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Palestine Securities Exchange: %100 is the companies' disclosing rate within the legal period

2009-08-18

Ramallah- Al Ayyam: The CEO of Palestine Securities Exchange Ahmad Awaida announced the ending of the companies" disclosures within the legal period of their semiannual financial results for the year 2009 through preparing a semiannual report which include revised financial results according to the applicable disclosing system which gives the listed companies a period of 45 days, where the date of 16/08/2009 had been approved to be the last disclosing day. Awaida indicated in a press release that 34 out of 34 traded and listed companies had presented their financial results in the specified date, while the 4 suspended companies had not disclosed their semiannual results which are: ACPC, AIE, IID and HOTEL. Awaida cleared out that the disclosing rate within the legal period is considered %100 if we exclude the suspended companies, which means that none of the traded companies fail to disclose in the period. He said: this enhances the investment environment in Palestine and indicates an increasing commitment from the listed companies" side in terms of disclosing, also reflects the efforts of the PSE and the CMA in the previous period to organize and develop the disclosures system in order to serve and protect the investor.