PALESTINE

Published December 31st, 1969 - 11:59 GMT

The Palestine Securities Exchange was incorporated as a private shareholding company in early 1995, with the Palestine Development & Investment Company (PADICO) and (SAMED) as its major investors. 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 PSE and entrusted to establish a fully electronic exchange and depository.  

 

In February 1997, the PSE conducted its first trading session. Twenty-eight shareholding companies have been approved for listing so far with additional companies expected to be listed in the near future. The current companies belong to many different sectors including pharmaceuticals, utilities, telecommunications, and financial services. The exchange’s market capitalization is over $1 billion.  

 

The PSE is a self-regulating organization, which enforces its rules and regulations, covering such matters as listing requirements, secondary trading, settlement and clearing as well as the conduct and operations of member securities firms.  

 

 

© 1969 Mena Report (www.menareport.com)

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