Palestine: Weekly Trading Report - 4 to 8 March

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1. Weekly Trading Report [04-07/03] 2018 “Al Quds Index closes at the level of 587.59 points” Al-Quds Index trades in a reverse direction amid the continuous dividends distribution proposals Al-Quds Index traded in a reverse direction this week, with four trading sessions, than the previous week, to decline by 0.28% and record 587.59 points following a weakness in trading on the stocks of blue-chips with the highest weights in the Index, whereby, some closed downward and some closed with slight increase, while, others stabilized compared to the previous weekly closing levels. On the other hand, the liquidity and its indicators’ levels are still scarce if we exclude the institutional transactions, which witnessed a momentum on the stocks of the banking and financial services sector; whereby two transactions were executed in the this week on the stocks of Al-Quds Bank QUDS of 0.73 million shares and a transaction on the stocks of Palestine Islamic Bank ISBK of 0.50 million shares was also executed. In another context, the dividends distribution announcements pace for the year 2017 continued in the period that follows the annual financial data disclosures of the listed companies. Within the dividends distribution strategy, 16 companies raised their recommendations till this moment regarding distributing dividends for the year 2017, whereby, 10 companies proposed distributing cash dividends, 5 companies recommended distributing both cash dividends and stocks dividends, while, only one company has approved distributing cash dividends until now. Regarding the dividends distribution approvals for the year 2017, the general assembly GA of the Arab Company for Paint Products APC approved distributing 50% cash dividends for the year 2017, to be the first company in the Industry sector to approve its proposed cash dividends. This came during its GA meeting on 05/03/2018. Based on the approved percentage, APC records dividends yield of 7.58% based on the price on the entitlement date and payout ratio of 62.34% based on the EPS of 2017. On the other hand and in the market, APC closed at the level of JD6.60 without any change than its previous weekly closing level, while, traded above its equivalent price. In the same context and based on the company’s announcement, APC will start to distribute the approved dividends beginning from Sunday 10/03/2018. However and regarding the dividends distribution recommendations, the board of directors BOD of Palestine Securities Exchange Company PSE raised a recommendation to the GA, which will be holding a meeting on 17/04/2018, to distribute 6% cash dividends for the year 2017, to record dividends yield of 1.21% based on the current market price. Regarding this week’s trading, Al-Quds Bank QUDS topped Palestine Stock Exchange PEX in terms of trading value when its transactions contributed for 31.04% from total trading value in the PEX this week. This followed executing two transactions on its shares. Moreover, the stock of Palestine Islamic Bank ISBK followed when its transactions contributed for 24.65% from total trading value in the PEX due to executing a transaction on its shares in the week. However, the stock of the National Insurance Company NIC followed when its transactions constituted for 13.39% from total trading value of the PEX. At last came the leading stock of the Arab Palestinian Investment Company APIC when its transactions contributed for 8.57% from total trading value in the PEX this week.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 589.25 587.59 -0.28% 165.38 165.05 Industry 102.77 Insurance Investment Services Al Quds Symbol Opening Closing Change GUI 2.22 2.33 4.95% -0.20% NSC 1.51 1.58 4.64% 102.74 -0.03% AHC 0.50 0.52 4.00% 77.91 77.47 -0.56% GMC 0.83 0.85 2.41% 31.12 30.96 -0.51% BPC 5.40 5.50 1.85% 45.36 45.31 -0.11% ISBK 2.23 2.27 1.79% 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 2017 # of Shares 3,122,290 2,650,597 17.80% 780,573 1,115,900 -30.05% Value in USD 6,823,237 3,876,384 76.02% 1,705,809 1,930,330 -11.63% Most Active Companies This Week # of Traded Total value Shares (USD) QUDS 1,007,432 ISBK NIC Company Name 52 Weeks Price Open Price Close Price % Change 2,117,998 2.13 2.13 739,742 1,682,122 2.23 202,475 913,540 4.49 APIC 260,000 585,074 PALTEL 70,035 475,999 BOP 134,751 PADICO High Low 0.00% 2.15 1.32 2.27 1.79% 2.34 2.01 4.40 -2.00% 4.85 2.90 2.27 2.28 0.44% 2.30 1.62 4.82 4.85 0.62% 5.19 4.46 350,313 2.61 2.61 0.00% 2.78 2.40 121,616 181,455 1.52 1.50 -1.32% 1.64 1.03 AIG 346,592 108,524 0.30 0.30 0.00% 0.49 0.13 BPC 16,305 88,616 5.40 5.50 1.85% 5.50 4.85 WATANIYA 64,090 65,594 1.04 1.01 -2.88% 1.37 0.82 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