Next Monday, the Damascus Stock Exchange will resume its activities according to new regulatory measures.
June 1, 20250 ViewsRead Time: 2 minutes
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The Syrian Securities and Financial Markets Authority has announced the resumption of trading on the Damascus Securities Exchange starting from Monday, June 2, 2025, based on a decision issued by the Minister of Finance, Dr. Mohammad Yasser Berna, amidst new regulatory measures aimed at enhancing transparency and market efficiency. According to the approved regulations, the reference price for securities will be the closing price of the session on December 5, 2024, serving as a clear starting point for future transactions. The Authority clarified, in a version of the instructions, that trading will only resume for companies that have committed to publishing their final financial statements and governance reports for the year 2024, in addition to the necessity of submitting lists of insiders at these companies, in a step aimed at enhancing disclosure and oversight. The Authority also decided to reduce the number of trading sessions to only three sessions per week, held on Mondays, Tuesdays, and Wednesdays, until further notice, while suspending the execution of large transactions for a month from the date of trading resumption. The Authority affirmed that these decisions are part of its efforts to enhance integrity and transparency in the Syrian financial market, creating a safe and attractive investment environment for local and foreign investors, given the current economic conditions. It is worth noting that the Damascus market has experienced a freeze in trading recently due to regulatory and economic factors, and the gradual and deliberate return is expected to revitalize the financial market.