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The Equity market

The Palestinian Securities Exchange (PSE) was established in 1997 by a private company, Palestine Investment and Development Corporation (PADICO), and continues to be owned and run by the same company. The PSE has so far been self-regulated. 24 companies are currently listed on the PSE, some of which were established in the post-Oslo period and were listed soon after they opened for business. The PSE market capitalisation at the end of 2002 was $638 million.