Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

Decline in activity, and Al Quds index closed the year's transactions up by %11.61... And government expenditure pushes the Palestinian economy to grow by %5


Jafar Sadaqa wrote: The main index of Palestine Securities Exchange closed
the year"s transactions on the level of 493 points, recording gains of 51.34 or by %11.62, surpassing the strong pressure has undergone since the beginning of the year. In the last week of the year 2009, Al Quds index gained by 6.99 pints or %1.44 comparing to the previous week. Four influential factors: The PSE had been negatively affected by four key factors since the beginning of the year; the first is the relative recession that experienced by the leading share of Palestinian Telecommunications Company PALTEL since the announcement of a partnership agreement with ZAIN in February and until the announcement of the Board of Directors decision to regard the deal is terminated.  The second factor was the delay of donors" obligations to the PNA, especially in the first half of the year which led to a limited confusion in the PNA"s obligations payment. The third factor was represented with the psychological effects of the global financial crisis of august 2008 and its consequences continued along 2009, while the fourth had been characterized with Dubai debt crisis which followed the announcement of Dubai World Group which is owned by the government to reschedule its debt after 6 months. General Financial Position: In terms of general finance, the year 2009 witnessed a delay in the transfer of the international assistance to the Palestinian Authority, in which the transferred amount to the Palestinian treasury did not exceed $439 million until June 2009, in an average of $73.16 million per month comparing to $947.4 million in the first half of 2008 with an average of $157.9 million per month. In aggregate, The PNA had received a treasury support of $1245 million until last November in 2009, comparing to $1763.1 million in 2008, in which the external support for the budget had exceeded the total deficit by $1634 million. Growth in the West Bank and collapse in Gaza: Economically, international and domestic estimations refers to the Palestinian economy to achieve a growth of %5, which is due mainly to the growth achieved in the West Bank that has increased by more than %7, declining to %5 due to the continued economic collapse in Gaza Strip. Banks top gainers: The rise in Al Quds index in 2009 was driven by the ascending of four of the sectors indices represented in the market, most notably was the banking sector gains of %30.59 by the end of the year. The Services sector was ranked second, up by %6.24, and industry sector index increased by %2.17, and finally the investment sector index by %1.99, while the insurance sector index was the only loser, down at the end of the year by %7.16. Decline in activity: the rise in the index was accompanied with a significant reduction in the activity, in which the average number of shares traded declined by %30.14 to reach 971 thousands shares per day from 1.39 million shares daily in year 2008. The average trading value also declined in 2009 by %58.12 to reach approximately two million per day from about $4.85 million per day in 2008.  



Al-Quds index declines by 0.20% in the penultimate week of September

Medium liquidity with the start of routine anticipation for the 9M 2017 financial data disclosures

A transaction on the stocks of PALTEL raises the liquidity levels this week



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013