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Palestine stocks end 0.64% lower pressured by services

Palestine stocks end 0.64% lower pressured by services
Palestine Islamic Bank
ISBK
0.00% 1.50 0.00
TNB
TNB
0.00% 1.45 0.00

Global Com
GCOM
-12.50% 0.07 -0.01
Ooredoo
OOREDOO
0.00% 0.82 0.00
Al-Quds index ended today’s session declining by 0.64% or 3.27 points and closed at 509.75 points pressured by services sector which plunged by 0.76%. The General index shed 0.53% losing 1.43 points and closed at 270.86 points.

Out of 367 thousand shares were traded through 84 transactions at a turnover of $557.76 thousand. 18 companies participated in trading, 2 rose, 9 declined while the remaining 7 ones kept flat.

The two gainers were Wataniya Palestine Mobile Telecommunications which rose by 1.3% and The National Bank which increased by 0.87%.

On the other hand, the top three losers Global Com Telecommunication Plc which decreased by 10%, Palestine Plastic Industries Co Ltd which declined by 4.76% and Palestine Islamic Bank which shed 3.05%.

During today’s session, services sector lost 0.76%, followed by investments sector which declined by 0.41%, then insurance which plunged by 0.38% and industrials which plunged by 0.20%.

Last week, Al-Quds index rose by 0.50% gaining 2.53 points and closed at 513.02 points, while the General index rose by 0.38% gaining 1.04 points and closed at 272.29 points.

Translated by: Mohamed Massoud