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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. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News China Launches Largest Ever Aircraft Carrier News Flights suspended at Port Sudan Airport after Drone Attacks