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Weak transactions and the semi-annual data anticipation grows

2023-07-27

 Sahem Weekly Trading Report (23-27)-07-2023

With the approaching end of July, the trading pace in Palestine Stock Exchange PEX didn’t differ than the trading pace in the previous weeks. Whereby, it is still quiet and weak regarding the price movements. While the performance of one listed stock didn’t exceed any other. Where, Al-Quds Index closed at the level of 643.34 points; down by 0.14% than the previous week after trading in a relatively narrow range. However, this week lacked any institutional transactions in which may raise the trading value in the PEX from time to time. On the other hand, the anticipation increases for the semi-annual financial data disclosures, whereby, the next days are expected to witness momentum in this regard especially with the approaching end of the legal granted period to disclose the semi-annual data with mid-August.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, exports increased in May 2023 by 27% compared to April 2023. It also increased by 21% compared to May 2022 and reached $142.7 million. Also, imports increased in May 2023 by 24% compared to April 2023. It also increased by 7% compared to May 2022 and reached $720.3 million. On the other hand, the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 23% in May 2023 compared to April 2023. It also increased by 4% compared to May 2022 and reached $577.6 million.

Regarding the economic indicators 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 120.04 with a decrease of 0.42% during June 2023 compared with 120.55 in May 2023 (base year 2013). At the level of major groups, the prices of raw material decreased by 0.84%, and the prices of rental of equipment decreased by 0.37%. While, the prices of the labor costs and wages increased by 0.54% during June 2023 compared with the previous month.


 

2023-09-21
Al-Quds Index below the 640 points level with the approaching end of September

2023-09-14
Several transactions raise the trading value to a relatively noticeable level

2023-09-07
Al-Quds Index in the red zone in the first week of September

 

 

 
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