Palestine Securities Exchange
|Palestine Securities Exchange|
|Headquarters||Nablus – Palestine|
|Key People||Ahmad Aweidah, CEO|
The Palestine Exchange (PEX) is a fully-automated stock Middle Eastern stock exchange founded in 1995 to promote investment in Palestine.
It was the first among the Arab stock exchanges to trade fully electronically. It is 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. In 2016 PEX became a full member at the World Federation of Exchanges (WFE)>
There are 48 listed companies on PEX as of 31/03/2019 with market capitalization of about $3,758 million 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.
The Palestine Exchange was established in 1995 as a private shareholding company to promote investment in Palestine. It transformed into a public shareholding company in February 2010, in order to comply with principles of transparency and good governance. The PEX was fully automated upon establishment.
In 2017 PEX entered into an agreement with Nasdaq to buy its new generation of trading platforms called "X-Stream." It also restructured PEX departments and operations.