Providing a Safe Investment Environment
The Palestine Exchange (PEX) was established in 1995 to promote investment in Palestine as a private shareholding company and transformed into a public shareholding company in February 2010 responding to principles of transparency and good governance. The PEX was fully automated upon establishment- the first fully-automated stock exchange in the Arab world and the only Arab exchange that is publicly traded and fully owned by the private sector. The PEX operates under the supervision of the Palestinian Capital Market Authority.
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.
There are 49 listed companies on PEX as of 01/12/2014 with market capitalization of about $3,081 billion across five main economic sectors; banking and 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.
Ø December: S&P created a stand alone index for Palestine.
Ø September: The highest trading value in one session of 48.5m USD.
Ø June: MSCI created a stand alone index for Palestine.
§ 2012 : Listed Company.
§ 2011 : Listed a record seven new companies in one year.
§ 2010 : Public Shareholding Company... New Corporate Identity.
§ 2008 : Ranked 33rd amongst International Stock Exchanges and second in the region in terms of investor protection.
§ 2007 : Launch of E-Trade Service.
§ 2006 : Launch of the Investor Education Program.
§ 2005 : The Al-Quds Index increased by 306% compared to 2004, recording the highest amongst the world stock exchanges.
§ 1997 : First trading session (18 February).
§ 1995 : Established as a private shareholding company.
A Model National Exchange of Global Aspirations.
To position Palestine at the Global investment map through providing an investment environment characterized by equity, transparency and competence as per international best practice.
- To provide a safe trading environment that serves investors and protects their interests.
- To increase the investment awareness of the local community and enhance PEX relation with local, regional and international financial institutions and Associations.
- To develop domestic investments and attract Palestinian Diaspora & foreign capital.
- To increase market depth and provide new and diverse financial tools and services.
- To create a proficient working environment within the PEX by investing in human capital and maintaining state of the art technologies of stock markets.
There are many reasons to invest in the Palestine Exchange:
1. Small yet robust.
2. Great spring back potential.
3. Tried & tested.
4. Undervalued stocks.
5. Evolving and efficient regulatory environment within international best practice.
6. No restrictions on foreign investment or taxation of capital gains, no foreign exchange restrictions.
PEX Regulatory Framework
In 2005, with the development of the legal structure of the securities sector in Palestine, particularly the issuance of the Securities Law No. (12) of 2004 and the Capital Market Authority Law No. (13) of 2004, the Palestine Capital Market Authority (CMA) took over the responsibility of supervising the PEX and issuing securities by the public shareholding companies. The PEX operates in accordance with the Securities Law No. (12) of 2004, and the bylaws that stemmed from it in a manner that does not contravene with the CMA directives.
The PEX works also in accordance with modern regulations, which form a strong basis to ensure a fair trading environment. These regulations include: listing regulation, trading regulation, disclosure regulation, membership regulation, dispute resolution regulation and the regulation of professional conduct.
"Palestine of Opportunities"