name: Palestine Exchange
The Palestine Exchange is a Palestinian stock exchange with its headquarters in Nablus. It was established in 1995 and its goal is to provide investors with a fair, transparent and competitive trading environment that serves and protects the interests of investors.
As of December 2012, the Palestine Exchange has 48 listed companies with a market capitalization of approximately US$30 billion. These listed companies are involved in five main areas: financial services, insurance, investment, industry and service industries. Most public companies trade in Jordanian dinar, while other transactions use the U.S. dollar currency. In 2009, it ranked 33rd in the world security market. Approximately half of the exchange’s investment comes from Palestine and the other half comes from overseas investment.
In early 1995, the Palestine Exchange was incorporated as a privately held company, and the Palestine Development and Investment Corporation became its main investor. It is the first stock exchange in Arab – after its establishment, the exchange uses a fully automated trading model. In February 2010, it became a publicly held company and it operates under the supervision of the Palestinian Capital Market Authority.
On April 24, 2007, the Palestine Exchange launched an electronic trading portal. The chief executive officer of the exchange is Ahmad Aweidah, and the currencies are U.S. dollars and Jordanian dinar.
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