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2021-12-23
Sahem Weekly Trading Report (19-23)-12-2021
In the penultimate week of the end of the year 2021, Al-Quds Index closed at the level of 603.88 points; slightly up by 0.03% than its previous weekly closing level. While Palestine Stock Exchange PEX witnessed movements between the investment positions, as what happens historically and routinely at the end of each year, in order to affect the investment evaluation. Whereby, two transaction of about 4.00 million shares were executed on the stocks of the largest investment company in the PEX by market capitalization – Palestine Development and Investment Company PADICO-, to constitute the largest stake from the PEX’s total trading value. On another hand, the leading stocks stood still, whereby, some slightly declined than their previous weekly closing levels, and some increased slightly, while, others stabilized without any change than their previous weekly closing level. However, the anticipation grows for the year 2022 for the listed companies’ achieved financial results and dividends distribution announcements- either cash of stocks dividends- and what may follow of boosting in the market capitalization and improving in the market in general.
Regarding the price dynamics, the current price of Palestine Telecommunications Company PALTEL- the largest company by market capitalization and the highest weighted stock in Al-Quds Index- records premium to 52-weeks low of 61.71%, and discount to 52-weeks high of -4.23%. Moreover, the stock of the largest investment company by market capitalization - Palestine Development and Investment Company PADICO- records, based on the current price, premium to 52-weeks low of 61.84%, and discount to 52-weeks high of -4.65%. However, regarding the stock of the largest bank by market capitalization- Bank of Palestine BOP-, it records premium to 52-weeks low based on the current price of 34.23%, and discount to 52-weeks high of -6.98%. On the other hand, the leading stock of the Arab Palestinian Investment Company APIC, reports, based on the current price, premium to 52-weeks low of 18.91% and discount to 52-weeks high of -0.61%.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistic PCBS, exports increased in October, 2021 by 19% compared to September, 2021. It also increased by 34% compared to October, 2020 and reached $132.9 million. Also, imports increased in October, 2021 by 22% compared to September, 2021. It also increased by 36% compared to October, 2020 and reached $624.7 million. While the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 23% in October, 2021 compared to September, 2021. It also increased by 37% compared to October, 2020 and reached $491.8 million.
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