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Al-Quds Index breaks through a psychological barrier that has abandoned since October 2023

2025-07-17

 Sahem weekly trading report (13-17)-07-2025

Al-Quds Index broke-through a new psychological barrier that has abandoned since October 2023, closing in this week in the green zone; up by 1.79% than its previous weekly closing level, to record 600.22 points after trading in a relatively narrow range. Whereby, the leading stocks witnessed fluctuations – either increasing or decreasing- in their prices or stabilizing at their previous weekly closing level. However, Palestine Stock Exchange PEX witnessed executing off-floor cross transaction of 0.37 million shares on the stock of Palestine Investment & Development Company PID. Where, this period is characterized with general incentives inactivity following the political instability, while the market started to anticipate the semi-annual financial data disclosures, whereby, it is expected that the coming days witness momentum with the approaching end of the legal period granted to disclose the data in mid-August.

Regarding the significant news of the listed companies this week, the general assembly of Palestine Plastic Industrial Company LADAEN approved, in its meeting on 16/07/2025, converting the company from public shareholding company to private shareholding company, and obligating the small shareholders to sell their shares owned in the company for Palestine Industrial Investment Company PIIC. Where PIIC must purchase all the shares of small shareholders, amounting to (54,137) shares, at a purchase price equivalent to (JD3.07) per share and bear all related trading commissions.

Regarding the economic indicators and according to the Palestinian Central Bureau of Statistics PCBS, the resumption of the 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, due to the continued ban on their access into Gaza Strip during June 2025. Thus, the Consumer Price Index recorded a sharp increase of 5.54% in Gaza Strip compared to May 2025, and an increase of 0.35% in Jerusalem, while it recorded a decrease of 0.27% in the West Bank. This led to an increase of 3.45% in the overall Consumer Price Index in Palestine. Also, consumer Price Index recorded a sharp increase of 27.55% in Palestine during the first half of 2025 compared to the first half of 2024, driven by the sharp increase in consumer goods, which Gaza Strip continues to suffer from, due to the ongoing Israeli aggression against it. Thus, the CPI recorded a 67.65% increase during the same period. Price levels in both the West Bank and Jerusalem remain high, but not as sharp as the last year, recording an increase of 1.65% in Jerusalem and an increase of 0.51% in the West Bank for the first half of 2025.