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Legal, regulatory frame awaited

Case StudiesWhen Naim Khushashi was appointed general manager of the Palestine Securities Exchange (PSE) last June, he had his work cut out. The PSE, first incorporated as a private shareholding company in early 1995 and which conducted its first trading session two years later, was operating in an environment not particularly attractive to investors. For one thing, the PSE was still waiting for a securities law and a proper regulatory authority to promote confidence for investors...more

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