NABLUS, December 31, 2009 (WAFA)- The end of the current year has taken its breath this week 27-30/12/2009 amid variations in Arab Markets' performance, transactions feature in the beginning of the week was heading toward gains in light of lower volumes and reduced price range fluctuations, following the confluence of positive news for signs of international markets recovery, and investors optimism of world's economies to break out the consequences of the financial crisis that burdened upon them, and the return of confidence to financial markets in the coming year.
The latest trading sessions of this week were of a different nature, where markets' trading was active market in effect of the continuing liquidation of credit positions in the brokerage firms, and big investors' contention to accumulate at the prevailing price levels before the curtain falls on 2009 transactions.
Palestine Securities Exchange performance was similar to the Arab markets in variation and opposite in the direction, bringing Al-Quds index to rise by %1.44 at the end of the week amid a marked increase in the trading volume of %117 rate after executing several institutional transactions particularly in the last trading session that have concentrated mostly on some of the of the small cap stocks, Al-Quds index ended the current year truncations at the level of 493 points during trading of 8.55 million shares that valued $10.49 million this week. In general and in comparison to the previous year, accumulative transactions value declined by %57.78 while Al-Quds index registered a growth of %11.62 at the end current year.
Investment sector's index gained by %1.71, when PADICO increased by %0.85 and ended its transactions at the level of $1.19 within active transactions, to trade 0.97 million shares that valued $1.14 million. PIIC experienced no change when it closed at the level of JD0.70, while PRICO earned by %8 and UCI by %1.52 to close at the levels of JD0.81 and $0.67 respectively.
Industry sector was the most active this week, where its transactions constituted approximately %50 from gross trading volume and %42 from aggregate trading value in the PSE, when the sector's transactions had concentrated on GMC and NCI when together constituted near to %49 from total traded shares in the PSE, within executing several full-size transactions on both shares, where they ended the week's transactions at the levels of JD 0.78 and 0.29 respectively, to lift the industry's index by %3.39.
As for Services sector, its index earned slightly by %0.79 affected by the smooth gains of PALTEL of %0.59 when it closed at the level of JD5.14 within trading of 0.16 million shares that valued $1.16 million. In the same sector, AHC rose remarkably by %4.76 to trade 1.63 million shares that valued $1.88 million due to executing some institutional transaction, ending its week at the level of JD0.88.
Banking sector's index advanced by %2.29, simulated by the ascending of BOP by %3.31 when closed at the level of $3.75 after trading of 0.21 million shares that valued $0.77 million, constituting approximately %63 from banking sector's gross trading value. QUD also ascended by %4.31 to close at the level of $1.21 through transaction of $0.22 million, while AMB stabled at the level of $0.73 after transactions that valued $0.17 million.
