Palestine Securities Exchange
Sector Statistics for May 2009
Al-Quds Index
The Palestine Securities
Exchange (PSE) was incorporated as a private limited liability company
in 1995. Its major shareholders
include Palestine Development & Investment Company (PADICO)
and SAMED. The PSE was the number one performing Arab stock
exchange in 1999.
The PSE commenced official trading activities in February 1997.
It is committed to serving as an efficient, modern, and well-regulated
exchange in order to facilitate and maximize the flow of long-term
investment capital into the Palestinian economy. The PSE is a member
of the Federation of Euro-Asian Stock Exchanges and a member of
the Union of Arab Stock Exchanges and Securities Commissions. It
is also a member of the Arab Monetary Fund, as well as the International
Federation of Stock Exchanges.
Currently, Thirty-eight shareholding companies are listed on the
Exchange. The companies
span a wide range of sectors including pharmaceuticals, telecommunications,
financial services, investments, and tourism. Presently pending
before the Palestinian Legislative Council is the Securities Law,
which upon adoption, is expected to instill greater confidence
in the Securities Exchange.
The PSE acts as an intermediary between Palestinians living abroad
and in Palestine, facilitating the repatriation of long-term investment
capital into the economy.
The PSE is a self-regulating organization, charged with enforcing
rules and regulations relating to listing requirements, trading,
settlement and clearing and the activities of the brokerage securities
firms. At present, the Ministry of Finance is the regulator.
Sector Statistics for First Five Months 2009
|
Sector
|
Number of Companies
|
Volume of Trades
|
Value of Trades (USD)
|
Trade Count
|
Market Capitalization (USD)
|
|
Banking
|
7
|
35,149,872
|
63,373,646
|
10,715
|
467,628,429
|
|
Insurance
|
5
|
2,304,183
|
2,339,490
|
1,013
|
88,006,736
|
|
Investment
|
8
|
89,306,504
|
76,666,261
|
18,075
|
426,438,101
|
|
Manufacturing
|
10
|
5,439,678
|
13,416,298
|
3,085
|
175,140,450
|
|
Services
|
8
|
16,968,067
|
108,582,235
|
10,905
|
1,201,406,439
|
|
Total
|
38
|
119,168,304
|
264,378,019
|
43792
|
2,358,620,155
|
|
Source: PSE - May 2009 data
|
Al-Quds Index
Al-Quds is the local index, which is a composite indicator that
reflects the price of selected companies in the securities market.
It provides a visual summary of the capitalization growth and illustrates
the ability of the market to perform well even in periods of pessimism
towards the peace process
|
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