Syrian Finance Minister Announces Development Plan for Damascus Stock Market
Syrian Finance Minister Mohammad Yasser Bernia announced a new set of measures aimed at developing the Damascus Stock Market, where trading days will be increased to five days per week starting from next July, after being limited to three days.
The minister explained in a post on LinkedIn that the General Assembly of the market will meet next September to elect a new board of directors, indicating that this board will collaborate with the relevant authority and specialized experts to implement a comprehensive development plan.
The plan includes expanding the range of securities available in the market, facilitating the listing of family companies, private universities, and other institutions, as well as introducing new financial and investment tools and services to enhance investment activity and attract more investors.
This comes after the market resumed its activities on the second of last June, after a hiatus of about six months, with the opening session witnessing official attendance and wide participation by economic figures, investors, and traders.
