The Palestine Exchange (PEX) closed Thursday, 29/03/2018 session with a trading value of $ 74,410,396 the highest value since PEX was launched in 1997, breaking the 2013 record of USD 48.40 million.
Ahmed Aweidah, CEO of PEX commented: “We are pleased to reach this level of trading. The trading volumes and values of PEX have witnessed remarkable increase over the past two years. Trading values for the first 3 months of 2018 have edged up 136% compared to the same period of 2017, an indicator of recovery and return to normal activity, hoping that this session would be the beginning of a new stage of trading activity.
This figure were a result of the acquisition of the Palestinian Islamic Bank shares by the National Bank and other investors, a clear indicator of our listed company’s attractiveness and ability to grow in spite of Palestine’s geopolitical situation.
Aweidah stressed that returning to normal levels of trading will support PEX efforts to develop the securities sector, which began early last month by signing the agreement with Nasdaq to buy the “X-Stream” trading platform, and will enhance PEX future plans to offer modern financial instruments that move the Palestinian securities sector to advanced levels.