NABLUS, April 8, 2010 (WAFA)-This week, (April 4-8) trading in Palestine Securities Exchange vouched a stability in performance.
Al-Quds index curbed its downward curve which it had taken the previous week, when investors restored the accumulating tactic within the prevailing price channels and Al-Quds index settled above the psychological support level of 500 points, basing on several good economic factors and general optimism about the financial performance of listed companies in the first quarter of this year.
Despite the stability, some companies met some considerable interest by liquidity, which in its turn affirmed its commitment to adhere to the shares of these companies, regardless of the general trend of the index, which suggests the existence of favorable investment opportunities for the investor in the horizon, to raise the transactions value of this week by %66.65 within trading of 3.84 million shares that valued $7.55 million, as AL-Quds index closed at the level of 506.06 points earning by %0.24.
Investment sector’s index increased by %2.49, stimulated by PIIC which gained remarkably by %15.00 and closed at the level of JD0.92 through medium transactions of $0.35 million, it is worth to mention that the company has scheduled a meeting for its board of directors on 24/04/2010 to discuss the financial position for the first quarter of the current year. PADICO also advanced by %3.03 to close at the level of $1.36 in effect of trading 1.29 million shares that valued $1.72 million in which constituted %22.82 from aggregate market trading value, to break new support points and support Al-Quds index solidity above the level 500 points, while UCI lost noticeably by %7.25 to close at the level of $0.64 within trading of 0.10 million shares that valued $0.07 million.
Services sector’s index declined by %0.53, affected by PALTEL which in its turn dropped by %0.38 and closed at the level of JD5.18 through an active trading of $2.44 million that constituted %32.39 from market gross trading value. In the same sector, GCOM gained remarkably by %4.44 when closed at the level of $0.94 within transactions that had not exceeded $4 thousands, whereas PEC declined by %1.83 to close at the level of $1.07, while WASSEL stabled at the level of JD0.58.
Banking sector’s index advanced by %0.41, when BOP increased by %0.54 when it ended to close at the level of $3.70 through transactions of $1.68 million. ISBK lost by %2.30 to close at the level of $0.85 after transactions that valued $0.27, while AMB experienced no change and ended the week’s transactions at the level of $0.87 within trading of $0.32 million.
