Yearbook 2024
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vital investment option during economic crises in Palestine. The Palestine Exchange (PEX) showed signs of recovery in the second half of 2024. The challenges presented by the prevailing conditions served as a driving force to advance development projects and enhance the market’s infrastructure. We take pride in being among the first to sign the Net Zero Financial Service Providers Alliance (NZFSPA) agreement and to become a member of the United Nations Sustainable Stock Exchanges (UN SSE) initiative. This aligns with our commitment to improving environmental, social, and corporate governance (ESG) performance and promoting sustainable investment.
Furthermore, we are honored to have secured a seat on the Board of Directors of the Arab Federation of Capital Markets (AFCM). This achievement reflects our continuous efforts to enhance PEX’s presence in international forums and strengthen cooperation between the Palestinian financial sector and its global counterparts.
In financial performance, our company recorded a net profit of $353,548 in 2024, marking a 57% decline compared to the $829,764 profit achieved in 2023. This decline resulted from a drop in the company’s operating revenues, which fell to around $1.7 million in 2024, compared to $2.4 million in the previous year.
These declines were primarily driven by disruptions in the market’s core operations. Trading volumes in 2024 amounted to approximately $164 million, a significant 50% decrease compared to the $331 million recorded in 2023. Additionally, the Al-Quds Index dropped by 90 points, representing a 15% decline from its closing level at the end of 2023, settling at 498.30 points.
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