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Resuming trading on The National Bank Shares starting from Sunday 02/12/2012


Palestine Stock Exchange PEX announced in a circular on 28/11/2012, completing the merger procedures of The National Bank TNB that will enable the share to resume trading. According to the circular, the shareholders’ registry will be adjusted on The Clearing, Depository and Settlement Center CDS , whereby, the number of the listed shares of TNB after the merger will reach 50 million shares. Accordingly, trading on TNB shares  will be resumed on Sunday 02/12/2012 on the applicable price limits of the previous closing ($0.85).  


The PEX records average PE of 19.3x and average P/BV of 1.11x



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