The Palestine Stock Exchange discloses its financial statements for the first quarter of 2024

Nablus – Ma’an – The Palestine Stock Exchange disclosed the results of its operations and financial statements for the first quarter of the year 2024, where the net profit amounted to 49 thousand dollars compared to 265 thousand dollars for the same period of the year 2023, that is, a decrease of 64%.

This decrease in profits is due to the sharp decline in trading values ??and volumes, as trading value reached $22 million at the end of the first quarter of this year compared to $98 million for the same period last year, a decline of 78%.

The Al-Quds Index also declined during the first quarter of this year by 7.8%, while the market value declined from approximately $4.6 billion to $4.3 billion, i.e. a decrease of 6.6%.

It is noteworthy that the Palestine Stock Exchange was established in 1995 as a private joint stock company before it was later listed for trading after it turned into a public joint stock company. It is the body that regulates the issuance and trading of securities in Palestine, and include
s 49 listed companies distributed over five sectors: banking, investment, and services. , insurance, and industry.

Source: Maan News Agency