Palestine bourse eyes foreign funds 

(MENAFN - Khaleej Times) The International Monetary Fund (IMF) has forecast that the economic growth in the Palestinian Territories in 2010 will reach seven per cent this year and may even cross 10 per cent in the next three years.

In order to capitalise on this strong economic growth forecast and to create awareness about the Palestinian economy, a business delegation is visiting the capital to highlight the investment opportunities in the equities.

Ahmad Aweidah, chief executive officer, Palestine Securities Exchange (PSE), who is leading the delegation, told reporters in the capital on Tuesday that he was satisfied with the positive response from UAE-based investors, who showed their interest in the listed equities.

The chief executive said that the road show is a part of an effort to draw UAE investors to the Palestine Securities Exchange, and to raise its international profile. The Exchange aims at attracting investments into the listed companies and the Palestinian economy in general, he said. The PSE is based in the cities of Nablus and Ramallah in the Palestinian West Bank, which has in recent years benefited from political stability and rapid economic growth.

The PSE held its first trading session on the 18 February 1997. The Exchange, which is a private shareholding company, operates under the supervision of the Palestinian Capital Market Authority.