NewsMine — war-on-terror — israel — negotiations — 2005-progress — Viewing Item

Palestinians plunge into palestinian stock exchange Original Source Link: (May no longer be active)    http://www.haaretzdaily.com/hasen/spages/579514.html http://www.haaretzdaily.com/hasen/spages/579514.html Last update - 10:26 24/05/2005 Encouraged by cease-fire, Palestinians plunge into stocks By The Associated Press NABLUS, West Bank - Not long ago, Target Investment and Securities Co. was a lonely place. These days, the brokerage is standing room only as optimistic investors crowd into a smoky waiting room each morning to watch their shares climb to new heights. The Palestinian stock market - minuscule by international standards - has been on a tear in recent months, boosted by encouraging earnings from some local companies, a four-month cease-fire with Israel and what appears to be a classic case of get-rich-quick fever. The excitement is palpable in Nablus, a West Bank city better known as a stronghold of Palestinian militants fighting Israel. Residents eagerly exchange stockmarket cap of about 18 billion. But Hasan Adnan Yassin, U.S.-educated general manager of the Nablus exchange, says the trends are all positive. The benchmark "al-Quds" (meaning Jerusalem) index has nearly tripled this year - to 721 from 277 - after a 54 percent gain in 2004. Trading volume during the daily two-hour session is nearly 8 million, up from 822,000 a year earlier. The numbers are even stronger when compared to 2002, the height of Israeli-Palestinian fighting, when the index fell to 151 and the market canceled 100 trading sessions due to Israeli military closures, he said. The index was at 100 when the exchange opened in 1997. Foreign investors, especially Palestinians abroad, have begun to pour into the market, Yassin said, boasting of the exchange's sophisticated electronic trading system and its alliance with global banking giant HSBC Holdings PLC, which Enabanawi, a 44-year-old housewife in Nablus, sold her jewelry six months ago for 3,000 shekels after hearing about the easy money to be made. Since then, she has lost 33 percent. "I'm sorry that I got involved with something I don't understand," she said.

elections 20 of 21 gaza settlements evacuated Abbas calls for calm as israelis exit gaza { August 10 2005 } Abbas declares war with israel over { February 14 2005 } Abbas seeks to include hamas in government { July 2 2005 } Abbas wants hamas in government Bush gives 50m directly to abbas Dean predicts hamas takeover EU accuses israel of peace breach Factions postpone cairo peace talks Hamas celebrates landslide election win { December 16 2005 } Hamas delegation participates in cairo dialogue Hamas leader says group will halt attacks Hamas retains truce despite target airstrikes Hamas take part in palestinian election Hamas to honor undeclared israel truce Hamas wants peace talks { March 1 2005 } IDF impose media curbs during disengagement Israel abandons home demolition policy { February 17 2005 } Israel agrees to remove major roadblocks { February 9 2005 } Israel army chief orders halt to gaza operations { January 29 2005 } Israel asks US to help abbas Israel blames syria for suicide bombing Israel hands over jericho to palestinians { March 17 2005 } Israel palestinians step up talks Israel releases 500 palestinian prisoners { February 22 2005 } Israel seals off gaza for pullout Israel seals off srhine foiling jewish protest Israel seizes west bank land during withdrawal Israel settles west bank while pulling gaza strip { August 4 2005 } Israeli commandos stormed radical jews Israeli forces block settlers march to gaza { July 20 2005 } Israeli raid strains truce Israeli soldiers clear out jews from gaza strip { August 17 2005 } Israelis act to encircle east jerusalem { February 7 2005 } Israelis kill 6 hamas as truce crumbles Israelis protest gaza against pullout plan { May 17 2005 } Jewish militants may be jailed before gaza exit New york jews accuse sharon of catering arabs Official israeli report condemns west bank construction One palestinian group rejects truce { March 18 2005 } Palestinian leaders move to curb militant violence Palestinian militants agree to extended period of calm Palestinians begin new era at egypt gaza border Palestinians plunge into palestinian stock exchange Settler kills three palestinians during pullout Sharon plans new centrist party leaving likud { November 21 2005 } Sharon threatens to halt peace process Sharon wins go ahead on gaza evacuation { March 29 2005 } Short support for opponents of withdrawl Soldiers surround synagogues for gaza evaculation { August 18 2005 } Triumphant palestinians burn on westbank synagogue West bank settlers increase { August 26 2005 } Files Listed: 52

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