As early as 1995, a number of pioneers in the Palestinian private sector realized the importance of creating a well-regulated, up-to-date market for securities in the country. The aim was to tap and channel domestic and foreign capital into the business community through long-term financing of commercial and infrastructure projects. Their ideas materialized into an agreement signed with the Palestinian National Authority (PNA) on November 7, 1996 to operate the Palestine Securities Exchange (PSE) as a private shareholding company. On February 18, 1997, PSE conducted its first trading session as the first fully automated and electronic Arab stock exchange.
From only a few companies listed in early 1997, the number of listed companies rose to 28 in 2005 and is expected to grow further in the near future after the promulgation of a number of laws including the securities law by the PNA.
(last updated: 02-June-2008)
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