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.