The Damascus Securities Exchange resumes operations with 18 companies in its first session.
June 6, 20251 ViewsRead Time: 2 minutes
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The Syrian Securities and Financial Markets Authority has announced the resumption of trading in the shares of 18 joint-stock companies listed on the Damascus Securities Exchange since the market reopened last Monday, June 2, 2025, after a temporary suspension. The Authority, through its official Facebook page, stated that the first day of the market reopening witnessed trading on the shares of 14 companies, including: Arab Bank, Al-Itehad Credit Bank, Syria and Overseas Bank, International Bank for Trade and Finance, Shebba Bank (formerly BLOM), Qatar National Bank - Syria, Jordan Bank - Syria, Eastern Bank, Islamic International Bank, United Insurance Company, Syrian Insurance Company - AROUB Syria, Al-Badia Cement Company, MTN Company, and Al-Ahliyah Transport Company. The following day, Tuesday, June 3, trading resumed on the shares of the "Syrian National Insurance Company," and on Wednesday, June 4, trading resumed on the shares of the "Cooperative Union Insurance Company." It is expected that trading will resume on the shares of the "Syrian Kuwaiti Insurance Company" and "Fransabank" in the session next Tuesday, June 10. As for the shares of the "National Oil Company," they will be reintroduced for trading upon the publication of the minutes of its general assembly meeting, while the shares of the remaining listed companies will be reintroduced gradually, once they meet the criteria and conditions set by the Syrian Securities and Financial Markets Authority for resuming trading. It is worth mentioning that the Damascus Securities Exchange currently operates according to a preliminary trading schedule consisting of only 3 days per week, while the operational results are being evaluated and the activities are gradually expanded.