Abu Dhabi - In a landmark development, the Palestine Telecommunication Company yesterday signed an agreement to get its shares listed on the Abu Dhabi Securities Market (ADSM). The agreement was signed by Mr. Sabih Masri- Chairman of the Board of Directors at Paltel, Dr. Atef Alawneh- Chief of the Executive Board at PSE, Prof. Rami Hamdalla- Chairman of the Board of Directors at PSE, Mr. Hareb Al- Darmake- Chairman of the Board at Abu Dhabi Securities Exchange and Mr. Abdulla Al-Tarefi- Chief of the Executive Board at Emirates Commodities and Securities Exchange. Paltel''s agreement with the ADSM and the Palestine Securities Exchange was endorsed by the Palestine Capital Markets Authority and UAE Securities and Commodities Authority. Under the agreement, Palestinian shareholders are permitted to trade 30 per cent of total shares on ADSM by submitting an application to ADSM via brokers. The agreement states listing and trading 30 % of Palestine Telecommunication Company Ltd (Paltel) stocks (Three Million Stock) at Abu Dhabi Securities Exchange, as reported at Al Haya London’s Newspaper, the actual trading of Palestine Telecommunication Company Ltd (Paltel) stocks will start 10 days after the stated date of listing stocks at the securities market. Trading price will be identical to the closing price in Palestine Securities Exchange when starting the trading, knowing that the closing price on Thursday reached to JD 15.2 (JD 1.00= US$ 1.4).