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2022-12-22
Sahem Weekly Trading Report (18-22)-12-2022
In the penultimate week of the end of 2022, Al-Quds Index traded in a relatively wide range, closing at the level of 633.79 points; down by 0.92% than the previous weekly closing level. And despite the liquidity scarcity, 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. While the PEX lacked any institutional transaction that may raise the trading value in the PEX from time to time. On the other hand, the anticipation grows for the year 2023 for the listed companies’ achieved financial results and dividends distribution announcements –either cash or stocks dividends- and what may follow of boosting in the market capitalization and improving in the market in general.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, exports increased in October 2022 by 8% compared to September, 2022. It also increased by 4% compared to October 2021 and reached $138.2 million. On the other hand, imports decreased in October 2022 by 4% compared to September 2022. While it increased by 10% compared to October 2021 and reached $686 million. While the trade balance which represents the difference between exports and imports showed a decrease in trade deficit by 6% in October 2022 compared to September 2022. While it increased by 11% compared to October 2021 and reached $547.8 million.
On the other hand and according to the Palestinian Central Bureau of Statistics PCBS as well, the Construction Cost Index (CCI) for residential buildings in the West Bank reached 119.54 with a decrease of 0.16% during November 2022 compared with 119.74 in October 2022 (base year 2013). At the level of major groups, the price of raw material decreased by 0.27%, and the prices of rental of equipment decreased by 0.19%. At the same time, labor costs and wages remained stable during November 2022 compared with the previous month.
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