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Scarce liquidity with the approaching end of the year 2021

2021-12-09

 Sahem Weekly Trading Report (05-09)-12-2021

In the second week of the last month of the year 2021, Al-Quds Index broke-through the 600 points barrier and rebounded from, to close at the level of 597.97 points; slightly down by 0.003% than its previous weekly closing level after trading in a relatively narrow range.  However, the general liquidity in Palestine Stock Exchange PEX was scarce amid lack of the general drivers and institutional transactions that may increase the trading value in the PEX from time to time and decline in the investors’ appetite that was touched through the slow transactions. On the other hand, the leading stocks- with heaviest weights and effects on Al-Quds Index- acquired the majority of trading in the PEX despite its scarceness, and in parallel to the routine anticipation of the trading types for the end of the year.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Industrial Production Index IPI in Palestine reached 107.56 during October 2021 with a decrease of 1.95% compared to 109.71 in September 2021 (Base Year 2019). IPI for October 2021 decreased due to the decrease in the activities of electricity, gas, steam and air conditioning supply by 12.02% which had a share of 7.38% of the total industry, and the activities of manufacturing industry by 1.20% which had a share of 87.89% of the total industry. While the activities of water supply, sewerage, waste management and remediation increased by 4.61% which had a share of 1.84% of the total industry, and the activities of mining and quarrying increased by 2.00% which had a share of 2.89% of the total industry.

Regarding the leading stocks, the stock of Palestine Telecommunications PALTEL- the largest company in the PEX by market capitalizations- closed at the level of JD5.50; down by 1.61% than the previous week. Also, the stock of the largest investment company in the PEX by market capitalizations – Palestine Development and Investment Company PADICO- closed at the level of $1.23; up by 1.65% than the previous week. In addition, the stock of the largest bank in the PEX by market capitalization- Bank of Palestine BOP- increased by 0.50% than the previous week, to close at the level of $2.01. On another hand, the leading stock of the Arab Palestinian Investment Company APIC stabilized at the level of $3.25 without any change than the previous week.