Damascus Securities Exchange (358)


A financial brokerage company that is believed to be linked to Samer Foz has been licenced in Damascus, the first such company to start operating since 2011.


The year 2019 came to a disappointing close for the Damascus Securities Exchange, which saw its main index decline for the first time in four years.


In this factsheet, we look at Syria’s economic relations with the United Arab Emirates.


The list of the 18 members of the advisory council of the government as of December 02, 2019.


A decree has increased the number of members on a council that advises the Syrian cabinet on economic matters.


Syria’s two stock exchange indices declined last month, reflecting investors’ negative perceptions of the economy’s prospects.


The Ministry of Finance has frozen the assets and bank accounts of MTN-Syria and of several of its board members, a decision that signals that it wants to put pressure on one of the country’s largest companies.


Despite listing three of the country’s largest companies over the past several months, total trading value in the Damascus bourse barely reached USD 1 million in October.


Al-Badia Cement has received the final approval for listing in the Damascus Securities Exchange.


The two indices of the Damascus Securities Exchange have posted their strongest monthly decline in years, a particularly significant change given the relatively large volume of trading.


Trading was dull at the Damascus Securities Exchange last month and not much seemed able to bring interest back into the market.


This table lists all Syrian public joint-stock companies active as of July 2019 with the value of their capital (in million SYP).


The Syrian stock exchange’s main index shed almost four percent in the first six months of this year as it continues to fail at attracting meaningful interest.


Al-Badia Cement has received a preliminary approval to list its shares on the Damascus Securities Exchange.


The Syrian stock exchange’s two main indexes fell last month amid low trading volumes.


The Damascus Securities Exchange has issued a new index that is supposed to better represent trading activity in the exchange.


Syria’s two mobile phone operators have posted a significant increase in their 2018 profits, largely thanks to the lower annual license fee paid to the government.


Al-Ahliah Transport has reported an increase in its revenues last year, reflecting the continuing improvement in the security situation in most of the western part of the country.


In a month marked by the listing of Syriatel, almost all stocks that were traded in relatively important volumes in the Damascus Securities Exchange fell.


European sanctions inflicted last week on several Syrian investors and companies are disrupting more than expected their business activity.


Samer Foz has bought an additional stake in Syria’s Islamic lender of which he has become the second largest shareholder.


Qatar National Bank Syria has announced the resignation of its CEO, the third such executive to resign from Syria’s top private banks in the past six months.


The DWX closed 2018 with a small decline as the Syrian stock exchange mostly failed to live to its expectations last year.


Only weeks after buying a sizable stake in one of Syria’s largest banks, Samer Foz has invested in another Sharia-compliant financial institution.


Fransabank Syria has announced the resignation of its Lebanese chairman, confirming the dissociation policy adopted by Lebanese banks operating in the country.


Samer Foz, Syria’s most prominent businessman in past years, has expanded his business activities by buying a significant stake in the country’s largest private sector bank.


MTN-Syria has received a preliminary approval to list its shares on the Damascus Securities Exchange, potentially opening the way for the sale of the stakes of some of the company’s main shareholders.


Interest in Syria’s securities exchange declined further last month, while two stocks alone attracted more than half of the limited trading.


The Damascus Securities Exchange continued to attract very few investors in October as the daily value of shares traded did not cross the equivalent of USD 182,000.


Syriatel has received the initial approval to list its shares on the Damascus Securities Exchange.


The main highlights of the 60th edition of the Damascus International Trade Fair, which was held last month, included a relatively large Russian presence, a very limited one by Chinese companies and the absence of announcements of major business deals.


The main index of the Damascus Securities Exchange gained slightly last month as the number and value of transactions also increased.


The DWX gained some 9.63 percent last month, its highest monthly increase since the beginning of the year, mostly thanks to the rise in the price of a single stock.


The government has allowed the Central Bank of Syria to issue certificates of deposits denominated in dollars.


The main index of the Damascus Securities Exchange declined again last month to close at 5,528.66.


The main index of the Syrian stock exchange fell for the third month in a row and for the fourth time in five months since the beginning of the year, highlighting investors’ lack of confidence over the economy.


The fall of Eastern Ghouta to the Syrian regime, which is likely to be concluded in the next days or weeks, will have several economic consequences.


The value of trading in the Damascus Securities Exchange declined during the first quarter of 2018 relatively to the previous quarter, while share prices remained mostly stable as investors seem to be in a wait-and-see mode.


Syria’s main stock market index gained again last month amid rising trading volumes.


For the first time in months, the main index of the Damascus Securities Exchange fell as investors seemed to be taking their profits.


Updated on January 23, 2018: The Syrian financial markets regulator has renewed for one more year the license of seven brokerage firms, while many others have their operations suspended or entirely left the market.


The Damascus Securities Exchange ended 2017 on a high note with investors making positive returns for the first time since 2010.


The Damascus Securities Exchange's main index posted in October its second largest monthly increase since the beginning of 2017.


The Damascus Securities Exchange attracted again investors last month on the back of the rapid advances of regime forces in the east of the country, after months of relative stagnation.


The value of trading in the Damascus Securities Exchange last month was mostly unchanged as was its main index.


In May, the main index of the Damascus Securities Exchange declined for the first time in months as the amounts traded by investors also fell.


After three consecutive months of strong growth in the market index and the value of the shares traded, the Syrian stock exchange returned in April to last year’s more modest averages.


Syria’s largest media company had a turnover of less than 600 thousand dollars last year, a reflection of the impact of the war on the country’s companies.