Palestinian stock exchange: ‘We never closed’

Yes, Palestine has a stock exchange. And the remarkable thing is that it has stayed open consistently since its launch in February 1997. It’s not the biggest bourse in the world – 38 stocks and a market capitalization of $3.1 billion – but it lodged a claim to fame by being the world’s best-performing stock market in 2005, returning 306%. Up 30.8% in the first six months of 2008, it’s one of the world’s best performers.

Can the West Bank spring a surprise?

Palestinian banks: resilient but underemployed

The numbers are partly explained by the complete absence of other effective ways of getting any exposure to the handful of success stories on the West Bank. “At the time [2005’s record year], the stock exchange was the only opportunity for investors to invest in Palestine,” says national economy minister Kamal Hassouneh. “It is virtual not physical, there is an exit strategy, it’s liquid. It was the only window.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access