FEAS Yearbook FEAS Yearbook 2008 | Page 51

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
PALESTINE SECURITIES EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 140.04
78.33
138.77
234.39
182.78
122.33
896.64 7.37
3.92
6.61
10.65
9.14
5.56
7.21 37.35
23.56
45.73
57.14
42.81
37.10
243.69 1.97
1.18
2.18
2.60
2.14
1.69
1.96
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Market Capitalization (US$ millions)
Index
Jan-08
2,737.29
596.09
Feb-08
2,748.73
599.69
Mar-08
2,958.39
622.22
Apr-08
3,186.50
714.00
May-08
3,143.49
696.70
Jun-08
3,117.51
688.58
PRACTICES & PROCEDURES
Trading
Days
Hours
Sunday-Thursday
Pre-opening 9:45 - 10:00, Regular market 10:00 -
12:00
Market segmentation
Regular market, odd lot market, sell-out market, off
floor transactions
System
Fully automated, depository link, remote access, data
dissemination, WAN
Mechanisms
Order-driven continuous auction
Market-maker/Specialists No
Instruments
Stocks
Currency
JOD and US$
Real time information
Best bid/ask, last price, last volume, total volume
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Yes
T+3
Yes
Book entry
Netting
Yes
Yes, wholly owned
No
No/yes
Banks
Taxes
Cash Dividends
Interest Income
Capital Gains Exempted
N/A
Exempted
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection Private company
Self
Exchange with Finance Ministry
approval
Exchange
Yes
Centralized (except cash dividends)
No
Yes
Foreign Participation
Foreign investors
Investment limitations
Repatriation Allowed
No limitations
No restrictions
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