Third quarter disclosure 2014: Net Profit after tax of listed companies on the Palestine Exchange (PEX) is 177 million USD

The Palestine Exchange concluded its third quarter disclosure period for 2014 with 94% compliance from listed companies within the legal period specified in the disclosure rules. Results show that 70% of companies achieved profits in Q3 2014.

Third quarter total profits after tax of thirty two companies exceeded 195 million USD while the loss of the other fourteen companies amounted to (17.7) million USD for the same period. Net profit after tax reached 177 million USD (Profits – Losses) in Q3 2014.

Mr. Ahmad Aweidah, CEO of PEX valued the commitment of PEX listed companies to disclose within the legal period. He hoped that the performance of the listed companies will improve further by the end of this year and impact positively the Al Quds Index and PEX trading volumes and liquidity levels.

To view a detailed table of Q3/2014 disclosures, please visit:
http://www.pex.ps/PSEWEBSITE/NEWS/FS-Quarter3-2014-Disclosure-English.pdf