Historic day in Syria: Damascus Securities Exchange kicks off
Trading at Damascus Securities Exchange (DSE) kicked off officially Tuesday. On Monday, DSE granted Bank of Syria and Overseas and Audi Bank the final approval to enroll their shares in the market after getting the preliminary approval.
The move raises the number of the companies included in DSE to 6: Bank Bemo Saudi Fransi, the United Group Company for Publishing, Advertising and Marketing (UG), Arab Bank Syria and al-Ahlyah Transport Company. The companies which have got the preliminary approval were the International Bank for Trade and Finance, the Agricultural Engineering Investment Company and al-Ahlyah Company for Vegetable Oils and Arab Syrian Company for Tourism Constructions.
After three weeks of trial circulation with two sessions on Monday and Thursday every week, the official circulation of DSE kicks off on Tuesday. DSE announced that citizens who want to invest in the market can go to any of the mediation companies which had the circulation approval from the Syrian Commission on Financial Markets and Securities to open an account in those companies in preparation for actual circulation.
Earlier, Chairman of the Board of Commissioners at Syrian Commission on Financial Markets and Securities emphasized that there are no risks on launching the market in the current circumstances following the current world financial crisis because advantages have been taken of all its negative reflections on Arab and world markets, with the aim of ensuring a correct start.