The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

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."

Foreigners are permitted to invest in the market without restriction, and some do: Kuwait’s Global Investment House has a mutual fund devoted entirely to the Palestinian Territories. The Palestine Dedicated Fund was up 18% in the first six months of the year. "The current environment continues to be supportive of further price appreciation," says Tala Samhouri, head of Mena asset management at Global. "The first quarter of 2008 earnings have been extremely impressive, with aggregate growth of 85% year on year."


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree