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Weekly Trading Report: Al-Quds Index Closes at 500.18 Pts.

NABLUS, October 29, 2009 (WAFA)- This week the Palestine Security Exchange  PSE transactions value increased by %201.58 reaching $13.67 million within trading of 4.67 million shares.

PSE clarified: when transactions had been concentrated on BOP to constitute approximately %71 from market aggregate trading value while, Al-Quds index dropped by %1.18 and closed at the level of 500.18. In general (30) companies’ shares were traded, where (9) witnessed an increased in their closing price, (14) witnessed a decreased while (7) remaining companies’ share stable.

Services sector’s declined by %1.45, when PALTEL decreased by %1.32 to close at the level of JD5.22 after trading of 0.22 million shares that valued $1.65 million, while WASSEL ended the week transactions stabling at the level of JD0.63, after its financial results as of 30/9/2009 indicated a pretax income of JD0.59 million compared with a pretax income of JD 0.68 million in the third quarter of 2008.In the same sector PEC descended by %1.02 to close at the level of $0.97 after transactions that valued approximately $46 thousands. It's worth to mention that the trading on GLOBALCOM Telecommunications had started on 29/10/2009, noting that the paid up and subscribed capital of the company reached $9.53 million, and the company offers wireless internet services and voice over IP. The share closed at the level of $1.25 in its first trading session gaining by %25 comparing to its subscription price.

Investment sector’ index decreased by %1.92, affected by the fall of PADICO which in its turn lost by %3.03 to close at the level of $1.28 after trading of 0.63 million shares that valued $0.82 million. In the same sector PIIC increased by %4.76 to close at the level of JD0.66 after transactions that valued $0.34 million, it's worth to mention that the financial results of the company indicated a pretax income of JD1.93 million compared with unrevised pretax income of JD0.28 million in the first nine month of the year 2008.

Banking sector’s descended by %0.78 where BOP slightly dropped by %0.54 to end its transactions at the level of $3.70 after trading of 2.60 million shares that valued $9.71 million. In the same sector, AIB fell by %0.79 to close at the level of $1.25 after trading that valued $58 thousands, while its financial results as of 30/09/2009 indicated a pretax income of $2.62 million compared with a pretax income of $5.37 million in the third quarter of 2008.

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