Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

$51 million is the gains of Palestine securities exchange in the first week of the New Year


Palestine Securities Exchange started its new year by gaining Al-Quds index of % 3.25 in the first week of the year, to reach $51 million as gains this week. After the stock market was affected negatively in the last week of the year 2008, which had witnessed the start of the Israeli war on the Gaza Strip, it seems that the stock market managed to bypass this shock in the following week (the first year, 2009). The leading shares especially the Palestinian Telecommunications Company PALTEL, was the main lever Al-Quds index, as PALTEL rose by %2.63 to close at the level of JD 5.07 representing about 3 million dollars that constituted %62.72 of the total market transactions. PALTEL had vouched intensive demands for the second week in a row versus scarce and almost non-existent offers sometimes. Al-Quds index closed the trading week on 456 points, a rise of 14.34 points from the level it closed the previous week. Four sectors indices recorded an increase compared to a decline in the insurance sector. Accompanied by the rise in the index, there was a decline in market activity as the rate of decline in the number of shares traded reached %67.7 to reach about 400 thousand shares as daily average in the last week comparing to about 1.23 million shares as daily average in the previous week. The trading value rate fell by %39.40 to about $1.2 million per day last week comparing to about two million dollars in the previous week. In total, 1468 transactions were executed last week that included about 1.6 million shares that worth about $4.87 million compared with 717 transactions in the previous week that included about 2.46 million shares that worth about $ 4 million. The past week had vouched four trading sessions, compared to only two in the previous week.



Scarce liquidity in the PEX and 3G mobile networks in the West Bank by the end of January

launching 3G mobile networks in the west bank by the end of January

Relative quietness in the PEX with the increasing anticipation for the annual disclosures

WATANIYA discusses raising its paid-up capital to $293 million

The PEX opens the year 2018 in optimism

The PEX modifies AL-Quds Index composition for the year 2018



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013