In an interview with the London daily Al-Sharq al-Awsat, Ahmed 'Uwaidha, head of the Palestine stock exchange (PSE), said that his country was less affected by the global financial crisis than the Arab bourses, because foreigners have avoided investing in it.
Foreign investment in PSE does not exceed 15%, he said, but added that PSE officials are organizing "road shows" to attract foreign investors, including Palestinians residing abroad.
There are currently 39 companies listed on the stock exchange.
In 2010, PSE plans to issue four IPOs (initial public offering), including National Mobile (telecommunications). The PSE will also list the "Palestino" football club, which plays in the premier league of Chile.
Source: Al-Sharq Al-Awsat, London, December 14, 2009
Posted at: 2009-12-14