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Palestine Securities Exchange maintained a good performance and the ability to tackle the financial crisis during the current year

2009-12-31

Hamed Jad wrote:  Maher Al- Masri the Board of Directors" Chairman of Capital Market Authority described the performance of Palestine Securities Exchange in 2009 as good, taking into account that the market had not been subject to any market-flop, and its ability to maintain the prices level.  In the context of his evaluation to the market performance in 2009, Al- Masri considered that the first half of this year was the best performance in terms of trading values and volumes compared with the second half of the same year and what have been witnessed of a decline in trading volume, due to a number of internal and external causes highlighted by the financial crisis in many of the foreign capital markets during the second half of the year 2009. Al-Masri pointed in an interview with "Al-Ayyam" to the indirect impact and its extent that caused by the financial crisis on investors in the Gulf markets , noting that the Palestinian market maintained the level of prices dramatically and there was a weakness in the market value of trading, which reflected negatively the brokerage firms and their ability to attract new investors to the Palestinian market, stressing out the importance of the role of brokerage firms as a key player in the financial market and a key driver in raising the trading values. Al- Masri expected that the market performance next year will witness a remarkable development, compared with the year 2009, which is expected for four new local companies new to enter the market, which will contribute to activate the trading value and volume in the domestic market.