After War and Tumult, the Palestine Stock Market Joins the World
- Palestine Exchange gets included in FTSE Russell index
- It’s a milestone moment, but politics threatens to overshadow
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Most stock exchanges have a screen of company tickers, flashing prices and a collection of plaques from local brokerages. What they don’t have is a military checkpoint five minutes down the road.
The Palestine Exchange in the West Bank city of Nablus was founded in 1995 and has barely featured on the trading map of world. Now, to the arbiters of global investing, the time has come to change that. Last month, it won inclusion in the FTSE Russell index of 27 frontier markets, joining parts of eastern Europe and Africa as developing places for investors.