FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
PALESTINE EXCHANGE
Accordingly, phases of the trading session
became as follows:
- -
- -
- -
- -
- -
Pre-open: 9:45-10:00
Open: 10:00
Continuous trading: 10:00-13:00
Cross trades/Pre-close: 13:00- 13:30
Close: 13:30
• Modification of fluctuation rates (+/-) on
stock prices listed on the PEX during each
trading session as follows:
- - 7.5% for listed stocks on the primary market.
- - 5.0% for listed stocks on the secondary
market.
Publications
• The Quarterly Souq El-Mal Magazine (a
specialized magazine in capital markets).
• Monthly Investor Newsletter.
• The PEX Annual Report.
• Daily, weekly and monthly statistical report.
Investor Education
• The Stock Simulation competition among
Palestinian universities with the participation
of 180 students from 9 Palestinian
universities.
• Educational session to schools and
universities’ students at the PEX premises
with the participation of 1200 students from
the Palestinian schools and universities.
Training Courses
The PEX conducted the following training
courses with the participation of employees
from the capital market sector:
• “Portfolio Construction and Analysis” Training
Course.
• “Internal Audit for Brokerage Firms “Training
Course.
Investor Relations
The Palestinian Chapter of the Middle East
Investor Relation Society chaired by the PEX
held four meetings in 2013 and continued its
efforts towards supporting and developing the
abilities of the PEX’s listed companies’ to adopt
international best practice in IR.
Technological Developments
• Developed and launched a comprehensive
financial and administration system (ERP)
Projects in the pipe line: the PEX trading
system, “IFSAH” disclosure system, and
Business Process Management system
(BPM).
Data Dissemination
The PEX has 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
Key Information Contacts
Palestine Capital Market Authority www.cma.gov.ps
Palestine Monetary Authority www.pma-palestine.org
Palestinian Central Bureau of Statistics www.pcbs.org.ps
Custodian Bank - HSBC Bank Middle East www.middleeast.hsbc.com
Palestine Institute for Financial & Banking Studies www.pifbs.com
CONTACT INFORMATION
Contact Name Mr. Ahmad Aweidah
PAGE 80
E-mail [email protected]
Website www.pex.ps
the PEX website (www.pex.ps), face book page
(www.facebook.com/PalestineExchange) and
the market watch.
Economic Development
The Palestinian economy is a market-based
economy in which the private sector plays a
leading role, with a supportive government
that believes in partnership. Both the private
and public sectors have agreed on an export -
oriented and outward looking strategy utilizing
a broad number of economic agreements and
the implementation of international best practice
and standards towards building the economy.
The Palestinian economy continued to
demonstrate exceptional endurance and
adaptation capabilities in spite of many political
challenges; Palestine was one of the fastest
growing economies in the MENA Region over
the past five years, GDP growth averaged
around 8.4%. Economic growth was mainly
driven by the PA’s spending financed through
substantial donor assistance and a relative
easing of Israeli restrictions on trade and people
as well as private sector investments that were
mainly confined to the real estate sector.