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Palestine Exchange is the second lowest decliner among Arab markets, and Al-Quds index maintains a relatively stable level of performance

2011-03-06

The recent events in the Arab countries put much pressure on the performance of Arab financial markets in the past two months, which led to the suspension of trading in a number of stock exchanges, while the indices of the rest of the Arab stock markets had witnessed an obvious declines; to end the month of February in the red zone except for Morocco stock market which in turn topped the Arab stock markets in term of increase since the beginning of the year

Like the rest of regional financial markets, Palestine Exchange also dropped, but a slight decline compared to other markets, and maintained relatively stable performance levels, when Al-Quds index recorded at the end of the trading session on 28 February, a slight decline compared to the year 2010 to close at the level of 482.16 points; down by 1.52% ; thus Palestine Exchange was ranked as the second lowest decliner at the end of February of this year, among Arab stock exchanges, after Bahrain. While the indices of the stock markets of Lebanon, Jordan, Syria, Tunisia, Bahrain, Abu Dhabi, Kuwait, Qatar, Oman, Saudi Arabia and Dubai lost in the range between 4% and 13.5% since the beginning of this year.

With announcing the financial results for 2010 of  the listed companies, and what was accompanied of achieving positive results for the majority of companies, ( 30 companies achieved profits out of 40 listed companies), in addition to announcements of dividends distributions by a number of companies;  the PEX witnessed relatively stable performance during the month of February of this year, which included  19 trading sessions; in which 15,102,291 shares were traded, that valued at $ 27,839,776 that were executed through 5,301 contracts, while the average daily value traded reached  $ 1,465,251.