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The PSE expressed its satisfaction of the level of disclosure of the fiscal year 2008, as it reached up to 97% of the total number of listed companies. This result is considered an indicator of high transparency and commitment to PSE regulations. The results of disclosures reveal that 24 companies out of 34 gained profits where 10 achieved losses.
Ahmad Aweidah, Chief Executive Officer of the PSE declared that this commitment comes from the coordinated efforts of PSE and the Palestinian Capital Market Authority (CMA) in enhancing disclosure procedures. Aweidah believes that disclosure is an important component of a fair trading environment leading to trading efficiency and investor protection.
Aweidah stated that it was not surprising that the PSE got a high rank in the international classification for investor protection of stock markets according to the study published by Market Watch site. He added "The PSE occupied the position 33 out of 178 countries internationally and the second after Kuwait in the Arab stock exchanges. He also pointed that the PSE will maintain its efforts to enhance disclosure procedures and transparency which is considered to be a core element of governance. He added "the PSE efforts will contribute to building a promising investment environment that attracts potential investors worldwide.
The PSE takes this opportunity to extend its regards to all listed companies who provided their disclosures and financial data for the year 2008 in line with the deadline determined.
