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PALTEL & PADICO prevents Al-Quds Index decline


Where Israel claimed for technical reasons, it had delayed the clearing proceeds transfer to the Palestinian national authority that represents more that %60 from the authority income. This caused a delay in salaries disbursement to the PNA employees in the scheduled date that the government had committed with is the first week from every month. The PNA commitment in paying the salaries had constituted a major support to the Palestinian economy, after 16 months of salaries disbursements discontinuity within the previous government. In the meanwhile, PSE vouched quiet transactions where the activity declined by approximately the half versus last week. Al-Quds index closed increasing by less than a quarter of one percentage but still below the level of 700 points that gad penetrated downward before two weeks .Al-Quds index closed at the level of 698.20 points rising by %0.22 affected by the decline of three sectors" indexes and the increase of two sectors.


Al-Quds Index in the green zone despite the political instability



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