Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

World Federation of Exchanges upgrades the membership of Palestine Stock Exchange to “Affiliate”

2011-06-26

World Federation of Exchanges decided to upgrade membership of Palestine Stock Exchange to become as an Affiliate in the Federation. The decision came during a meeting of the board of directors of the Federation in June 8, whereby approved the request of the PEX to be promoted from correspondent to an affiliate. The federation indicated that this decision came within the development that the PEX had achieved during the last years, and as an encouraging step to strengthen the PEX locally and its contribution to the capital formation process and the progress in the region.

Commenting on this important step, the Board of directors" Chairman of Palestine Stock Exchange Prof. Rami AL-Hamdallah praised this resolution, which represented an important development of the Palestinian capital market and a positive indication of their commitment to the global practices and international standards of the  financial markets, pointing out that this resolution was the result of the significant developments in the Palestinian capital market in general and particularly Palestine Stock Exchange in the recent years, as well as to the important improvements achieved by Palestine stock exchange on the levels of regulatory, legislative and technical, in addition to its commitment to the standards of governance ,transparency , disclosure and investors" protection.

From his side, the Chief Executive of Palestine Stock Exchange, Mr. Ahmad Aweidah assured on the importance of this resolution, which came after meeting the requirements and demands of the World Federation of Exchanges to be an affiliate member, considering that this resolution constitutes a qualitative step forward by the stock exchange towards attracting the attention of the international investors and the institutional global investments to the environment of the  Palestinian Stock Exchange, especially within the major progress in the electronic infrastructure and the legislations in addition to the distribution and information broadcasting tools, stressing out that this is a big step to approach the full membership of the federation that will constitute a significant incentive and a push towards encouraging investors on the local, regional, and international levels to invest in the Palestinian listed stocks, and will contribute in developing additional financial tools that are able to meet investors needs.

Under this membership, Palestine Stock Exchange will be able to participate in the forthcoming annual meeting of the World Federation of Stock Exchanges that will be hold in Johannesburg, South Africa. In which will open up wider prospects for the Bourse to promote investment opportunities and attract more international investments. This membership opens a greater opportunity for correlate and benefit from global activities in the field of capital markets, considering the World Federation of exchanges is the most important international reference in the securities industry in terms of the principles that govern the operations of the trading, clearing & settlement, financial intermediation, governance, disclosure and the investor’s protection.

The World Federation of Exchanges is the largest compound Stock Exchanges in the world, and is headquartered in the French Capital Paris, and comprises of 52 bourses from various regions of the world, including three Arab stock markets: Amman, Egypt and Casablanca. The Federation is currently managed by a Board of Directors composed of 17 members.

 


 

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013