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Scarce liquidity with the start of December

2020-12-03

 Sahem Weekly Trading Report (29-11)-(03-12)-2020

In the first week of December, the status of heavy decline in the liquidity levels which dominated the trading process for several weeks, continued this week too. Whereby, the increase in the prices of the leading stocks- with heaviest weights and effects of Al-Quds Index- led the Index to close in the green zone, recording gains of 1.33% than the previous weekly level, after trading in a relatively wide range and recording 472.84 points. However, this week witnessed scarcity in the significant news and events of the listed companies. Therefore, the last month of the year will be dominated by anticipation among investors for the final outlook of the financial data disclosures of the year 2020.

Regarding the listed companies’ news, the National Bank TNB and the European Investment Bank EIB signed a financing agreement, whereby, EIB supports the resilience of the Palestinian private sector with a $50 million line of credit extended to TNB to be on-lent primarily to local small and medium-sized enterprises (SMEs). This is the European Union EU Bank’s first operation in response to the Covid-19 related emergency in Palestine, and it is part of the Team Europe Initiative to help mitigate the economic consequences of the coronavirus pandemic. The EIB financing comes under the Economic Resilience Initiative (ERI), which is part of the European Union’s response to the challenges in the Southern Neighborhood, such as forced displacement and migration, economic downturns and political crises.

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 97.09 in October 2020, as it increased by 3.36% compared to September 2020. The changes of PPI for October 2020 were traced back to the increase in prices of the following major activities compared to the previous month: agriculture, forestry and fishing goods by 11.76%, water supply; sewerage, and waste management and remediation activities by 0.85% versus a decline in the prices of electricity, gas, steam and air conditioning supply by 1.41%, mining and quarrying by 0.09% and manufacturing by 0.04%.


 

2021-10-24
ARAB posts net income of JD0.02 million in 9M 2021

2021-10-21
Al-Quds Index in a narrow range amid an increase in 9M financial data disclosures anticipation

2021-10-17
PHARMACARE recommends distributing 10% cash dividends for the year 2020

2021-10-14
A transaction on the stocks of TRSUT raises the trading value in the PEX

2021-10-07
Al-Quds Index rebounds upwards in the first week of October

 

 

 
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