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Al-Quds Index maintains its lead of the Middle East’ indices with the end of the first half of this year

2011-07-03

Palestine Stock Exchange “Al Quds Index” topped the performance of Arab stock markets in the first half of 2011, where it was ranked first among the region’s indices as of 30/6/2011; achieving an increase of 0.64% compared to the closing of the year 2010 and closing at the level of 492.71 points. Thus, the PEX is the only stock market in the region, which its index closed within the Green Zone in the first half of the current year, while the indices of Arab stock markets closed down in different declines.

Commenting on this development, the CEO of Palestine stock exchange, Mr. Ahmad Aweidah assured on the importance of these positive indicators, which coincide with important developments witnessed by the stock market, in which the latest was upgrading the PEX’s membership in the World Federation of Exchanges to an "Affiliate". It also comes in the midst of local and international campaigns to promote investment in the shares of the listed companies by presenting the numerous advantages offered by the Palestinian Stock Exchange, where the latest was characterized in London’s road show that had very positive reactions by the institutional investors and Global & British investment funds.

Since the beginning of this year and until the end of the trading session of Thursday, 30 June 2011, approximately 121 million shares were traded through about 40 thousands contracts that valued around $223 million, while the market capitalization of the listed companies until the end of the first half of this year reached $2.8 billion dollars.