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GAZA CITY, Gaza Strip — Wataniya Mobile’s share price fell below $1 on the Palestine Stock Exchange at the end of November. This drop came after the Palestinian cellular provider started operating in Gaza on Oct. 24 amid expectations that it would make a healthy profit when competing with Jawwal, the telecom provider that has monopolized the Gazan market for two decades.
Wataniya Mobile’s stock price had witnessed a rally during the second quarter of 2017, and it reached $1.37 on Oct. 12, a record high since the end of 2011.
