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PEC realizes a net income of USD 6.98 million in 2009


Palestine Electric Company (PEC- Listed in PSE) announced its preliminary annual financial results as of 31/12/2009. The results indicate the following:

·         Net income of USD 6.98 million with a growth of %11.23.

·         Total assets of USD 133.98 million with a decline rate of % 2.51.

·         Total shareholders" equity of USD 74.99 million with an increase of %1.33.

·         Total Liabilities of USD 58.99 with a decline of %7.00.


High liquidity level raises the market's trading volume this week

PICO approves raising the paid-capital to $6 million

TIC approves raising the paid-capital to $10.00 million

Active Trading with the increase of semi-annual financial data anticipation

LADAEN restructures itself and establishes a new company

Al-Quds Index breaks through new psychological level and gains 2.99% in this week



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