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DAMASCUS STOCK EXCHANGE [DSE]

Damascus Stock Exchange [DSE]

The Damascus Securities Exchange [DSE] – is the only one Stock Exchange in Syria, located in Damascus, Syria founded in 10th March 2009. The market was initiated by Presidential decree no.55 on October 1, 2006. The Stock Exchange Act established a market for securities trading, known as the Damascus Securities Exchange. The Syrian Minister of Finance, Muhammad al-Hussain announced the inauguration of the Damascus Stock with an official exchange session attended by Syrian officials and Presidents of Arab stock markets and listed companies.  The market officially opened in February 2009, with a period of mock trading for testing purposes. The first official trading was launched on Tuesday March 10, 2009.

Its current premises are in the Barzeh district, within Syria's financial markets and securities commission. Its final home is to be the upmarket business district of Yaafur.

 

 
DAMASCUS STOCK EXCHANGE

The Damascus Stock Exchange will attract more investors, economy of the country will boost up and create more jobs are make the Syrian products to competes with international market,  The Syrian government is currently striving to encourage company owners to go public (to transfer their companies into public companies offering shares to the general public trough DSE).  It is currently working on a new law to regulate the accounting profession to meet the needs of the shareholding companies in terms of disclosure, arbitration, international accounting standards and will be issued very soon.


To date, 21 companies that issue securities have paid fees to register for listing on the Damascus Securities Market, although not all have completed the necessary paperwork. A Central Bank spokesperson said that there are likely to be 10 companies listed when the exchange begins trading. Companies that is not ready for full inclusion on the market will trade on a parallel market until they are ready to enter the main exchange.
So far, 15 companies have submitted applications to establish securities brokerage firms or companies that provide other services to the market.

DAMASCUS STOCK EXCHANGE TRADING SESSIONS
DAMASCUS STOCK EXCHANGE CONTACT INFORMATION

Damascus Stock Exchange Trading Sessions

Two trading sessions are expected to take place every week. Exchange sessions have been determined on Mondays and Thursdays of every week.

Contact Information of Damascus Stock Exchange

Damascus Stock Exchange 
E-mail: info@dse.sy

 

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