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The CEO of Palestine Stock Exchange; Mr. Ahmad Aweidah participated in the annual conference of the Arab Federation of Exchanges (AFE) which took place lately in Abu Dhabi with the participation of the Heads of Arab Stock Exchanges and in presence of a number of officials and experts from international stock markets. The conference stressed out the importance of connecting the Gulf Cooperation Council GCC’s markets altogether in addition to the surveillance role of the GCC’s Capital market committees, and the role of financial institutions in increasing the liquidity in the stock markets and the crisis management, and also discussed the investment opportunities in the Arab Region .
During the conference, Mr. Aweidah presented a topic under the title “Stock Market as a Tool for Building the Nation”, pointing out that the world’s Stock Exchanges are considered a basic structure for the new national economy, an important element of building it and a key measure of its performance. He noted that the Stock Exchanges have a central role in the economic development’s process especially with regard to increasing the listed companies’ capital in order to develop and expand. He added, the Stock Exchanges help in directing the individuals’ savings towards investments in order to benefit the shareholders when distributing dividends, in addition to the capital gains achieved by the investors from stocks trading. Mr. Aweidah said that the Stock Exchanges strengthen a good governance practices between the public shareholding companies, boost the social responsibility rules and stimulate foreign investments. Stock Exchanges help in issuance and trading of securities offered by the government in order to fund the developing projects and all that is in building a strong national economy.
On the side line of the conference, S&P Indices have launched the S&P AFE 40, an index designed to measure the performance of 40 leading companies from the Pan-Arab region. S&P Indices partnered with the Arab Federation of Exchanges (AFE) to create the Index which includes companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
It should be mentioned that the Arab federation of exchanges is concerned about the guidance side for the Arab stock exchanges. It is mission is to find transparent and fair environment in the Arab capital markets, and to limit the obstacles that prevent securities trading, and aims to achieve the correlation among Arab capital markets rules and regulations, and adopt new developed technical in trading , settlement and clearing through members and provide training securities opportunities amid members countries.