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Ramadan slumber and anticipation to accomplish PALTEL-ZAIN deal

2009-09-06

Jafar Sadaq wrote:

Quietness still dominates the PSE transactions while Al-Quds index closed in stability for the second week in a row in what is called " Ramadan slumber" that had been added to the anticipation status of PALTEL-ZAIN deal completion. Meanwhile, Al-Quds index closed the last week"s transactions stabled on the level of 501.87 points, with a slightly decline of 0.61 points or %0.12 comparing to the previous week. On the other hand, three sector"s indices closed declining which are Banking, Services and Insurance versus an increase in the indices of Investment and Industry. In terms of activity, average daily traded volume rose by %22.64 to reach 478 thousands share from about 390 thousands shares in the previous week, also average daily trading value rose by %121.15 to reach $1.27 million from about $574 thousands in the previous week. In aggregate, 1362 contracts had been executed last week to trade 2.4 million shares that valued $6.30 million, comparing to 1122 contracts in the previous week when 1.9 million shares had been traded and valued $2.87 million. In general (31) companies’ shares were traded, where (13) witnessed an increase in their closing prices, (14) witnessed a decrease while (4) remaining companies share stable.


 

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