FEAS Yearbook FEAS Yearbook 2021 | Page 70

Palestine Exchange

The Federation of Euro-Asian Stock Exchanges

Market Future Development

• Launch PEX new website.

• Conclude the development of PEX CSD system, developed in-house.

• The implementation of “X-Stream” trading platform.

• Introducing new products as per market needs.

• List new family business companies

About Company

Established: 1995

Address: Nablus /Rafidya-Asal building -7th Floor

Working hours: 08:00 -15:30

Contact Name: Zakia Naser Hanani

Email: [email protected]

Website: www.pex.ps

- Joined FEAS in 2000-

Maher Masri

Chairman of the Board of Directors

Year in review

As we navigate through a global pandemic, it reflects another watershed moment in both technological development and business performance. The PEX proved its resilience and continues to play its important role in the economy and society as a whole.

Our company earned a net after tax profit of $1,002,595 (about $0.10 per share) in  2021. Briefly, the Al-Quds Index witnessed a significant increase of 29.11 percent over the closure of the preceding year 2020, an increase of approximately 137 points, to close at 608.45 points. It recorded its highest closing value during the year at 616.90 points. Trading value amounted to approximately USD419 million, an increase of 120.25 percent over 2020.  The number of traded shares increased by 132.78 percent, amounting to just over 201 million shares through 33,531 transactions, an increase of 94.46 percent over the number of transactions executed during the year 2020. Daily average of trading was worth about $1.7 million distributed over 245 trading sessions. The market value of the stock exchange at the end of the year 2021 amounted to about $4.41 billion, up 27.86 percent or about US$ 1 billion over 2020 and the highest value since 2005.

PEX listed companies paid dividends for fiscal 2020 of approximately US$134 million, down 16.25 percent from the previous year.

The Exchange held many activities and events throughout 2021, represented by many media and academic meetings and international electronic participations with many international organizations concerned with financial markets around the world. And the implementation of the main activities that came in the forefront of ringing the bell for gender equality, ringing the bell for financial literacy, the Global Investor Week, and the virtual promotional campaign that was implemented in partnership with the FEAS and the Amman Stock Exchange.