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 31/08/2014 with market capitalization of about $ 3.227 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.
We seek to be a model for Arab and regional financial markets, through providing innovative services, proposing ideal investment opportunities in securities, attracting investments, the use of state of the art technology, compliance to the rules of corporate governance and establishing constructive relations with Arab, regional and global markets.
To provide a fair, transparent and efficient market for trading securities that serves investors, protects their interests, contributes to creating an enabling environment that attracts local and foreign investments, and interacts with local and Arab relevant institutions in a manner that serves the national economy and enhances the culture of investment in financial markets.
• To provide a safe and enabling trading environment characterized by efficiency, fairness and transparency.
• To increase the investment awareness of the local community and enhance PEX relations with local, Arab and international economic institutions and forums.
• To develop domestic investments and attract Palestinian Diaspora & foreign capital.
• To increase the depth of the exchange by continuously listing new companies and providing new and diverse financial tools and services.
• To create a proficient working environment within the PEX by investing in human capital, and maintaining an up-to-date 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"