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Al-Quds Index records gains of 22.97% in 9M 2021

2021-09-30

Sahem Weekly Trading Report (26-30)-09-2021

With the end of Q3 2021, Al-Quds Index continued to decline in the second week in row, realizing loss of 0.75% than the previous weekly closing level, to trade below the 580 points level, recording 579.50 points. Oى the other hand, Al-Quds Index achieved significant gains of 22.97% than its yearly closing at the end of 2020 following the increase in the prices of the leading stocks with heaviest weights and effects, and other stocks, especially the medium-volume ones during the current year. On another hand, Palestine Stock Exchange PEX will enter in the coming week the legal period granted to the listed companies to disclose their 9M 2021 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 2021 and what was laid out for possible impacts in the third quarter.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, primary estimates for GDP at constant prices showed an increase of 4% in Palestine during the 2nd quarter 2021 compared to the 1st quarter 2021 at constant prices, mainly in transportation and storage by 10%, wholesale and retail trade, repair of motor vehicles and motorcycles 5%, (services, agriculture, forestry and fishing 2%), (financial and insurance activities, public administration and defense 1%). On the other hand, it showed an increase of 19% in GDP in Palestine during the 2nd quarter 2021 compared to the 2nd quarter 2020 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 2nd quarter 2021 at constant prices was $3,103 million for the West Bank and $631 million for Gaza Strip. GDP per Capita for Palestine at constant prices was USD 759 during the 2nd quarter 2021, it showed an increase of 3% compared to the 1st quarter 2021. As for the West Bank it was $1,100 at constant prices during the 2nd quarter 2021, it showed an increase by 4% during the 2nd quarter 2021 compared to the 1st quarter 2021, while for Gaza Strip it was $301 during the 2nd quarter 2021, and it showed a decrease by 1% during the 2nd quarter 2021 compared to the 1st quarter 2021.

Regarding the economic indicators as well and according to the Palestinian Central Bureau of Statistics PCBS, exports decreased in July 2021 by 13% compared to June 2021. While it increased by 12% compared to July 2020 and reached $109 million. Also, Imports decreased in July 2021 by 7% compared to June 2021. While it increased by 20% compared to July 2020 and reached $506 million. While the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 5% in July 2021 compared to June 2021. While it increased by 22% compared to July 2020 and reached $397 million.



 

2021-12-02
Al-Quds Index continues its declining with the start of December

 

 

 
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