Palestine Exchange: 74% Of Listed Companies Profitable In 2010

The Palestine Exchange said Wednesday The audited financial results of 2010 demonstrated that thirty one  out of forty two listed companies on its exchange achieved profits in 2010.

According to the exchange, forty (40) out of forty two (42) listed companies on PEX disclosed their audited financial results for the year 2010 within the legal period.

Two listed companies missed disclosure deadline.

One bank, which did not obtain the approval of its financial results by the Palestine Monetary Authority and one suspended company.

The exchange news is supported by a report earlier by Ma’an that Palestinian financial institutions are ready for statehood, according to an International Monetary Fund report praising Palestinian fiscal reform.

“The PA is now able to conduct the sound economic policies expected of a future well-functioning Palestinian state,” the report said, according to Ma’an.