FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
DAMASCUS SECURITIES EXCHANGE
The market capitalization of the listed
companies in the DWX at the end of 2012
was US$ 952 million.
Mohammad Ghassan Qala’a
Chairman
The year 2012 witnessed many events that
had impacts on DSE, Desbite that DSE tried
to reduce the impact of these events that the
country is going through it. So at the end of the
of 2012 DSE witnessed an apparent recovery
on significant amount of listed stocks.
The wighted price index of Damascus
Securities Exchange (DWX) at th end 2012
which reached (769.60 point) marking a
decrease by (99.91 points) than the previous
December 2011 with a percentage change of
(-11.49%).
HISTORY AND DEVELOPMENT
During 2012 a new Board of Directors has been
formed, where Mr. Mohammad Ghassan Qala’a
became the chairman.
Damascus Securities Exchange (DSE) was
established based upon Decree number /55/ for
the year 2006, issued by the Syrian President
Dr. Bashar Al Assad, the Exchange activities
are based upon the provisions of this law and
based upon the law of the Syrian Commission
on Financial Market and Securities number /22/
for the year 2005.
DSE is managed by a Board of Directors
consisting of (9 members) and a Chief Executive
Officer Dr. Mamon Hamdan who manages the
daily activities of the Exchange and raises his
reports to the Board. DSE was launched on the
10th of March 2009 with (6 listed companies)
they were divided into 4 companies in the main
The traded value decreased from (140
million US$) (7.8 billion syrian pound) in 2011
compared to (27.6 million US$) (2. 14billion
syrian pound) in 2012. The daily average value
of trading in 2012 decreased to (186 thousand
US$) (14.48 million Syrian pound) compared
to (0.7 million US$) (39 million Syrian pound)
in 2011. In 2012 there were (148 trading days)
compared to (202 trading days) in the previous
year.
The number of traded shares in 2012
decreased to (11.20 million shares) compared
market and 2 in the growth market, with (4
brokerage firms) that are licensed to trade in the
Exchange.
At the end of 2012 the number of listed
companies reached 22 companies, they are
divided in to 9 companies in the main market,
12 in the growth market - A, and 1 in the growth
market - B, with (8 brokerage firms) that are
licensed to trade in the Exchange.
FUTURE OUTLOOK
As always DSE seeks for improve its strategies
in the awareness through diversifying and
publishing information and by taking part in
conference, lecture, exhibitions that aims to give
an introduction regarding the exchange. And it
will foucus on:
• Develop some new indices.
• Continuing to upgrad the technical
infrastructure
(17.79 million shares) traded over the previous
year 2011. The daily average of traded shares
also decreased to (75.7 thousand shares)
compared with (88.1 thousand shares) in 2011.
The number of executed trades decresed to
(8,334 trades) compared to (41,132 trades) in
2011.
The market capitalization of the listed
companies in the DWX at the end of 2012 was
(952 million US$) (74.04 billion syrian pound)
with an decrease of 35.63%.
• Develop internal processes.
• Work on developing it’s human resources;
DSE will continue to attract more listed
companies, and will also seek more cooperation
with stock exchanges worldwide, with the aim
of exchanging information and expertise. In
addition, DSE will pursue strategic partnerships
in many different areas that we hope to add
value to all parties involved.
ECONOMIC AND POLITICAL
DEVELOPMENTS
We can not say that the Syrian economy was
good in 2012 due to change in global and
regional circumstances that took place in the
world during 2012, which affected Syria later,
and impacted on the economy significantly,
resulting in bloking and slowing of projects
which was scheduled to be completed localy
during the year.
CONTACT INFORMATION
Contact Name Lubana Abdo
E-mail [email protected]
Website www.dse.sy
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