 send to a friend by email
2020-10-01
Sahem Weekly Trading Report (27-09)-(01-10)-2020
Al-Quds Index continued-in this week as well- to decline, recording loss of 0.79% than its previous weekly closing level, to report 436.16 points. This followed a continuation of declines in the prices of some leading stocks with heaviest weights and effects on Al-Quds Index, to trade at their lowest levels since years. On another hand, Palestine Stock Exchange PEX entered the legal period granted to the listed companies to disclose their 9M 2020 financial data, to raise the anticipation once again for the PEX and investors particularly towards the accumulated yield in their minds. Undoubtedly, the expectations for companies financial data vary based on what had been announced in the first half of 2020 and what was laid out for possible impacts in the third quarter.
Regarding the blue-chips price dynamics, the current price of the largest company in the PEX by market capitalization and the highest weighted stock in Al-Quds Index - Palestine Telecommunications Company PALTEL- records premium to 52-weeks low of 0.30%, and discount to 52-weeks high of 24.09%. Moreover, the current price of Palestine Development and Investment Company PADICO - the largest investment company in the PEX by market capitalization- records, premium to 52-weeks low of 2.78%, and discount to 52-weeks high of 39.84%. However, regarding the stock of the largest bank in the PEX by market capitalization- Bank of Palestine BOP-, it currently records premium to 52-weeks low of 2.56%, and discount to 52-weeks high of 22.33%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, currently reports premium to 52-weeks low of 2.13% and discount to 52-weeks high of 10.45%.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Producer Price Index (PPI) for Palestine with its base year (2018) reached 93.75 in August 2020, as it increased by 0.69% compared to July 2020 which reached 93.10. The changes of PPI for August 2020 were traced back to the increase in prices of the following major activities compared to the previous month versus a decline in others. Whereby, electricity, gas, steam and air conditioning supply increased by 11.57%; constituting 9.33% from the prices of major activities. Water supply; sewerage, waste management and remediation activities increased by 1.23%; constituting 1.69% from the prices of major activities. Mining and quarrying increased by 0.09%; constituting 1.26% from the prices of major activities, versus, a decline in the prices of agriculture, forestry and fishing goods by 1.48%; constituting 32.14% from the prices of major activities, in addition to a decline in the prices of manufacturing by 0.01% constituting 55.59% from the prices of major activities.
|
|
-trade
