May 3, 2020 / 9:54 AM / 22 days ago

Palestinian stock exchange reopens after coronavirus hiatus

GAZA, May 3 (Reuters) - The Palestinian stock exchange resumed trading on Sunday, 40 days after halting operations to protect staff and prevent market volatility amid the spread of the coronavirus.

The Palestine Exchange is based in the Israeli-occupied West Bank, where health officials have reported two deaths from the virus and 336 cases of infection.

The Palestinian Authority ordered a full lockdown in the West Bank weeks ago, but has slowly started easing restrictions.

Ahmad Aweidah, chief executive of Palestine Exchange, said investors would be able to trade remotely, in line with health guidelines.

Forty-eight companies are listed on the exchange and the market has a total market capitalisation of about $3.8 billion. (Reporting by Ali Sawafta and Nidal Almughrabi; Editing by Edmund Blair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below