Company Lookup

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index stands still amid medium-volume transactions


 Sahem Weekly Trading Report (09-13)-10-2022

In this week, the performance of Palestine Stock Exchange PEX didn’t differ than from the previous weeks, whereby, trading volume is still medium with executing several small to medium volume transactions on the blue-chips and others. However, the anticipation for the 9M 2022 financial disclosures’ month dominated the investment appetite and investors’ behavior. Where, stalling in the place outweighed pursuing any price trend. Despite the similar general trend in the blue-chips’ stocks, but the momentum factors vary among them following the varied growth factors that has been drawn by each alone, and which was extracted by the investor since the beginning of the year, in parallel to the quarterly financial data disclosures. The 9M financial data disclosures are one of the important things that boost the growth expected factors in the market. While, with entering the legal period granted to the listed companies to disclose their 9M 2022 financial data, Al-Quds Index traded in a relatively narrow range, standing still at 624.94 points, with a decline of 0.07% than the previous week.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Consumer Price Index CPI for Palestine during September 2022 recorded a sharp increase by 1.30% compared with August 2022 (2.12% in Gaza Strip, 1.20% in the West Bank, and by 0.50% in Jerusalem). This came due to the increase in the prices of sub groups compared with the previous month, including: fresh vegetables by 12.16%, fresh chicken by 11.69%, eggs by 8.31%, electricity by 5.34%, fresh fruit by 4.99%, education services by 2.35%, liquid fuel for car “diesel” by 2.22%, dried vegetables by 2.18%, health services by 1.48%, versus a decline in the prices of fresh meat by 1.82%, liquid fuel for car “petrol” by 1.71%, flour of cereals “ white flour” by 1.01%, and vegetable oils by 0.81%. Moreover, the Palestinian CPI during the first nine months of 2022 increased by 3.57% compared with same period of the previous year (4.49% in Jerusalem, 3.55% in the West Bank, and by 3.06% in Gaza Strip). In addition, the Palestinian CPI during September 2022 increased by 4.04% compared with September 2021 (4.50% in Jerusalem, 4.26% in the West Bank, and by 3.06% in Gaza Strip).


Al-Quds Index below the 640 points level with the approaching end of September

Several transactions raise the trading value to a relatively noticeable level

Al-Quds Index in the red zone in the first week of September



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013