VOL. XL

No. 8

24-February-1997

PALESTINE

Palestinian Stock Market Opens In West Bank

The Palestinian stock exchange started modest trading on 18 February at the beginning of a three-week introductory training period. The $2mn fully automated Palestinian Securities Exchange (PSE) has 23 companies listed so far and will initially be open for trading once a week for 3.5 hours. It will have an initial 5-day clearing system through the Jordan-based Arab Bank, which has been nominated to act as the...