Syria Reopens Damascus Securities Exchange After Six-Month Suspension
Rana Atef
On Monday, the Syrian government reopened the Damascus Securities Exchange (DSE) after a nearly six-month suspension, aiming to stimulate economic activity in the financial sector.
The Syrian Commission on Financial Markets and Securities announced the resumption of trading processes with today's session after the decision by Finance Minister Mohammad Yaser Barniya.
He confirmed that the reopening follows a series of regulatory reviews, including ensuring compliance with anti-money laundering standards and updating the financial disclosures of listed companies, to prevent any unlawful exploitation of the market.
According to the decision, the exchange will operate with only three trading sessions per week on Monday, Tuesday, and Wednesday until further notice.
Execution of large-volume transactions will be suspended for one month as part of a phased plan to gradually reactivate the market.
The closing price of the session held on December 5, 2024, will serve as the 'reference price' for traded stocks.
Trading is only allowed for companies that have met disclosure and governance requirements.
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