Lacking transparency causes Damascus Securities Exchange’s poor performance, exclusion of its investors
Damascus Securities Exchange (Athr Press)
Enab Baladi – Zeinab Masri
On 19 January, the Damascus Securities Exchange (DSE) closed with a capitalization of about 43 million Syrian Pounds (SYP), equivalent to 15 thousand USD according to the black market’s exchange rate. This total was the sum of only 64 regular deals, a small number, indicating the absence of large cash transactions in the DSE or what is known as “large deals.”
In the DSE, there is a lack of “large deals.” The average daily trading turnover has decreased to a record low, reflecting Syria’s deteriorating economy and confirming the absence of economic and commercial growth in the country.