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PALTEL presents a variety of reasons that affected its share's price positively

2008-04-07

In its letter that was directed to Palestine securities exchange in Apr 6, 2008, Paltel telecommunications presented a variety of positive reasons that affected the share"s price and that is:-The liquidity in the market that is resulted from selling other companies" shares, and the need to invest in liquid and strong shares such as PALTEL.

- Many parties expect an excellent financial results for the first quarter of 2008 despite that PALTEL had not disclose the results. Despite of taking a massive allowance on PALTEL"s investment in VTEL in year 2007, it is expected that VTEL will announce a very good income in 2008 in a result of selling an investment with a high return, in addition to the expected positive effect of the decline in interest rates and the new tax laws.

-It was noticed in the last few days the entrance of foreign investment portfolios in Palestine, an as you know PALTEL"s share is considered a target for the investors that are interested in investing in Palestine, and this had a positive effect on the price.

-The forthcoming of convening the General Assembly and profits distribution dates is considered from the important results that affect the trading and the ascending demand that also affect the share"s price positively.