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Palestine stock exchange defies all odds

The Palestine Securities Exchange (PEX) announced profits of around $167 million in the first half of 2018; however, the general economic situation in Palestine is going downhill.
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The Palestine Securities Exchange (PEX) announced in a press release Sept. 9 that it registered profits in the first half of 2018.

“First half financial results showed that aggregated net profits amounted to around $167 million, an increase of 6% compared with the same period of 2017,” the statement said. It continued that 38 out of its 48 listed companies (83%) achieved profits while eight companies incurred losses of $4 million.

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