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Quietness and decline in Al-Quds index for the second week

2009-10-25

Jafar Sadaqa wrote:

The main index in Palestine Securities Exchange continued to decline last week for the second week in a row, and closed the week"s transactions at the level of 506.17 points dropping by 2.35 points or %0.46. Al-Quds index had been affected by the descending of three sectors indices: Investment, Banking and Insurance versus a slightly increase in the indices of Services and Industry sectors. In terms of activity, the market witnessed a noticeable decline in trading volume when dropped by %28.60 to reach 449 thousands shares as a daily average from about 630 thousands shares in the previous week. Trading value also dropped by %7.58 to reach $906 thousands as daily average from about $981 thousands in the previous week.  In aggregate, the PSE witnessed 1133 transactions within 2.2 million shares that valued $4.50 million, comparing to 1748 transactions in the previous week within 3.1 million shares that had valued $4.9 million.  In general (30) companies’ shares were traded, where (11) companies witnessed an increase in their closing prices, (14) witnessed a decrease while (5) remaining companies’ shares stabled.