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Palestine Exchange in the FTSE Frontier Markets Index

2015-09-13

The FTSE Russell Governance Board approved the promotion of the Palestine Exchange to Frontier market status within the FTSE Country Classification scheme starting September 2016. This promotion to Frontier Market status is a reflection of Palestine Exchange ability to meet the FTSE group qualities of markets criteria and a result of the continued improvement in corporate governance, operational integrity and transparency in Palestine’s capital markets. Mr. Ahmad Aweidah, CEO of PEX expressed his satisfaction and indicated that this is an important first step for the exchange. He hoped that the upgrade would have a positive impact on attracting further foreign investment in to PEX and increasing liquidity and trading volumes.