Palestine Securities Exchange
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The Palestine Securities Exchange (PSE) was incorporated as a private shareholding company in early 1995, with the Palestine Development & Investment Company (PADICO) and (SAMED) as its major investors.
After the Palestinian National Authority (PNA) approved a PADICO - sponsored design and work plan in July 1995, a project team was put together by the PSE and entrusted to establish a fully electronic exchange and depository. EFA Software Services, a Canadian company, provided both the trading and settlement & clearing systems. By August 1996 the Exchange was fully operational and on November 7th of that year, the PSE signed an operating agreement with the PNA, allowing for the licensing and qualification of brokerage firms to take place. On February 18th 1997, the PSE conducted its first trading session.
Twenty-eight shareholding companies have been approved for listing so far with additional companies expected to be listed in the coming future. The current list of companies span a wide range of sectors including pharmaceuticals, utilities, telecommunications, and financial services. There are currently an estimated 40 Palestinian companies eligible to be listed on the Exchange with a market capitalization of over 1 billion USD. Shares of listed companies are mostly traded in Jordanian Dinars, while some are traded in US Dollars.
