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FTSE to upgrade Palestine Exchange to Frontier market status

2015-05-24

FTSE group recently informed the PEX of its possible upgrade to frontier market status during the next classification review on September 2015. Palestine Exchange was informed by a letter from FTSE group that it meets the five qualities of markets criteria, including: regulatory environment, capital controls, clearing & settlement, and market transparency.  Mr. Ahmad Aweidah, CEO of PEX expressed his satisfaction saying that the upgrading is a signal to the international investment community of the level of good governance and quality of infrastructure that PEX has built over the past few years, hoping that it will attract further foreign investment into PEX.