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2009-04-05
Jafar Sadaqa wrote:
Palestine Securities Exchange Still captive of the Partnership between the Palestinian Telecommunications Company and the Kuwaiti ZAIN, Al-Quds index revives with any positive news of the deal and fades whenever the investors heard that the deal is not functioning as it should.
At the beginning of last week, the Prime Minister Dr. Salam Fayyad met with a delegation from PALTEL, in a meeting that had not come out of any statement, which allowed to make the guesses that the meeting was not positive, to detect the index for three days, but the positive statements made by the Prime Minister and Chairman of the Board of Directors of the Company that all issues of the dispute had been resolved except the one item concerning the separation of the fixed-line and cellular phone, raised the index in the last two sessions of the trading week.
In the outcome, the index closed the week trading on 531.95 point, down by 14.68 points or %2.69.
Last week, four sectors" indices fell which are: services, investment, industry, insurance and banking sector index was the only gainer.
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