The Palestine Exchange ended the year 2014 disclosure period with 83% compliance from listed companies within the legal period specified in the disclosure rules. Results show that 75% of companies achieved profits in 2014.
2014 total profits after tax of thirty five companies exceeded 260 million USD while the loss of the other twelve companies amounted to (32.5) million USD for the same period. Net profit after tax reached 227.50 million USD (Profits - Losses) in the year 2014, a drop of 7.14% compared to 2013.
Mr. Ahmad Aweidah, CEO of PEX referred the reasons of this drop to the war on Gaza during the second half of 2014 and the loss in exchange rates due to the rise of the US Dollar. He hoped that the performance of the listed companies will improve by the end of this year and impact positively the Al Quds Index as well as PEX trading volumes and liquidity levels.
