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PSE: Al-Quds Index drops drastically

May 17, 2010 2:53 P.M. (Updated: May 19, 2010 8:42 A.M.)
Nablus - Ma'an - Shares on the Palestine Securities Exchange fell sharply on Monday, with the Al-Quds Index diving by 6.87 points, a total of 1.36 percent, further impounding Sunday's losses.

A total of 1,433,112 shares were traded, executed through 575 trades, at a total volume of 2,414,237.63 US dollars.

Shares in five companies rose, while 16 companies saw a decline in shares out of the total 24 companies.

All sectors experienced loses at the end of trading, with banking and investment seeing the largest drops at -0.54 percent and -3.32 percent respectively.

The Vegetable Oil Industries Company (VOIC) fell by -4.91 percent, likely due to this year's poor olive harvest while shares in PADICO were down by -4.44 percent.

The best performer on the index was the Palestine Investment Bank Company (PIBC) which saw it shares climb 5.00 percent.

Top five gainers PIBC up 5.00 percent, ARAB up 4.84 percent, PIIC up 4.42 percent, JCC up 4.12 percent, PICO up 2.07 percent

Top five fallers VOIC down -4.91 percent , ARE down -4.48 percent, PADICO down -4.44 percent, LADAEN down -4.17 percent, PCB down -3.95 percent.

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