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2024-07-18
Sahem weekly trading report (14-18)-07-2024
In this week as well, Al-Quds Index closed in the red zone; down by 1.27% than the previous week, to record 512.65 points. While some leading stocks and others witnessed trading activity. However, Palestine Stock Exchange PEX witnessed executing several cross transactions on the stock of Trust International Insurance Company TRUST, to raise the trading value in the PEX to a relatively medium level. However, the anticipation increases this period to disclose the semi-annual financial data for 2024, which affects the investors’ behavior in the market during the coming period.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the Consumer Price Index CPI in Gaza Strip has sharply increased by 247% since October 2023 up to the end of June, 06/2024 as a result of the ongoing Israeli aggression against Gaza Strip, while it showed stability, for the same period, in the West Bank. The overall Consumer Price Index CPI for Palestine during June 2024 increased by 0.83% compared with May 2024 (1.91% in Gaza Strip, While, the CPI decreased by 0.16% in Jerusalem and by 0.10% in the West Bank). Also, The Palestinian CPI during June 2024 increased by 54.04% compared with June 2023 (254.45% in Gaza Strip, 4.31% in Jerusalem, and 2.42% in the West Bank).
On another hand, the listed companies continued to determine dates to hold their board of directors BODs’ meetings in order to discuss and approve the financial data for the end of June 2024. In this context, the BOD of the National Aluminum & Profile Company NAPCO will be holding a meeting on 23/07/2024. Also, the BOD of Birzeit Pharmaceuticals BPC will be holding a meeting on 24/07/2024. Moreover, the BOD of the Vegetable Oil Industries Company VOIC will be holding a meeting on 30/07/2024. In addition, the BOD of Al-Wataniah Towers Company ABRAJ will be holding a meeting on 14/08/2024.
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