Aid And Reform Needed Urgently

The year has not got off to the best of starts for the Palestine Securities Exchange (PSE), which has declined by almost 200 points since we highlighted the potential for downside. A break below key support at 1,000, around which it is currently hovering, would be a bad sign. Indeed, the index has had a phenomenal rally – 290.3% since last January, when we first became bullish – and times are looking uncertain, with both Palestinian and Israeli elections providing considerable reason for concern. Most worrying, although not entirely unexpected, is the state the Palestinian Authority’s (PA) finances: the World

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