Today the proceeds of the Damascus Stock Exchange .. Invest in the future of Syria

After the Damascus Securities Market reopened its doors after months of closing, the hope of Syrian officials is related to them, as it can form a leverage for the country’s depleted economy, if it is able to attract investments despite the tremendous challenges it faces, from the fluctuation of local currencies. According to Finance Minister Mohamed Youser Burniyah, the country has “taken the necessary measures to ensure the safety of compliance to confront money laundering,” and adds that the reopening of the market will contribute to the “stimulation of the economy and the shift of financial transactions.” The reopening of the Damascus Stock Exchange Today – Monday – came after a hiatus that continued since December last year, but the Market Luster – was in fact afraid since the Syrian Revolution broke out in 2011, after which the trade dropped and the index collapsed. The market was established in March 2009 until the first official exchange in Syria in decades. Only six companies – most of them in the banking and insurance sectors – were launched with a total capital of about $ 1.2 billion. Soon there was a remarkable expansion, as the number of listed companies increased by mid -2010 to 14, driven by a positive performance of the index, which recorded an increase of 12.6%. In the war years, the index dropped from its peak from 1719 points at the end of 2010 to around 770 points by the end of 2012. The market value dropped from 3.15 billion in October 2016 to approximately $ 310 million, and the fluctuations increased during the 2020 and 2021, in the light of the accelerated collapse of the Syrian pound, and the standard fund result “Caesar -Act” in June, and the standard inflation followed the “Caesar” Caesar Act “in the manner, and the standard inflation resulted from the” Caesar “in the manner. Effects, the market began to regain some of its well -being, the market value increased gradually to reach about 1.5 billion dollars by the end of 2024, and the index reached its peak at 108 thousand points on November 28, 2024, before closing at 99.694 points in the last trading session on a date of date of date of date December 5, 2024. The attention of the investor is also renewed to be known as leadership stocks, five of which acquire half of the total market value. Monetary restrictions also form a direct threat to investor profits. Damascus Stock Exchange in the coming weeks Two categories of traders will attract: Investors who bet on the rise of the country’s economy and thus will achieve an increase in stock prices, and those who are rocket from market makers trying to earn quick profits by moving prices. Development that includes the modernization of the trade, cleaning and settlement system, as well as strengthening digital services for investors. Entrant guarantee and investors are. The banks are the backbone of the Damascus market, as the stock exchange includes about 15 banks (11 traditional and 4 Islamic banks), which accounts for about 86% of the total shares. industrial sector, it is represented in cement companies, food and engineering industries. The market value (2.18 trillion pounds), which reflects investment confidence in the recycled and outbursts. Market with an electronic trading system, and the sessions are held between 11am and 1pm. Financial advisors must also obtain licenses from the Syrian Papers and Financial Markets Authority, who oversee his capacity as the legal representative of the Council of Ministers, to regulate the market, monitor financial revelations, control the membership of brokerage companies and modernize the laws and laws. Government’s will in the development of the Syrian investment environment.