VOL. XLII

No 21

24-May-1999

PALESTINE

PSE Continues To Witness Growth

The Palestine Securities Exchange (PSE), although not yet anaccurate reflection of the Palestinian economy as a whole, witnessed a sharpupturn following the Israeli election on 17 May. Once it became clear that Mr.Ehud Barak would be the new Prime Minister of Israel, the general index,Al-Quds, recorded strong gains. On May 18, led by companies like Paltel, theindex rose by 3.17%, with Paltel rising 4.6%. "I think peoples...