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PSE issues the seventeenth monthly statistical bulletin (Tadawul) – PSE registers a decline in its index for August comparing to July

2008-09-11

PSE issued yesterday the bulletin number seventeen of its monthly statistical "Tadawul", to summarize the market performance and Al-Quds index movement in addition to trading volumes and values in August 2008. Tadawul indicates the continuous decline waves that had been attained by the most of Arab stock exchanges during August comparing with July. While other stock markets" indices had fell, Al-Quds index in PSE had continued its resistance to this effect where as soon as it reached the resistant level of 647 points to rebound again and rise, where most of the leading Arab markets had indicated to a continuous overall retreat. On the other hand, Tadawul indicated that Al-Quds index closed at the level of 660.50 points at the end of August, while it had closed at 702.34 points at July 2008; these figures put the PSE in rank seven among Arab markets that had registered a decline in their indices. This decline came in effect of descending all the sectors in the market. Despite this decline, Al-Quds index data still indicates that it is rising by 133.24 points (%25.27) at the end of August 2008 comparing to the end of the year 2007 when it closed at the level of 527.26 points, to be ranked in advanced status among the Arab exchange markets in term of annual growth rate as of 31August 2008.