Hopes of agreement spark stock rally in Palestine - The National:
"The head of the Palestine Exchange says hopes of a US$4 billion peace dividend has fuelled a stock rally over the past month ahead of restarted talks between Palestinian and Israeli officials.
"We are having our best week ever: prices and liquidity are both up," said Ahmad Aweidah, the chief executive at the Nablus-based bourse. "People understand that if peace talks move in a positive way, economically, there's a huge package involved: there is going to be $4bn of investment in big infrastructure projects that will be mostly targeted towards the private sector."
Shares of the bellwether Paltel,the biggest telecoms operator in Palestine, have jumped 5.6 per cent since July 7, to close at 5.04 Jordanian dinars each on Thursday. The Palestine Stock Exchange Index has risen 5 per cent to 475.28 over the same period. Liquidity has jumped from an average value of $700,000 a day to $2 million a day."
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