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Palestine Securities Exchange (PSE) and Al-Wataniyeh Securities Company signed recently an agreement of cooperation where Al-Wataniyeh provide on-line trading services for its clients through the e-trading system available on its websites www.alwatanieh.ps. This service enables investors to sell and buy stocks of companies listed on the exchange via the internet.
Mr. Ahmad Aweidha, the CEO of PSE, confirmed the importance of expanding the scope of electronic trading. He clarified that the percentage of on-line trading was 18.91% of the total stocks traded in 2008, while the percentage of the total value of on-line traded stocks was 18.84% for the same year. Mr. Aweidah explained that PSE will devote all efforts to benefit from technological development in international securities exchanges and stock markets, in addition to providing the latest electronic services for investors and those dealing with PSE in Palestine and abroad attract the attention of investors, residents and expatriates and also polarize foreign investment.
Mr. Ahmad Al Asa, the Director General Al-Wataniyeh Securities, pointed out that launching this service comes in line with the company’s policy to provide the best services for investors regardless of their location. “This service will enable investors to sell and buy stocks on line at PSE more effectively and expediently and without having to contact the company.”
Signing an agreement to provide on line trading service with Al-Wataniyeh Securities is one of a number of similar agreements that PSE signed with most of the member companies in the PSE over the past two years. PSE had launched the E-trading service in April 2007 and is among the first Arab securities exchanges that provide this service.
