NABLUS, November 12, 2009 WAFA- This week Palestine Security Exchange (PSE) transactions value raised by %46.68 when reached $4.85 million through trading of 2.34 million shares.
Al-Quds index declined by %0.51 to close at the level of 495.09 points affected by the descending of four of the sectors in the market that had varied between %0.08 for the insurance and %0.87 for the services, against a slightly increase in the investment sector's index. In general, 29 companies’ shares were traded, where 9 witnessed an increased in their closing price, 14 witnessed a decreased while 6 remaining companies' shares stabled.
It is worth to mention that the PSE announced halting its operations in the occasion of the anniversary of independence declaration on Sunday 15/11/2009, and to exercise its operations on the morning of Monday 16/11/2009.
Services sector's index declined by %0.87 when PALTEL had lost by %0.77 to close at the level of JD5.17 after trading 0.36 million shares that valued $2.65 million, also Addustour newspaper reported from an informed source that the negotiations between ZAIN and VTEL regarding merging and listing the last within the deal of shares swap between PALTEL and ZAIN, had ended without reaching an agreement and the %25 from VTEL's shares that had been allocated within the deal will not be listed, indicating that the two companies had agreed on cooperation formula without the merging process.
On the other hand, it had been reported that the telecommunications regulatory authority that was waiting the competition directorate's decision regarding the transaction had actually finished the study of shares swap between the two companies noting that the authority had approved the deal earlier and notified ZAIN with the decision, also the directorate had been notified by the authority's status in this regard.
The board's chairman of Qatar Telecom Qtel Sheikh Abdullah Bin Mohammed Bin Saud Al Thani stated that 'Al Wataniya Mobile' will invest $700 million among the coming ten years. These statements came within the official celebration of the Wataniya commercial service launching; the board chairman added that $140 million had been invested in licensing fees and more than $100 million in network building. In the same sector, GCOM declined remarkably by %18.37 when it ended the week's transactions at the level of $1.20 Investment sector's index increased slightly by %0.09, when PADICO retreated by %0.79 and closed t the level of $1.26 within trading of 0.32 million shares that valued $0.41 million.
In the same sector, PIIC and PRICO advanced by %4.48 and %3.90 to close at the levels of JD0.70 and JD0.80 respectively, while UCI stabled at the level of $0.60 after transactions of $25 thousand.
Banking sector's index declined by %0.53, when BOP lost by %1.08 and ended its transactions at the level of $3.66 after trading of 37 thousand shares with a value of $0.13 million, QUDS also declined by %3.33 to close at the level of $1.16 after transactions that valued $0.12 million.
AMB advanced by %6.58 when it ended its transactions at the level of $0.81 within transactions of $0.19 million, while AIB experienced no change and closed at the level of $1.23.
