Damascus Securities Exchange

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Damascus Securities Exchange
سوق دمشق للأوراق المالية
Type Stock Exchange
Location Damascus, Syria
Founded 2009
Owner Damascus Securities Exchange
Key people Dr. Rateb Shallah (Chairman), Mohamed Haykal, (Deputy Chairman)
Currency SYP
No. of listings 11
Indexes DWX
Website www.dse.sy

The Damascus Securities Exchange (DSE) (Arabic: سوق دمشق للأوراق المالية‎) is a stock exchange located in Damascus, Syria. Founded in 2009, it is the only stock exchange in Syria.[1] 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.[2]

History[edit]

The market was initiated by Presidential decree №55 on October 1, 2006. The Stock Exchange Act established a market for securities trading, known as the Damascus Securities Exchange.[3]

The market officially opened in February 2009, with a period of mock trading for testing purposes. The first official tradings were launched on Tuesday March 10, 2009.[2]

Syrian uprising[edit]

Main article: Syrian civil war

According to the International Monetary Fund (IMF), between March 2011 when the uprising began, and May 2012, the value of the Syrian pound has fallen 45 percent and the Damascus stock exchange decreased 40 percent.[4]

See also[edit]

References[edit]

External links[edit]