Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

PADICO and Palestine Securities Exchange organize a discussion on the reality of the capital market and its challenges


Ramallah –Al Quds Special Reporter - Palestine Development and Investment PADICO and Palestine Securities Exchange organized the day before yesterday, a discussion in Ramallah, under the title of "Palestinian capital market, the reality and challenges" in which representatives of listed companies and members of the PSE, and a number of specialists and officials of banks and Monetary Authority and Capital Market Authority. Participants discussed the reality of capital market and the challenges they faced during the past year, especially the financial crisis that affected most of the world markets, as well as they reviewed the performance and constraints faced by the market in the past year to derive lessons, as well as to discuss mechanisms to increase the volume of trading and investment in the local market and make it a catalyst for local and foreign investors. At the beginning of the meeting, the Chief Executive Officer of PADICO Samir Huleileh welcomed the audience and called to activate the market by a package of procedures including increasing the number of listed companies, emphasizing the responsibility of PADICO towards its companies and investments, and added " PADICO started recently a re-structuring plan of the Group companies and investments aimed to concentration of investments in specialized companies and reduce administrative expenses, and improve the performance of those companies to reflect on their profits, and there is no doubt that these mergers and the new structures have affected the liquidity in the financial market" . For his part, The Chief Executive of the PSE Ahmad Aweidah indicated that the number of listed companies by the end of last year rose to 39 companies divided into five sectors, noting that one of the biggest challenges facing the Palestinian market is a the major concentration of the market capitalization in one share and its acquisition of more than 40% of the total market capitalization of Palestine Securities Exchange, pointing out that the services sector constitutes the highest share of volume of traded shares by up to 45%, followed by the banking sector and then investment.



Al-Quds Index in the green zone despite the political instability



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