Palestine Exchange

The Palestine Exchange (Arabic: بورصة فلسطين‎, bursat filasteen) in Nablus, or PEX, was incorporated as a private shareholding company in early 1995, with the Palestine Development & Investment Company (PADICO) as its major investor. The PEX was fully automated upon establishment - a first amongst the Arab Stock Exchanges. The PEX became a public shareholding company in February 2010 and was listed on the 4th of April 2011 responding to principles of transparency and good governance. The PEX operates under the supervision of the Palestinian Capital Market Authority.

After the Palestinian National Authority (PNA) approved a PADICO-sponsored design and work plan in July 1995, a project team was put together by the PEX and entrusted to establish a fully electronic exchange and depository. EFA Software Services, a Canadian company, provided both the trading and settlement & clearing systems. By August 1996 the Exchange was fully operational, and on November 7 of that year the PEX signed an operating agreement with the PNA, allowing for the licensing and qualification of brokerage firms to take place. On February 18, 1997, the PEX conducted its first trading session.

The PEX strives to provide an enabling environment for trading that is characterized by equity, transparency and competence, serving and maintaining the interest of investors.

The PEX is very appealing in terms of market capitalization, it is financially sound, and well capitalized to maintain a steady business in a volatile world, as it passed with the minimum level of impact of the global financial crisis compared to other MENA Exchanges.

As of 31/12/2012 there are 48 listed companies on PEX with a total market capitalization of about $3 billion in five main areas: financial services, insurance, investments, industry, and services. Most of the listed companies are profitable and trade in Jordanian Dinar, while others trade in US Dollars. Currently, only stocks are traded on the exchange, however PEX is open to including other securities in the future. In 2009, the PEX ranked thirty third amongst the worldwide security markets, and regionally comes in second in terms of investor protection. About half of PEX's investment comes from Palestine, with the other half coming from overseas.

The Exchange launched an e-trading portal on April 24, 2007, to allow investors to buy and sell stocks over the internet.

Read more about Palestine Exchange:  PEX Vision, PEX Mission, PEX Objectives, PEX Regulatory Framework, See Also

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