FEAS Yearbook FEAS Yearbook 2015 | Page 41

ANNUAL REPORT 2015 FEDERATION OF EURO-ASIAN STOCK EXCHANGES PALESTINE EXCHANGE The PEX is one of the most rewarding exchanges in the region, with a dividend yield of 6.16% in 2014, and an average of 6.34% over the past five years. Ahmad Aweidah CEO The Palestine Exchange (PEX) is the gate to investment in Palestine; it has 49 listed companies, with market capitalisation of USD 3.1 billion. exchange restrictions; our country has reliable infrastructure, modern telecom services, and a well- regulated and liquid banking sector. The grand majority of our listed companies were profitable in 2014. The PEX is one of the most rewarding exchanges in the region, with a dividend yield of 6.16% in 2014, and an average of 6.34% over the past five years. The PEX is also attractive for institutional investors who seek long-term rewards; it uses best-of-breed technologies and enjoys high transparency and good compliance with disclosure rules. Palestine enjoys a friendly and encouraging legal and regulatory environment vis-à-vis foreign investment. There are no restrictions on foreign ownership, no capital gain taxes or foreign Finally, we are constantly focused on our strategic goal to build a world-class national stock exchange. The PEX is listed on the MSCI & S&P on their stand alone indices and is on the “Watch List” of FTSE international indices for possible promotion to Frontier market status. key HigHligHts Of tHe year Companies and market capitalization Number of listed companies Foreign companies Number of new listings Domestic market capitalization (USD million) Trading Value of share trading (USD million) Number of share trades (thousand) Value of bond trading (USD) Number of bond trades (thousand) Index Al-Quds Index Facts that investors have been taking into account include the attractive valuation of PEX-listed stocks, low multiples, and high-dividend yields as well as the consistently good financial performance of Palestinian listed companies. 31.12.2013 31.12.2014 49 0 1 3,247.48 48 0 1 3,187.26 340.8 202,965.9 0 0 353.9 181,545.2 0 0 541.45 511.77 “ The Palestine exchange (PEX) is the gate to investment in Palestine; it has 49 listed companies, with market capitalisation of USD 3.1 billion. ” ABOUT PALESTINE EXCHANGE Established: 1995 Chairman: Dr. Farouq Zuaiter Address: Fourth floor- Trust building- Amman street, Nablus, Palestine, P.O. Box 128 Contact name: Mr. Mohammad Khraim E: [email protected] W: www.pex.ps FULL MEMBERS 39