Company Lookup

Market News

This Month News

This Month News

send to a friend by email

Al-Quds Index in a narrow range with the start of November


 Sahem Weekly Trading Report (30-10)-(02-11)-2022

With the start of November and the approaching end of the year 2022, Al-Quds Index traded in a relatively narrow range. While Palestine Stock Exchange PEX witnessed executing several small to medium volume transitions on the leading stocks with heaviest weights and effects on the Index and other stocks in the banking and financial services’ sector. On the other hand, the anticipation for 9M 2022 financial data disclosures is on the top list of the investors’ agendas, to form clearer vision for the expected annual return.

Regarding the listed companies financial and operational data disclosure for 9M 2022, the disclosure of Wataniya Palestine Mobile Telecommunications OOREDOO came first in the services’ sector. Whereby, OOREDOO noted posting net income of $12.92 million in 9M 2022, compared to net income of $9.94 million in 9M 2021. This mainly came due to an increase in the company’s revenues, whereby, revenues recorded $87.31 million in 9M 2022 compared to $82.71 million in the corresponding period a year earlier. Based on the disclosed figures, OOREDOO records BV of $0.44 and P/BV of 1.91x. It is good to note that the board of directors of the company held a meeting on 06/10/2022, whereby, discussed the latest development regarding launching the 4G/5G frequencies in Palestine.

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 106.98 in September 2022, as it increased by 1.78% compared to 105.11 in August 2022. The increase of PPI for September 2022 was traced back to the increase in prices of the following major activities compared to the previous month: agriculture, forestry and fishing by 5.34%, which constitute 29.94% from total major activates. Electricity, gas, steam and air conditioning supply by 3.74%, which constitute 8.23% from total major activities. Mining and quarrying by 0.12%, which constitute 1.41% from total major activities. Manufacturing by 0.10%, which constitute 58.92% from total major activates. While, water supply; sewerage, waste management and remediation activities recorded a decline of 3.31%, which constitute 1.50% from total major activates.


Al-Quds Index continues to decrease amid the start of new routine anticipation

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