DSE

News

Makhlouf-linked Brokerage Firm Dissolves

31-01-2023

Cham Capital, one of the seven brokerage firms still operating in the Damascus Securities Exchange, has recently announced that it was dissolving. The closure of the Makhlouf-linked company had been expected for two years.

Government Falls Short of Borrowing Targets as Bond Auctions Struggle to Attract Investors

18-10-2022

Last week, the Syrian government sold SYP 72.50 billion worth of treasury bonds as part of its efforts to raise money to fund its deficit.

Government Allows Treasury Bonds to be Traded on the Market

26-07-2022

The Ministry of Finance has authorised the trade of treasury bonds on the Damascus Securities Exchange starting next month. The government’s latest decision, which may attract more investors, comes ahead of the second T-bond auction scheduled for August 8.

Stock Market Indices Rise by 11 and 15 Percent – First Quarter Report

31-05-2022

Syria’s two main stock exchange indices gained between 11 and 15 percent in the first quarter of this year, although inflation and the low value of trading make it difficult to compare with previous periods. Meanwhile, the value of shares traded during the first quarter of this year was significantly less than the last quarter and the first quarter of 2021.

Official Data Shows Major Changes in MTN Syria’s Ownership, Confirms Exit of MTN Group

08-03-2022

According to ownership records published by the Damascus Securities Exchange, Teleinvest is now a majority shareholder of MTN Syria after acquiring the shares of MTN Group’s subsidiary, Investcom, in a move that confirms the South African company’s final withdrawal from the country.

Stock Market Update – Full Year 2021

01-03-2022

The year 2021 saw a significant increase for the main indices on the Damascus Securities Exchange, the only market in Syria for the trade of securities and bonds.

Library

Profile: Samer Foz, the Archetype of the Syrian War Profiteer

07-06-2022

Relatively unknown prior to 2011, Samer Foz became one of Syria’s most powerful economic players following the conflict, being likened at one point to the business magnate and maternal cousin to the president, Rami Makhlouf. Despite leading a high profile during his heyday, Mr Foz has withdrawn from the public eye in recent years after being sanctioned and apparently being sidelined by the regime.

Chart: The Damascus Securities Exchange

30-11-2021

The Damascus Securities Exchange is the only market in Syria for the trade of securities and bonds. The DSE initiated the trading of securities in March 2009, though it was formally established in 2006. The exchange listed six companies at its launch, but today gathers a total of twenty-seven.

Companies

Damascus Securities Exchange

09-03-2011

The Damascus Securities Exchange is the only market in Syria for the trade of securities and bonds.

Bank Al-Sharq

01-03-2011

Bank Al-Sharq is one of the latest comers to the Syrian banking market having opened its doors only in 2009.