NABLUS, March 25, 2010 (WAFA)- The Arab financial markets touched a dynamic activity this week (March 21-25); flowing of positive news has a great impact on the minds of investors in which enhanced their confidence of truly predictions about the signs of economic improvement soon, to reflect positively on the financial markets.
Palestine Securities Exchange was not absent from that, when London road show of financial securities sector for attracting global investment funds has succeeded to deliver messages that were characterized in Palestine’s possessing of a productive investment environment of which offers governance, transparency and modern systems, and that the Palestinian political reality is not a barrier to foreign investment basing on the success stories of Palestinian private sector, and the feasibility of investments in listed Palestinian companies that have distinguished performance in addition to the opportunity to take the Palestinian market as an investment face to diversify their portfolios in the emerging markets; the road show has built future investment horizon that its outcomes will evolve in the medium and long run .
Al-Quds index ended the week’s transactions with a slight increase of %0.60 closing at the level of 525.73 points after a growth in the transactions value of %82.73 within trading 3.98 million shares that valued 7.38 million.
Services sector’s index increased by %1.00, when PALTEL closed at the level of JD5.60 after earning by %1.07 within transactions of $2.04 million to constitute %27.70 from market gross trading value of this week, it’s worth to mention that the company has scheduled its board meeting and general assembly to be held on Sunday 28/03/2010 in Jericho, and the trading on the share will be suspended in the trading session of this day . In the same sector, WASSEL gained by %3.51 when it’s closed at the level of JD 0.59 in effect of transactions that hadn’t exceeded $9 thousands, and the company appointed 11/04/2010 to convene its regular general assembly.
Investment sector’s index ended the week’s transactions with a slight increase of %0.29, when PADICO advanced by %0.78 and closed at the level of $1.30 within trading of $1.18 million. In the same sector, UCI declined by %2.56 to close at the level of $0.76 after transactions that valued $0.16 million, also PRICO lost by %2.67 ending the week at the level of JD0.73 while PIIC stabled at the level of JD 0.77.
Industry sector’s index descended y %1.42, affected by the decline of GMC which in its turn lost by %6.41 when closed a the level of JD0.73 within weak transactions, it is worth to mention that the regular general assembly of the company has been set to be held on 10/04/2010. In the same sector, JCC increased by %0.35 and closed at the level of JD2.89 after transactions that valued $44 thousands, and the company’s board of directors recommended to its general assembly that will be held on 28/04/2010 to distribute cash dividends as of NIS (1), while VOIC declined by %1.92 and closed at the level of JD2.55 and its board of directors recommended distributing cash dividends of %12.5 as of the general assembly that will be held on 24/04/2010. As for JPH, it lost by %0.22 when it closed at the level of JD4.44, where the company’s board of directors recommended to its general assembly that will be held on 29/04/2010 to distribute cash dividends of %12.00 to the shareholders. As for banking sector; trading activity was quiet.
