The market-cap weighted Alquds index exceeded the resistance level of 900 during the month of September 2005. By the end of the third quarter, 2005, the index reached 885.42 compared to 669.69 at the end of the second quarter and 277.56 at the end of 2004. The percentage increase in the index was 219% compared to the end of 2004 and 32.2% compared to the end of the second quarter.
During the third quarter of 2005; trading values were 472.7 million dollar, compared to 357.5 million dollar during the second quarter that is an increase of 32.2 %. It is worth mentioning that trading values since the beginning of 2005 and until the end of the third quarter exceeded by 57% all trading values for the years since the first trading session held at the
The volume of shares traded during the third quarter was 87.4 million shares compared with 63.2 million shares during the second quarter. That is an increase by 38.2 %.
Market capitalization reached 3,401,632,945 by the end of the third quarter compared to 2,562,032,695 at the end of the first quarter and 1,096,525,380 at the end of 2004. It is worth mentioning that the ratio of Market capitalization for listed companies to the Palestinian GDP is slightly above 86% (using the World bank projection for the Palestinian GDP for 2005).
Shares for all listed and traded companies (24 companies) were traded during the third quarter. The
A positive improvement is that almost all listed companies disclosed their financial statement for the year ended December 31, 2004. In addition, we have seen that most listed companies which posses more than 90% of trading volumes did disclose their semiannual reports.