Palestine Exchange (PEX), the official Palestinian stock market based in the northern West Bank city of Nablus, was elected last week to the Board of Directors of the Federation of Euro-Asian Stock Exchanges (FEAS) for the upcoming term during its annual meeting held in Armenia, the headquarter of the Federation, from June 14-16. PEX General Manager Nihad Kamal represented the Exchange in the meeting. Over 180 participants attended, representing over 30 countries, including CEOs of various stock exchanges and directors of member institutions. The conference featured more than 40 speakers who discussed important topics, latest trends, opportunities, trading, sustainability, public relations and investor relations. Discussions at the 37th annual meeting included the election of new members to the Board of Directors. Radu Hanga, the Chairman of the Bucharest Stock Exchange, was elected as the President of the Federation, and eleven members, including PEX, were elected to the Board of Directors. Kamal emphasized that this achievement is a new Palestinian success that highlights the leading role of Palestinian institutions on a global level. It is a significant accomplishment for the Palestine Exchange, despite its modest size in comparison to regional and global markets. The Federation of Euro-Asian Stock Exchanges was established in 1995 with its headquarters in Armenia. Currently, it has 43 members from 31 countries. The Palestine Exchange had a full membership in the Federation in 2000, in addition to its memberships in the World Federation of Exchanges (WEF) and the Arab Federation of Exchanges (AFCM) and others.

Source: Palestine News & Information Agency