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29 companies made a profit in the first quarter and 5 recorded losses

2009-05-03

Jafar Sadaqa wrote:
The legal period for disclosing the financial statements for the first quarter of this year has ended that is set of a period of one month in accordance with the disclosure regime in force in the Palestine Securities Exchange. All the traded companies that are 34 have disclosed within the time limit, which is the highest disclosing ratio in the region as Ahmad Awaida the CEO of the PSE stated in a statement yesterday, where the three companies that did not disclose are suspended from trading.
The data showed 29 of the companies made a profit, compared with 5 suffered losses in the first quarter of this year, compared with 7 companies made losses in the first quarter of last year.
The companies did not disclose its financial statements for the first quarter: IID, ACPC and AIE while HOTEL which is also suspended from trading disclosed within the legal period.
Awaida said: the percentage of the disclosure of the first quarter reached % 100 in terms of the traded companies, and % 92 in terms of total traded companies (37 companies), which is one of the highest rates of disclosure in the region, reflecting the great progress has been made in the market regarding disclosures and enhance transparency in line of the market laws and regulations of the capital market and with the best international practices.