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Active trading since the beginning of 2009... PSE was able to recoup the losses of the index in 2008

2009-04-07

Nablus - With the end of the trading session on 31 March, Palestine Securities Exchange has brought down the curtain on the first trading quarter of the year 2009, where market indices tried to be away from the crisis remnants of 2008 that hit various financial and business markets in the world. In spite of the general volatility and instability in the markets of the region, the results achieved by the market was soaring both in comparison with closings at the end of the year 2008, or in comparison with indices of regional and Arab and emerging, where Palestine market was the best among these markets, according to various reports during the quarter.
In addition, disclosures results indicate that 24 out of 33 companies that revealed their financial statements audited had achieved a profit during the year 2008, while nine companies suffered losses, the loss have been concentrated in the investment sector where three companies out of eight listed companies within the sector had suffered losses, while the rest were distributed among the sectors of industry and banking by two companies for each and one company for each of insurance and services sectors.

Al-Quds Index in Figures:
Al-Quds index closed the end of the first quarter of 2009 at 514.61 points, up by 72.95 points or %16.52 comparing to the closing of year 2008.
This rise comes among the ascending of all sectors indices except the insurance sector, where the banking sector index rose by %12.61 to close at 88.67 points and the industry sector index rose by %1.40 to close at 55.14 points, as well as the investment sector index rose by %6.47 to close at level of 23.54 points, and finally the services sector index rose by %18.05 to close at 55.39 points, on the other hand the insurance sector index fell by %4.88 to close at 54.97 points.

Trading volumes and values:
60 trading sessions were held in Palestine Stock Exchange during the first quarter of 2009, where 91,234,264 shares were traded with a value of $189,041,265 implemented through a contract 28,626.For the first five gainer companies in terms of prices in the first quarter compared with the closure of year 2008, which are PEC by %41.18, BOP by %14.32, AIB by %30.91, PALTEL by %18.02, APC by %17.48. The five loser companies in terms of decline in the prices of shares included: AIE by (33.33%), PIBC rate by (27.84%), NSC by (16.67%), TRUST by (13.92%), PCB by (11.54%). With respect to the size of the market, the market capitalization of the shares listed companies reached $2,381,619,894 at the end of the first quarter of the year 2009 up by %12.18 from the year 2008, while the value of stocks traded reached $189,041,265 up by %38.51comparing with the end of the year 2008.



 


 

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