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Al-Quds Index in the red zone with the approaching end of November

2021-11-25

 Sahem Weekly Trading Report (21-25)-11-2021

Palestine Stock Exchange PEX lacked, in the last trading week of November, scarcity in the significant news and events of the listed companies. However, the status of heavy decline in the liquidity levels dominated the PEX in this week as well, leading Al-Quds Index to close at the level of 608.37 points; down by 0.45% than the previous weekly closing level after trading in a relatively narrow range. On the other hand and with the start of December, the anticipation among all types of investors will increase for the last month of the year in waiting for the final outlook of the financial data disclosures for the year 2021.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, exports decreased in September, 2021 by 19% compared to August, 2021. While it increased by 16% compared to September, 2020 and reached $111.9 million. Also, imports decreased in September, 2021 by 9% compared to August, 2021. While it increased by 21% compared to September, 2020 and reached $512.1 million. While the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 5% in September, 2021 compared to August, 2021. While it increased by 22% compared to September, 2020 and reached $400.2 million.

Regarding the economic indicators as well and according to the Palestinian Central Bureau of Statistics PCBS, the Construction Cost Index (CCI) for residential buildings in the West Bank reached 114.71 with an increase of 0.44% during October 2021 compared with September 2021 (base year 2013). Moreover, the Construction Cost Index (CCI) for non-residential buildings in the West Bank reached 114.15 with an increase of 0.42% during October 2021 compared with September 2021 (Base year 2013). Also, the overall Road Cost Index (RCI) in the West Bank reached 109.60 with an increase of 0.40% during October 2021 compared with September 2021 (Base month December 2008).