 send to a friend by email
2018-11-22
Sahem Weekly Trading Report (18-22)-11-2018
Al-Quds Index closed this week, with its four trading sessions, at the level of 526.36 points; down by 0.61% than its previous weekly closing level. In coincidence with the increase in trading value compared to previous week, to trade 4.92 million shares, worth $5.27 million. following executing transaction on the stock of the Arab Hotel Company AHC of 4.25 million shares, where Palestinian Yabous Company for Tourism Investment sold its shares to Sorouh Tourism Investment Company, to become an owner of 21.62% of the company.
Regarding this week’s trading, the price performance of the leading stocks did not witness any significant activity for any of them, to end their trading with varied changing in weights in Al-Quds Index. Whereby, the stock of the largest company by market capitalization – Palestine Telecommunication PALTEL - decreased by 0.23% than its previous weekly closing level, to stand at 4.33 after trading in a relatively narrow range and through transactions worth $0.18 million. It is worth mentioning that the board of directors BOD of the company will be holding a meeting on 02/12/2018, to discuss and approve the estimated budget for the year 2019. Moreover, the stock of the largest investment company by market capitalization – Palestine Development and Investment Company PADICO- decreased by 1.54% than its previous weekly closing level, to close at the level of $1.28. when its transactions hit $0.04 million. It is worth mentioning that the board of directors BOD of the company will be holding a meeting on 03/12/2018, to discuss the estimated budget for the year 2019 and other things. In the same sector, Arab Palestinian Investment Company APIC closed at the level of $2.30; down by 0.88% than its previous weekly closing level and after transactions worth $0.23 million. Moreover, in the banking and financial services’ sector, the stock of the largest bank by market capitalization – Bank of Palestine BOP- closed at the level of $2.33; down by 0.43% than its previous weekly closing level and after transactions worth $0.19 million.
Regarding the economic indicator and according to The Palestinian Central Bureau of Statics PCBS, Exports decreased in September, 2018 by 8% compared to August, 2018. While it increased by 11% compared to September, 2017 and reached USD 81.9 Million. Moreover, Imports decreased in September, 2018 by 7% compared to August, 2018. While it increased by 10% compared to September, 2017 and reached USD 461.1 Million. While The trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 6% in September, 2018 compared to August, 2018. While it increased by 10% compared to September, 2017 and reached USD 379.2 Million.
|
|
-trade
