Palestine securities exchange profits grew 82% in the 9 months of 2018

Palestine Securities Exchange (PSE) announced its financial results for the nine months of the year ending September 30, 2018, which showed a net profit of USD 669,120 an increase of 82% compared to USD 367,401 in the same period of 2017. Net profit for the third quarter 2018 alone was USD 116,152 compared to USD 472,364 in the same period of 2017, a decrease of 75%.

Gross revenues for the nine months of 2018 were USD 2,397,831 compared to USD 2,510,268 in the same period of 2017, a decrease of 4%. Operational revenues amounted to USD 1,952,015 and other revenues were USD 445,816 respectively.

Expenses for the nine months 2018 amounted to USD 1,597,901 compared to USD 2,120,116 during the same period of 2017, a decrease of 25%. Revenues for the third quarter alone were USD 651,042 compared to USD 1,048,941 in the same period 2017, and expenses for the same period were USD 514,133 compared to USD 553,826 in the third quarter of 2017.

Trading Value in the nine months of 2018 decreased by 6% compared to the same period in 2017 and reached USD 313 million. Trading commissions are a main source of income for the company.