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

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