|Address||Trust Building, 4th Floor, Amman street. P.O.Box 128 Nablus Palestine|
|Telephone||+970 or +972 9 2390999|
|Fax||+970 or +972 9 2390998|
|Contact Person|| Mohammad Khraim|
+970 or +972 9 2390999
|FEAS Membership Status||Full member|
PEX was Established in 1995 as a private company aimed at promoting investment in Palestine the PEX held its inaugural trading session in February 1997. In 2010 PEX transformed itself to become the second publicly traded Arab stock exchange entirely owned by the private sector.
The Exchange provides investors with a fair transparent and fully automated trading venue. It focuses on attracting a wide range of regional and global investors including those among the Palestinian Diaspora. PEX is financially sound and able to weather a volatile world as demonstrated by its performance relative to other MENA exchanges during the global financial crisis.
Since inception the Palestine Exchange has leveraged the latest technology to ensure maximum transparency integrity and investor protection. PEX trading surveillance and CSD was always carried out using NASDAQ OMX systems. In 2019 trading will be shifted to NASDAQ’s next-gen “X-Stream” platform.
PEX listed companies are divided into five sectors: banking and financial services insurance investment industry and services. Shares trade in Jordanian dinars and US dollars. PEX member securities companies (brokerage firms) operations are extended across the West Bank and Gaza Strip and authorized custodians are available to work on behalf of foreign investors.
PEX is Classed as “Frontier Market” by FTSE Russell and as a stand-alone country within both MSCI and S&P indices the Palestine Exchange maintains an international presence via membership in several organizations including the World Federation of Exchanges (WFE) the Federation of Arab Stock Exchanges the Federation of Euro-Asian Stock Exchanges (FEAS) the Forum of Islamic Stock Exchanges the Africa & Middle East Depositories Association (AMEDA) and the Association of National Numbering Agencies (ANNA).
PEX is registered (562601187) with the Companies Controller at the Ministry of National Economy and operates under the supervision of the Palestinian Capital Market Authority.
To be a model national stock exchange with an international profile.
To provide a world-class trading environment characterized by equity transparency and efficiency.
|Regulator||Palestine Capital Market Authority|
|Trading Hours/Sessions||Pre-opening session||9:45 – 10:00|
|Continuous trading session||10:00 – 13:00|
|Pre-Close||13:00 – 13:30|
|Order Types||Fixed price order / Market price order / Day order / Good till date order / Open order|
|Spreads||Price limit up and down: (7.5%) for shares listed in the first market and (5%) for shares listed in the second market and (5%) for listed Bonds.|
|Settlement Types||BIS Model 2|
|Settlement Currency||USD / JOD|
|Anti-money laundering Requirements||Applied – as per the PCMA instructions (04/2016). PEX is also a member at the Anti money laundering national assessment|
|IOSCO Membership||The regulator “PCMA” is an IOSCO full member|
|Days||Monday / Tuesday / Wednesday / Thursday / Sunday /|