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Palestine Securities Exchange. Prepare By: Reema jamil hamdan University ID: 120070548 Supervisor By: Salwa El shorafe. Agenda. *Palestine Securities Exchange *Vision *Mission *PSE Board Of Directors *Trading center *Inclusion *Primary market, Secondary Market
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Palestine Securities Exchange Prepare By: Reema jamil hamdan University ID: 120070548 Supervisor By: Salwa El shorafe
Agenda *Palestine Securities Exchange *Vision *Mission *PSE Board Of Directors *Trading center *Inclusion *Primary market, Secondary Market *Listed Companies Center *The objectives of the market
Palestine Securities Exchange Founded in 1995 as a private shareholding company, the current capital of the Palestine Securities Exchange (PSE) is 10 million shares, each with the nominal value of $1(US). By the end of 2007, there were sixty-four employees at PSE, divided between the headquarters in Nablus and the branch in Ramallah.
Vision The PSE seeks to be an exemplary model for the Arab and regional stock exchanges, through its new services, ability to attract investors and capacity to create optimal investment opportunities in the securities sector. The PSE is committed to the rules of good institutional governance, uses the latest technological tools and builds close relationships with Arab, regional and international markets.
Mission The PSE strives to provide a market for trading securities and financial instruments that is characterized by equity, transparency and competence, serving and maintaining the interest of investors. This is achieved by providing a climate that attracts domestic and foreign investments and by interacting with institutions in a manner that serves the national economy and promotes the culture of investment in the stock exchange.
inclusion ** What is meant by inclusion? Listing is to record public shareholding company in the market to beShares through the market. ** Is the listing in the Palestine Securities Exchange is mandatory for companies? Yes, it provides items «3» and «2» Article (103) of the Securities Law No. (12) for the year 2004:
Inclusion (con.) {2} Must contribute to all public companies to submit applications for inclusion in the market . {3}Must all contribute to the existing public companies to submit applications for inclusion in the market, . «Including their correct and consistent with the provisions of this law within six months from the date of entry into force
Primary market, Secondary Market One of the most important requirements for listing shares of companies (contribution) in the primary market: 1-Not least the company's capital is subscribed to it for the (2,000,000) million . JD, and be paid in full 2-Not least the number of contributors to the company (150). 3-Must be at least the share of the public in the company's 25% of the capital subscribed by
Primary market 4-Not least the number of shares issued for (100,000) one hundred thousand shares 5-That the exercise of the activity of the company already has published its financial statements prepared in accordance with standardsInternational Accounting for financial period of two years at least. 6-Members of the Board of Directors of the company's expertise in the area of Business.
Secondary Market 1-The capital subscribed by the company be paid in full 2-To be put to the public at least 25% of the total shares of the company. 3-That the company has published its financial statements and the company undertakes the publication of its budget and the results of their work in the media Published daily. 4-Not least the number of shareholders (50) fifty contributor
Other Companies 1-PALESTINE PLASTIC INDUSTRIES Co. 2-JERUSALEM CIGARETTE COMPANY. 3-AHLIEA INSURANCE GROUP. 4- PALESTINE POULTRY COMPANY .
The objectives of the market 1-To develop the foundations for the circulation and delivery of information to ensure justice and equality among all dealers in securities. 2-To provide greater stability in the movement of prices, so as to rise and fall of stock prices on a regular basis and gradually.
The objectives of the market (con) 3-Provide widespread and accurate delivery of information required and the necessary speed. 4-Protect investors from all forms of manipulation and fraud.