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PSE in a week... The first quarter disclosures sequence: an increase in activity and a decline in AL-Quds index

2009-04-26

Jafar Sadaqa wrote:
Palestine Securities Exchange witnessed active transactions at the end of last week, following the announcement by the Minister of Communications Kamal Hassouna about the partnership deal between the Palestinian Telecommunications Company PALTEL and Kuwaiti ZAIN that will be completed within days, cutting the quiet market throughout the first four trading sessions of the week.
During the week, listed companies continued to disclose the results of the first quarter, but the market is still waiting for the leading companies, particularly PALTEL and PADICO and BOP; the companies with most influential shares in the market.
The last day of the week raised the average number of shares traded by %33.21 to about 940 thousand shares per day from approximately 706 thousand shares a day in the previous week, as the trading value jumped by %69.13 to about 3 million dollars a day from about 1.6 million dollars a day in the previous week.