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A transaction on TNB raises the trading value significantly

2022-09-01

 Sahem Weekly Trading Report (28-08)-(01-09)-2022

With the start of September, Palestine Stock Exchange PEX witnessed significant increase in total trading value, raised by executing a cross transaction of 15.86 million shares of the National Bank TNB, which most of it was executed off-floor. Where Palestine Telecommunications PALTEL sold its owned shares in TNB to Arkaan Real Estate Company ARKAAN. On the other hand, Al-Quds Index closed with an increase of 0.16% than the previous week, closing at 635.05 points. In another context and as obvious to the observer, the current month of September is of much importance with creating a clearer image of the financial results for the first nine months of 2022, because of their ability to boost the price jumps to chart the trend of the market until the end of the year.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Producer Price Index (PPI) for Palestine with its base year (2019) reached 103.38 in July 2022, as it increased by 0.33% compared to June 2022. The changes of PPI for July 2022 were traced back to the increase in the prices of the following major activities compared to the previous month: electricity, gas, steam and air conditioning supply by 2.74%, which constitute 8.23% from total major activities. Agriculture, forestry and fishing by 0.53%, which constitute 29.94% from total major activities. Mining and quarrying by 0.50%, which constitute 58.92% from total major activities. Manufacturing by 0.08%, which constitute 58.92% from total major activities. While agriculture, forestry and fishing declined by 4.74%, which constitute 1.50% from total major activities.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS also, exports increased in June, 2022 by 12% compared to May, 2022. It also increased by 5% compared to June, 2021 and reached $131.6 million. On the other hand, imports decreased in June, 2022 by 3% compared to May, 2022. While it increased by 20% compared to June, 2021 and reached $652.5 million. While the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 6% in June, 2022 compared to May, 2022. While it increased by 24% compared to June, 2021 and reached $520.9 million.

 


 

2022-10-06
Al-Quds Index declines in the first week of October

 

 

 
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