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Palestine telecommunications: "there is no substantial information that affects the share's price"

2008-01-14

PALTEL assured yesterday that there is no undisclosed data that is related to affect the company" share price in the PSE market. The CEO Mr. Abdelmalik Jaber said in a disclosure published by the PSE yesterday "it is not unknown that PALTEL had been traded on levels that are undervalued, and some financial analysis that is issued by expert institutions verified that". Also the disclosure indicated that these institutions had estimated PALTEL price to be more than what it was. The company assured its readiness for disclosing any information as soon as it happens. On the other hand, PALTEL witness an active trading, it increased by (%24.31) since the beginning of the current year.