With the continuous Israeli aggression on Gaza Strip in this week as well, Al-Quds Index witnessed an increase of 3.72%, than the previous week, to break-though the 600 points level once again after abandoning it, and records 603.13 points. While the listed companies disclosed, in a response to the letter sent by Palestine Capital Market Authority PCMA, the impact of the direct and indirect damages and losses they suffered from, as a result of the aggression on Gaza Strip, pointing out the difficulty of estimating the size of these losses at the present time, due to the continued bombing of Gaza Strip and the difficulty of reaching the affected areas. Regarding Palestine Stock Exchange, it witnessed weak trading movement, derived from the trading conservatism due to the war and the continued anticipation of 9M 2023 financial data disclosures. Whereby, with the end of the current month, 15 days remain to disclose 9M 2023 financial data, in which will not include the effects of the aggression on Gaza.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the overall Wholesale Price Index in Palestine during the third quarter of 2023 recorded a sharp increase by 1.37% compared with the second quarter of 2023 (2.04% for local products, and  by 1.13% for imported products). The main reason for this came due to the increase in the prices of goods of wholesale trade, except of motor vehicles and motorcycles by 1.08%, which constitute 89% of total wholesale trade. In addition the prices of goods of wholesale and retail trade and repair of motor vehicles and motorcycles increased by 3.82%, constituting 11% of total wholesale trade.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS as well, exports increased in August, 2023 by 5% compared to July, 2023. While it decreased by 4% compared to August, 2022 and reached $148.3 million. Also, imports increased in August, 2023 by 7% compared to July, 2023. It also increased by 2% compared to August, 2022 and reached USD $747.2 million. While the trade balance which represents the difference between exports and imports showed an increase in trade deficit by 7% in August, 2023 compared to July, 2023. It also increased by 4% compared to August, 2022 and reached $598.9 million.