Traded Total value Shares (USD) APIC 953,688 QUDS ISBK Company Name 52 Weeks Price Open Price Close Price % Change 1,760,618 1.93 1.87 1,037,079 1,466,386 1.40 628,072 1,385,172 2.20 PALTEL 132,154 939,166 BOP 299,197 JPH High Low -3.11% 1.95 1.12 1.45 3.57% 1.45 1.11 2.16 -1.82% 2.26 1.25 5.00 5.05 1.00% 5.60 4.75 815,036 2.72 2.70 -0.74% 2.90 2.48 330,640 517,403 1.75 1.70 -2.86% 2.00 1.59 PADICO 194,933 205,031 1.06 1.09 2.83% 1.22 1.01 AQARIYA 73,209 75,374 0.70 0.73 4.29% 0.76 1.70 TNB 33,175 62,792 1.90 1.95 2.63% 1.98 1.30 PEC 40,589 45,538 1.14 1.12 -1.75% 1.39 1.09 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