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Al-Quds Index continued to increase with the start of February

2022-02-03

 Sahem Weekly Trading Report (30-01)-(03-02)-2022

Executing several transactions in Palestine Stock Exchange PEX on the leading stock of the Arab Palestinian Investment Company APIC and Union Construction & Investment Company UCI in this week have raised the trading value significantly of this week. Whereby, executing such transactions in this routine period may be related to repositioning reasons on specific stocks and sectors during the dividends distribution announcements period. In this context, several transactions of 2.12 million shares were executed on the stock of APIC and several transactions of 4.80 million shares were executed on the stock of UCI. On another hand, Al-Quds Index continued to increase, closing in the green zone at the level of 615.16 points; up by 0.03% than the previous week after trading in a relatively narrow range. On another context, anticipation among all investors’ categories increased during the week as the countdown approached the end of the legal period granted to the listed companies to disclose their preliminary financial data on February 15. Whereby, the next week is expected to witness momentum in the financial data disclosures and proposals for distributing dividends for the shareholders for the year 2021.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Producer Price Index PPI in Palestine with its base year (2019) reached 98.04 in 2021, which indicates an increase by 2.67% compared to 98.04 in 2020. Prices of PPI for 2021 increased due to the increase in the prices of goods in water supply; sewerage, waste management and remediation activities by 25.02%, electricity, gas, steam and air conditioning supply activities by 4.35%, manufacturing activities by 3.80%, and mining and quarrying activities by 0.68%. While the prices of goods in agriculture, forestry and fishing activities decreased by 2.73% in 2021 compared to 2020.  The prices of local exported products increased by 6.72%, and the prices of locally consumed products increased by 2.23%. Moreover, the overall Producer Price Index (PPI) for Palestine with its base year (2019) reached 99.36 in December 2021, as it decreased from 99.71 by 0.35% compared to November 2021.

Regarding the economic indicators as well and according to the Palestinian Central Bureau of Statistics PCBS, exports increased in November 2021 by 12% compared to October 2021. It also increased by 27% compared to November 2020 and reached $148.5 million. Also, imports increased in November 2021 by 2% compared to October 2021. It also increased by 41% compared to November 2020 and reached $635.1 million. While the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 1% in November 2021 compared to October 2021. While it increased by 47% compared to November 2020 and reached $486.6 million.