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2025-01-09
Sahem weekly trading report (05-09)-01-2025
The first sessions of the year 2025 were not characterized with any quality, whereby, the liquidity levels in Palestine Stock Exchange PEX are still scarce, and the price movements are still slow amid a relative quietness among the investors with their different types, especially with the continuous Israeli Aggression on Gaza Strip for this day. Where, Al-Quds Index ended this week at the level of 487.83 points; down by 2.10% than the end of the year 2024 after trading in a relatively wide range. While the yearly closing of the year 2024 was the lowest since the year 2021, to record 498.30 points; down by 15.35% than the previous year. Moreover, the stocks of blue-chips- with heaviest weights and effects on Al-Quds Index- witnessed a decline in their prices than the year 2023. On another hand, the coming period will witness an increase in anticipation among of investors’ types for expecting the annual financial data disclosures of the listed companies.
Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, estimates indicate by the end of 2024 an unprecedented sharp contraction in the GDP of the Gaza Strip, with a decrease exceeding 82%, along with a rise in the unemployment rate to 80%. This contraction has also affected the economy of the West Bank, where the GDP declined by more than 19%, and the unemployment rate rose to 35%. In total, these factors have contributed to a 28% decline in the Palestinian economy, along with a rise in the unemployment rate to 51%.
On the other hand and within its yearly modification that coincides with the end of the year 2024, Palestine Stock Exchange PEX reviewed the composition of Al-Quds Index for the year 2025 and approved the same old composition of the year 2024 without any change, whereby, the number of companies included in the composition reaches16 companies out of 48 listed companies. The composition of the year 2025 consists of, from the banking and financial services sector: Bank of Palestine, the National Bank, Palestine Islamic Bank, The Arab Islamic Bank, Al-Quds Bank, and Palestine Investment Bank. From the insurance sector: The National Insurance Company. From the investment sector: Palestine Development & Investment “ PADICO HOLDING”, Arab Palestinian Investment “APIC”, Palestine Real Estate Investment ,Arkaan Real Estate Company, and Palestine Industrial Investment Company. From the industry sector: Jerusalem Cigarette and Birzeit Pharmaceuticals. And from the services sector: Palestine Telecommunications, and Wataniya Palestine Mobile Telecommunications.
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