send to a friend by email

The Share of Palestine Securities Exchange (PSE) Closes at the Level of $5.07 in its First Trading Session

2012-04-04

Palestine Stock Exchange PEX organized a special ceremony to celebrate listing its own shares and becoming a publicly traded stock itself, today the 4th of April 2012, coinciding with the 15th anniversary of its founding. This listing is the first in the current year 2012, which will raise the number of listed companies to 47 companies with a market capitalization of $2.8 billion. In order to prevent the sharp fluctuation of the share’s price in its first trading session, PSE’s price floated in the pre-opening period for half an hour until 10:15 of the session, then it was opened for trading at 10:15 at the price of $5.20, recording an increase of 420% compared to its par value, then it halted from trading for 15 minutes to calculate the price limit up and down (5%). At 10:30 the share continued trading between the limit up/down of the price until the end of the session. PSE’s share closed its first session at the level of $5.07; down by 2.5% compared to its opening price through trading 0.14 million shares that valued at $0.68 million.