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PEX drops again on insurance, banks

PEX drops again on insurance, banks
PALTEL
PALTEL
0.00% 3.75 0.00
APIC
APIC
0.00% 3.04 0.00
Quds Bank
QUDS
0.00% 1.52 0.00

PADICO Holding
PADICO
0.00% 0.82 0.00
Global Com
GCOM
-12.50% 0.07 -0.01
AIB
AIB
0.63% 1.61 0.01

Bank of Palestine
BOP
0.00% 1.50 0.00
AIG
AIG
-3.85% 0.25 -0.01
Al Wataniah Towers
ABRAJ
0.00% 1.41 0.00
The Palestine Exchange (PEX) closed on Wednesday at 493.13 points, losing 0.02% or 0.09 points. The general index stabilized at its previous level, closing at 263.15 points.

On the sectors level, the service and the investment indices added 0.17% and 0.11% respectively, whereas the insurance, and the banking and financial indices dropped 0.39% and 0.28% respectively.

Trading volume reached 113 THD shares, at a turnover of $155.92 THD, traded through 70 transactions by 14 companies, of which four gained, five dropped and five remained unchanged.

The top three gainers were: Global Com Telecommunication Plc by 11.11%, Ahleia Insurance Group by 6.25% and Al Quds Bank by 1.09%. Whereas, the top three decliners were: Al Wataniah Towers Co by 4.5%, Arab Palestinian Investment Co by 0.93% and Arab Islamic Bank by 0.90%.

The most active companies were Palestine Development and Investment, Global Com Telecommunication Plc and Bank of Palestine with a trading volume reaching 58.2 THD, 10.9 THD, and 8.2 THD shares respectively.

Meanwhile, Palestine Development and Investment, Palestine Telecommunications and Bank of Palestine were the value leaders, upon generating $75.17 THD, $18.43THD, and $16.7 THD respectively.