RAMALLAH _ Palestine News Network
The net profits of companies listed on the Palestine exchange grew by 6.09 percent on an annual basis during the first half of 2018, to 166.72 million dollars.
The stock exchange said in a statement on Sunday that the net profit rose from 157.14 million dollars in the corresponding period last year (2017).
The number of companies listed on the Palestine exchange, according to data for the first half of 2018, is about 48, of which 46 have delivered their financial statements.
Of the total number of disclosing companies, 38 listed companies registered net profits, valued at 170.7 million, up from 161.9 million in the corresponding period in 2017.
In contrast, 8 companies recorded net losses amounting to 4.03 million dollars, down from $4.8 million in the corresponding period last year.
The services sector led the corporate profits of $56 million, an increase of 12 percent on an annual basis, followed by the banking and financial services sector with a profit of 51 million dollars.
The companies listed on the Palestine exchange are among five sectors: banks and financial services, investment, industry, services and insurance.
