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FINANCIAL NEWS
Syria’s index hikes 70% in 2010
14 Feb 2011
(MENAFN) Anas Jawish, the listing and operations director at the Damascus Securities Exchange (DSE), said that even though Syria presented its first public stock exchange in 2009, Syria’s index hiked seventy percent in 2010, reported The National.
Jawish said that the country took measures to stabilize stock prices and introduce listings and regulations in to attract foreign investment to DSE. This had led Syria’s index to outperforming most regional markets.
DSE reported daily trade value at USD800,000 on average in 2010, down from USD1 million a year before.
It is worth noting that DSE has 20 stocks listed, 12 of which are banks, with the rest from the insurance, services, industrial and agriculture sectors.
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