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An improvement in surrounding markets' indices raises PSE performance

2008-12-14

It seems that the positive indicators that had been imposed on the surrounding markets after the increase that had been noticed in their indices had its major effect on Palestine securities exchange transactions. Al-Quds index increased by %4.02 when it ended to close at the level of 433.68 points simulated by the ascending of all the sectors" indices, to trade 2.87 million shares that had valued $6.32 million. In general (31) companies’ shares were traded, where (21) witnessed an increase, (7) witnessed a decrease and (2) remaining companies" shares stabled.                                                                                  

 Services sector"s index advanced by %5.74 to be the biggest gainer for this week, when PALTEL closed at the level of JD4.56 earning by %6.05 within trading 0.37 million shares that valued $2.34 million to constitute approximately %37 from PSE"s aggregate trading value for the week. In the same sector PEC increased by %1.35 to close at the level of $0.75, while WASSEL gained by %5.80 to end its transactions at the level of $0.73.  

 Investment sector"s index ascended by %2.66, when PADICO earned by %2.36 and closed at the level of $1.30 after trading 1.02 million shares that valued $1.32 million. In the same sector PIIC raised by %13.16 when it ended to close at the level of JD0.43, PRICO and UCI also gained by %5.17 and %3.33 to close at the level of JD0.61 and $0.62 respectively.

 Banking sector"s index gained by %4.41, simulated by QUDS when it advanced by %22.73 and ended the week"s transactions at the level of $0.81 through shallow transactions which their value hadn’t exceeded $40 thousand. BOP also ascended by %1.74 to close at the level of $2.92 within trading 0.23 million shares that valued $0.67 million. In the same sector AMB raised by %12.7 closing at the level of $0.71, while AIB stabled at the level of $1.14.

  Industry sector"s index increased by %2.60, when VOIC gained by %14.20 and closed at the level of JD1.85. As for GMC it earned by %7.23 ending its transactions at the level of JD0.89, while BPC satisfied by earning %0.79 closing at the level of JD3.85.