FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
PALESTINE SECURITIES EXCHANGE
The year 2007 witnessed prominent
presence of the PSE on many levels.
Dr. Hasan Abu-Libdeh
Chairman
The Palestine Securities Exchange (PSE)
celebrated the 10th Anniversary of the First
Trading Session that took place on 18 February
1997. On that significant date, the first stock
exchange for trading securities was established
in Palestine.
For a whole decade, the PSE has proven to be
up to the challenges resisting an unsmooth
economic and political reality with a high level
of commitment to its goals and to the
development of an enabling investment
environment.
In spite that the value of traded stocks
decreased during 2007–consequently the value
of trading is dropped down–due to the political
situation, trading activity is considered to be
better than the year 2006 in terms of the
amount of stocks traded and number of
transactions executed.
FUTURE OUTLOOK
The PSE is currently preparing its five-year plan
as it ushers into its second decade, setting
forth strategic goals to provide an environment
of equitable trading, increase investment
opportunities, and prospects for listed
companies. It will diversify its financial
instruments and focus on the development of
human resources and administrative upgrading.
It will additionally dedicate more effort to
The year 2007 witnessed the prominent
presence of the PSE on many levels.
The PSE was able to enhance its role locally by
reinforcing principles of transparency,
investment culture and good governance. The
PSE convened the “First Annual Palestinian
Capital Market Forum” in September 2007
which gained everyone's recognition for its high
level of organization, the high quality of
presented papers and vast participation. The
Forum was under the auspices of his
Excellency, the President Mahmoud Abbas and
the presence of the Palestinian Prime Minister
Salam Fayyad. The PSE is very proud of its listed companies
achieving 100% disclosure in the year 2007.
Disclosure represents the most important pillar
of the stock exchange and one of the important
conditions of fair trading.
In 2007, the PSE issued the "Companies Guide"
for the first time in its history. It has also
launched the e-trading service where it was the
fourth Arab exchange to do this. Moreover, the
PSE produced a documentary film in Arabic
and English to attract foreign investments and
the production of the film was completed during
a road-show project in Dubai. Today we see a locally, regionally and
internationally recognized institution that
competes with many other stock exchanges
with more conducive working environments.
Our common values will always be good
governance, transparency, efficiency, fairness &
equal opportunities. We ask the almighty God
to help us in providing a suitable and better
investment future for Palestine.
The year 2007 also witnessed distinctive
developments in terms of the Investor
Education Program, networking with
stakeholders, and active participation in the
activity of companies' governance in Palestine.
The PSE also supported the Palestinian
community in the year 2007 by supporting the
education sector.
improvement of the legal environment, working
mechanisms, disclosure, transparency, listing
and keeping up with the latest developments
together with investment awareness,
communication and an electronic trading
environment.
CONTACT INFORMATION
Contact Name Ahmad Aweidah
E-mail [email protected]
Website www.p-s-e.com
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