Palestine Securities Exchange Net Profits Mounted to USD 419 Thousand in 2018

Palestine Securities Exchange Net Profits Mounted to USD 419 Thousand in 2018

Palestine Securities Exchange (PSE) announced its financial results for the year 2018 ending December 31, 2018, which showed a net profit of USD 419,515 a decline of 39% compared to USD 684,201 in the same period of 2017.
 
Gross revenues for 2018 were USD 2,947,836 compared to USD 3,565,048 in the same period of 2017, a decrease of 17%. Operational revenues amounted to USD 2,331,026 and other revenues were USD 616,810 respectively.
 
Expenses declined about 12% in 2018 and amounted to USD 2,432,099 compared to USD 2,773,361 during the same period of 2017, as a result of the decline in the general and administrative expenses by 13.70%.
 
Trading Value for 2018 decreased by 24.64% and reached USD 354 million compared to the same period in 2017. Trading commissions are a main source of income for the company.
 
 
Ahmad Aweidah, CEO of Palestine Exchange (PEX) said "PEX continued its steady development in the year 2018 towards creating a modern and competitive financial market."
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