NABLUS, March 9, 2017 (WAFA) – Al-Quds index of the Palestine Stock Exchange (PEX) closed the trading week with a slight rise, according to the daily PEX report.
It said a total of 551,006 shares were traded with a value of S2,274,411.06, executed during 218 transactions.
The Al-Quds Index closed at 535.37 points , a 1.31 points (0.25%) increase compared to the last trading session.
Shares of 17 companies were traded; share price increased in four companies and decreased in three others.
The gainers were: AIB by (5.95%), PICO by (4.17%), NIC by (1.97%), and APIC by (1.58%), while the losers were: PIBC by (-4.55%), PEC by (-0.87%), and QUDS by (-0.71%).
Sahem Trading and Investment Company said in its end of trading week report that Al-Quds Index witnessed a balanced performance this week.
It said that the stock of Palestine Telecommunications (PALTEL), the largest company by market capitalization, topped the PEX when recorded trading value worth $2.04 million; contributing for 43.72% from PEX total trading value. This followed executing a transaction of 176,000 shares.
PALTEL closed at the level of 5.00 Jordanian dinars, up by 0.20% than its previous closing level.
The stock of Palestine Islamic Bank( ISBK) followed when its transactions contributed for 20.53% from PEX total trading value, to close at the level of $2.20, up by 0.46% than its previous closing level.
The stock of Bank of Palestine (BOP), the largest bank by market capitalization, followed when its transactions contributed for 11.12% from PEX total trading value, to close at the level of $2.72 after trading in a relatively narrow range, up by 0.37% than its previous closing level.
Regarding the stock of the largest investment company by market capitalization- Palestine Development and Investment PADICO- it closed at the level of $1.06, up by 0.95% than its previous closing level after transactions that constituted 2.13% from PEX total trading value.
Sahem said that in this week’s four trading sessions, with Wednesday declared a holiday marking International Women’s Day, the Arab Palestinian Investment Company (APIC) raised a recommendation to the general assembly, which will be holding a meeting on April 23, to distribute 6.06% stocks dividends, to raise the paid-up capital from $66 million to $70 million, in addition to distributing 6.00% cash dividends to its shareholders for the year 2016.
M.K.
