FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
PALESTINE EXCHANGE
Technological Developments
• Developed and launched a comprehensive
financial and administration system (ERP)
• Projects in the pipe line: the PEX trading
system, “IFSAH” disclosure system,
Business Process Management system
(BPM).
Data Dissemination
• Signed many data dissemination
agreements with local, regional and
international bodies. Disseminated
information includes trading information,
statistical reports, listed companies’
disclosures and corporate actions, as well
as the PEX news and press releases. all
mentioned information is also published
on the PEX website (www.pex.ps),
face book page (www.facebook.com/
PalestineExchange) and the market watch.
THE PALESTINIAN POLITICAL AND
ECONOMICAL SITUATION IN 2012
The Palestinian economy is lead by the private
sector. The private sector has proven to be
resilient over the years and has been able to
overcome various challenges and obstacles
imposed by the Israeli occupation mainly on
trade and freedom of movement. The GDP
has risen 50 percent since the beginning of
2007. GDP in the first three quarters of 2011
grew by 6.1 percent, and the Palestinian
economy continues to demonstrate exceptional
endurance and adaptation capabilities.
A major achievement on the political scene
in 2012 was the promotion of Palestine to
nonmember Observer State during the UN
General Assembly in November. However
the Israeli occupation and its restrictions on
people, trade and resources, in addition to
the expansion of settlement activities remain
the main obstacle that hinders the Palestinian
economy.
Nevertheless, Palestine’s economy, stock
exchange, listed companies, infrastructure, and
banking system are ahead many of their peers
in the MENA region. Palestine starts from a low
base but, by consensus of all major forecasters,
it is likely to have one of the world’s highest
growth rates.
Description
Q3/2012
GDP Growth
GDP per capita
Unemployment percentage
6.1%
2.9%
23%
QUARTERLY GDP IN THE WEST BANK AND GAZA STRIP 2007-2012 IN MILLIONS
1,800.00
1,700.00
1,600.00
1,500.00
1,400.00
1,300.00
1,200.00
1,100.00
Key Information Contacts
Palestine Capital Market Authority www.cma.gov.ps
Ministry of Finance www.mof.gov.ps
Ministry of National Economy www.met.gov.ps
Palestinian Investment Promotion Agency www.pipa.gov.ps
Palestine Monetary Authority www.pma-palestine.org
Palestinian Central Bureau of Statistics www.pcbs.org.ps
Palestinian Economic Council for Development and Reconstruction www.pecdar.org
Palestine Institute for Financial & Banking Studies www.pifbs.com
Palestine Media Center www.palestine-pmc.com
Custodian Bank - HSBC Bank Middle East www.middleeast.hsbc.com
CONTACT INFORMATION
Contact Name Mr. Ahmad Aweidah
PAGE 76
E-mail [email protected]
Website www.pex.ps
2011
900.00
1,000.00