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(From Israel Business Arena)
Byline: Lior Greenbaum
Despite the economic decline in the Palestinian Authority, the Palestine Stock Exchange (PSE) in Nablus still functions. It has even held three IPOs so far in 2004.
"The PSE continues to operate, even under the current circumstances," PSE CEO Dr. Hassan Yassin told "Globes", "Despite the deterioration and difficulties, neither the PSE nor its listed companies have collapsed."
Founded in 19997, the PSE now has 26 listed companies, with an aggregate estimated value of $760 million. Most trading is concentrated in three companies: Gaza-based Palestine Electric Company (PSE:PEC), which …