The market value of companies listed on the Palestine Stock Exchange declined by 22.4%, one year after the start of the war of extermination waged by the Israeli occupation army against Gaza.
This came according to a survey conducted by Anadolu Agency based on historical data of the Palestine Stock Exchange, whose companies were severely affected by the consequences of this war that has been ongoing since October 7, 2023.
The Palestine Stock Exchange closed with a market value of $3.9 billion at the end of the October 6 session, down from $5.02 billion at the end of the October 4, 2023 session, which was the last trading session before the start of the Israeli aggression.
The Palestine Stock Exchange consists of 49 listed companies active in 5 main sectors: banking and financial services, insurance, investment, industry, and services.
The survey also showed that the Al-Quds Index – which measures the performance of the 15 most active listed companies – declined by 26.8% to 479.2 points, compared to the October 4, 2023 session of 654.3 points.
Today, Monday, begins the second year of Israel – supported by America and most Western countries – waging a genocidal war in Gaza, in addition to a continuing aggression on the West Bank, which has, to date, resulted in more than 140,000 martyrs and wounded Palestinians, and more than 10,000 missing, amid massive destruction. Famine killed dozens of children and the elderly.
Israel continues its war of genocide, ignoring the UN Security Council resolution to end it immediately, and the orders of the International Court of Justice to take measures to prevent acts of genocide and improve the miserable humanitarian situation in Gaza.