Please, America, sit at home & bet on the lives & deaths of people on the other side of the world.It’s the P.S.E., or Palestine Securities Exchange. Based in Nablus, in the West Bank, the Al-Quds Index has actually been having a solid year — and therein lies a tale.
“It has outperformed the stock exchanges of most Arab countries,” said Samir Hulileh, the C.E.O. of Palestine Development and Investment, which owns the exchange. The P.S.E. was established in 1996 with 19 companies and now has 41 — and 8 more will join this year. The companies listed there include the Commercial Bank of Palestine, Nablus Surgical Center, Palestine Electric Company and Arab Palestinian Shopping Centers. “Most are underpriced because of the political risk component,” said Hulileh. So if you don’t mind a little volatility, there is a lot of potential upside here. Indeed, there will soon be an E.T.F. — an exchange-traded fund — that tracks the Al-Quds Index so you can sit in America and go long or short peace [sic] in Palestine.
Maybe Tom's thinking the wife's shopping center empire can get back on its feet by exploiting Palestinians. Useful & productive. Creates wealth, too.
Could have been worse: No cab drivers this time, just the usual elites.
1 comment:
As long as the Likudniks control our foreign policy, there's not going to be peace in Palestine.
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