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Palestine Stock Exchange is better known as the Palestine Securities Exchange and is located in Nablus. The Palestine Stock Exchange was established in the year 1995 as a private company in the sector of shareholding. The major investors include the SAMED and the PADICO or the Palestine Development and Investment Company.
The number of shareholding companies got increased from twenty eight to thirty three in the year 2006. Although the decision of offering 40% Palestine Stock Exchange did not succeed, yet the plan was not discarded altogether. The PADICOI even tried to sell off 50% of its share to the Palestine Stock Exchange, which was equal to the 40% of the total; capital of the Stock Exchange of Palestine. There was also a drop in the average trading volume from 37.9% to 0.94 million shares, as compared to the 1.5 million shares in the year 2005.
There is a total listing of thirty six companies at the Palestine Stock Exchange. Presently the list of the shareholding companies at the Palestine Stock Exchange include a wide range of sections like the utilities, pharmaceuticals, telecommunications as well as the financial services. More forty companies are planning to be a part of the Palestine Stock Exchange, which will have a market capitalization of more than $1 billion USD. Most of the listed companies at the PSE however deal in the Jordanian Dinar.
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