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Al-Quds Index in the red zone with the approaching end of June

2025-06-19

 Sahem Weekly Trading report (15-19)-06-2025

With the approaching end of June, Al-Quds Index traded in a relatively wide range, closing at the level of 545.17 points, down by 1.38% than the previous week. With the current political situation, some blue-chips recorded slight declines and the others stabilized at their previous weekly closing level.  Regarding the expectations, the semi-annual financial data disclosures for the listed companies are the most important anticipation for the investors in Palestine Stock Exchange PEX with their different types. Whereby, the long term investors may formulate a very clear vision about their annual return due to these disclosures, while speculators will follow any price wave that results from the financial disclosure

Regarding the significant news of this week, Palestine Islamic Bank ISBK announced offering 6 million shares with $1 par value for each share ($6 million) and with a percentage of 6% for secondary subscription to the bank’s shareholders. Whereby, the subscription will start from Thursday 26/06/2025 for the shareholders as for 22/06/2025. On the other hand, the Arab Palestinian Investment Company (APIC) also announced the approval of Palestine Capital Market Authority (PCMA) of the subscription results for the new bonds issued on June 12, 2025, with a total nominal value of $120.0 million. These bonds were issued in three clusters with equal rights and priorities, denominated in US dollars, Euros, and Jordanian Dinars, for a period of five years through a private subscription with the participation of nine banks and financial institutions. The value of the subscriptions exceeded the initially offered nominal value of $110.0 million, reaching $126.144 million. Accordingly, the option to increase the issue to $120.0 million was activated, and the necessary allocation was made with the approval of the PCMA. It is good to note that APIC’s general assembly approved, in its extraordinary meeting in May, the issuance of new bonds with a total nominal value of $110.0 million, with an option to raise them to $120 million.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the resumption of the Israeli aggression against Gaza Strip and the limited number of commercial trucks allowed to enter through commercial crossings into Gaza Strip resulted in the loss of many basic commodities in Gaza Strip markets, including chicken, meat, fruits, dairy products, cheese, and eggs, due to the continued ban on their access into Gaza Strip during May 2025. Thus, the Consumer Price Index recorded a sharp increase in Gaza Strip by 43.21% compared to April 2025, while it recorded a slight decrease in Jerusalem by 0.09% and a slight decrease of 0.05% in the West Bank. This led to an increase of 23.59% in the overall Consumer Price Index in Palestine.