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Within its annual revision, Palestine Stock Exchange PEX modified Al-Quds Index sample for the year 2014, after revising the sample used in its calculation, to include 15 companies in 2013- representing 85% of the listed companies’ total market capitalization. After applying the revision criteria, The Golden Wheat Mills Company GMC in the industry sector has been replaced from 2013’s selected sample, to recently include the shares of Jerusalem Pharmaceuticals Company JPH in the same sector. On the other hand, the share of Union Construction and Investment Company UCI in the investment sector has been excluded and replaced by Al-Quds Bank QUDS shares in the banking and financial services sector. The new index sample will be applied starting from the first trading session of 2014; Thursday 02/01/2013.
Al-Quds Index sample for 2014:
Banking & financial services: Bank of Palestine, The National Bank, Arab Islamic Bank, Palestine Islamic Bank, Al-Quds Bank.
Insurance: National Insurance Company.
Investment: Palestine Development & Investment, Palestine Real Estate Investment, Palestine Industrial Investment.
Services: Palestine Telecommunications, Palestine Electric Company, Wataniya Palestine Mobile Telecommunications.
Industry: Birzeit Pharmaceuticals, Jerusalem Pharmaceuticals, Jerusalem Cigarette.