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Palestine bourse down hurt by investment sector

Palestine bourse down hurt by investment sector
PALTEL
PALTEL
0.00% 4.80 0.00
APIC
APIC
-0.53% 1.87 -0.01
PRICO
PRICO
4.17% 0.50 0.02

TNB
TNB
0.67% 1.51 0.01
Al Wataniah Towers
ABRAJ
0.00% 2.08 0.00
Al-Quds index declined at the end of today’s session by 0.36% losing 1.88 points to 517.51 points pressured by investment sector which declined by 0.75%.

The general index declined by 0.31% losing 0.87 point and closed at 274.11 points.

Total of 2.5 million shares were traded through 101 transactions at a turnover of $3.5 million. 16 companies participated in trading, 7 rose, 5 declined and the remaining 4 ones kept flat.

The three top gainers were and Jerusalem Pharmaceuticals Co which rose by 4.32%, Al Wataniah Towers Co which rose by 4.3% and The National Bank which increased by 2.6%.

The top three losers were Arab Palestinian Investment Co which declined by 1.8%, Palestine Real Estate Investment Co which shed 1.64% and Palestine Telecommunications which lost 0.9%.

At the sectors level, investment sector led the index down as it declined by 0.75%, followed by services sector which shed 0.63%, while insurance sector rose by 0.60%, industry sector increased by 0.50% and banks sector added 0.17%.

It is worth mentioning that Al-Quds Index closed yesterday’s session declining by 0.46% or 2.40 points and closed at 519.39 points pressured also by the investment sector which decreased by 1.17%. The general index shed 0.37% yesterday or 1.0 points and closed at 574.98 points.

Translated by: Mohamed Massoud