Profits on the Palestine Exchange Exceed USD 162M in the First half of 2016

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Profits-on-the-Palestine-Exchange-Exceed-USD-162M

Profits on the Palestine Exchange Exceed USD 162M in the First half of 2016

First half financial results showed that thirty nine of forty nine listed companies achieved a net profit of 165,522,201 USD; the eight loss making companies recorded a total loss of (2,964,008 USD). Two companies which are suspended on the market failed to disclose within the set deadline.
 
First half aggregate net profit amounted to 162,576,193 USD a growth of 17.22% in comparison with the same period of 2015.
 
Mr. Ahmad Aweidah, CEO of PEX stated that Palestinian listed companies are able to withstand a challenging political environment and continue to achieve growth despite the difficulties in their operating environment. The growth in the companies’ results was accompanied with increasing trading values which have reached USD 319 million at the end of August 2016.
 
To view a detailed table of H1/2016 disclosures, please visit:
http://www.pex.ps/PSEWEBSite/NEWS/30082016100.xlsx

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