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2008-12-14
Palestine Securities Exchange had issued the twentieth edition of its monthly statistical report (Tadawul), which summarized the performance of the market and Al-Quds index in addition to trading volumes and values during the month of November 2008. "Tadawul" showed a decline in the performance of the market in terms of trading value during the period of last November, where Al-Quds index and trading value of shares trade had descended compared with the month of October before.
Al-Quds index performance in November:
Comparing the month of November with the previous month, "Tadawul" indicated that Al-Quds index closed the end of November 2008 at the level of 423.53 points, down by 115.32 points that is %21.40 versus its closing of 30/10/2008.This decline came within the declining of all sectors indices except the insurance sector, which rose % 0.07to close at 60.10 points, on the contrary banking sector"s index fell by %9.19 to close at 77.12 points, industry sector"s index fell by %10.27to close At 54.63 points, as well as the investment sector index declined by %20.15 to close at 22.71 points, and finally the services sector index declined by %24.79 and closed at 41.96 points.
Trading volumes and values:
Regarding trading values and volumes, statistics showed a rise in the number of shares traded during the month of November by concrete compared to October, when recorded an increase that reached % 5.75, while the value of stocks traded during the month of November declined by %31.53 to reach$ 40.3 million compared with $59 million for the month of October 2008, as a result of the decline in the price of many stocks.
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