Palestine: Weekly Trading Report - 8 to 12 April

Transcription

1. Weekly Trading Report [08-12/04] 2018 “Al Quds Index closes at the level of 00.455 points” Al-Quds Index in the red zone amid anticipation elements’ overlapping Al-Quds Index was covered with red in this week also, to record a decrease of 545.% than its previous weekly closing level, and a decline of 04.5% than its highest closing level since the beginning of 2018. Whereby, the calmness pace in Palestine Stock Exchange PEX prevailed in terms of liquidity on one hand and price movements on another hand. This came amid growing momentum of holding the general assemblies’ meetings and a steady flow of dividends decisions in conjunction with the start of the earnings announcements of listed companies to disclose their financial statements for the first quarter of this year 2018. On the other hand, the next few weeks will witness reporting first quarterly financial data disclosures, therefore, conservatism will dominate investors in the market due to the overlapping of the elements causing the anticipation and driving the prudence prior to taking any investment or liquidation decision. However, monitoring the financial yield is what attracts the investors mainly in the market, whereby, this period is characterized with accuracy and difficulty in taking any decision due to the expensive opportunity cost. Prospects of increase in stock price due to the accumulation of operating revenues over the year on one hand and distributing dividends on another hand are always parallel motives prior to the investment decision. Regarding the dividends distribution approval for 2017, the general assembly GA of Trust International Insurance Company TRUST approved, in its ordinary and extraordinary meetings on 10/04/2018, raising the paid-up capital from $10.00 million to $15.00 million through distributing 50% stocks dividends for its shareholders. It also approved distributing 20% cash dividends for the year 2017, to record dividends yield of 4.40% based on the price on the entitlement and 45.25% payout ratio based on the EPS of 2017. In the insurance sector also, the GA of Global United Insurance Company GUI approved, in its ordinary and extraordinary meetings on 11/04/2018, raising the paid-up capital from $8.00 million to $9.60 million through distributing 20% stocks dividends. Also, the GA approved distributing 10% cash dividends for the year 2017, to record dividends yield of 4.18% based on the price on the entitlement, and 21.55% payout ratio based on the EPS of 25.74 However, regarding the banking and financial services’ sector, the GA of Al-Quds Bank QUDS approved raising the paid-up capital from $68.38 million to $75.21 million through distributing 10% stocks dividends for its shareholders. It also approved distributing 10% cash dividends for the year 2017, to record dividends yield of 4.26% based on the price on the entitlement and 60.98% payout ratio based on the EPS of the year 2017. This came in the ordinary and extraordinary meetings of the bank on 12/04/2018. On the other hand and regarding the significant news, the board of directors of Al-Aqariya Trading Investment Company AQARIYA will be holding a meeting on 17/04/2018, whereby, will discuss changing the currency of the company from the Jordanian Dinars to US Dollars and therefore, their paid-up capital will be changed from JD5.50 million to $7.76 million.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change Symbol Opening Closing Change 558.78 554.08 -0.84% ABRAJ 1.20 1.26 5.00% 164.34 162.42 -1.17% PID 1.38 1.44 4.35% Industry 102.22 101.66 -0.55% AIG 0.28 0.29 3.57% Insurance 75.24 75.48 0.32% GUI 2.32 2.39 3.02% Investment 29.94 29.78 -0.53% PHARMACARE 3.75 3.85 2.67% Services 41.47 41.11 -0.87% PRICO 0.46 0.47 2.17% Al Quds 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 3,145,419 2,534,554 24.10% 629,084 1,115,900 -43.63% Value in USD 6,811,545 6,117,750 11.34% 1,362,309 1,930,330 -29.43% Most Active Companies This Week # of Traded Total value Shares (USD) 1,110,608 BOP PADICO Company Name 52 Weeks Price Open Price Close Price % Change 2,584,574 2.33 2.35 585,198 1,490,260 2.57 451,475 631,695 1.40 PALTEL 96,056 575,912 APIC 201,577 453,089 ISBK 177,644 WATANIYA High Low 0.86% 2.40 1.32 2.55 -0.78% 2.67 2.40 1.38 -1.43% 1.64 1.06 4.25 4.24 -0.24% 4.85 4.22 2.25 2.25 0.00% 2.30 1.62 395,716 2.24 2.23 -0.45% 2.34 2.01 192,221 193,289 1.03 1.01 -1.94% 1.37 0.85 JPH 39,414 130,151 3.35 3.31 -1.19% 3.70 1.72 AIB 72,209 117,925 1.65 1.60 -3.03% 1.90 1.50 PHARMACARE 9,000 34,650 3.75 3.85 2.67% 3.85 3.59 QUDS 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