Mr. Ahmad Aweidah, Chief Executive Officer of the Palestine Exchange (PEX) announced that all forty one (41) listed companies on the PEX disclosed their preliminary financial results for the year 2010 including one suspended company.
The preliminary results of 2010 demonstrated that twenty nine (29) out of forty (41) disclosed companies achieved profits. Aweidah expressed his satisfaction and hopes to witness a significant increase in trading volumes corresponding to the positive performance of listed companies. He also pointed to the promising investment opportunity in PEX particularly the attractive valuation of most listed stocks at the moment.
Aweidah confirmed that disclosure and an advanced level of transparency have always been a priority at PEX as they are the backbone of an enabling investment environment.