Disappointing Start to Syrian Stock Exchange

Syria Media Report, 17-March-09

IWPR

Institute for War & Peace Reporting

Tuesday, 17 March, 2009

Disappointing Start to Syrian Stock Exchange

Syria Media Report, 17-March-09

The Damascus Securities Exchange, Syria’s first-ever stock market, formally opened last week to disappointing results, according to the pro-government website Syria Tomorrow.

Only 15 shares were sold and the total value of the transactions did not exceed 947 US dollars.

Sales were restricted to shares in the Saudi-French-owned BIMO bank, the share price of which – 621 dollars – did not change between opening and closing, reported the website.

Investors told the website that they hoped trading would improve next week with new financiers entering the market.

Five banks, a transportation company, a construction firm and a publishing and marketing group are all listed on the exchange.

Finance Minister Mohammed Husayn said he expected that 20 more companies would be listed by the end of the year.

Project Focus Syria Press Monitor

Frontline Updates

Editor's Picks

A woman reacts over the body of her daughter, next to a clinic that was damaged during a Russian missile attack, on June 1, 2023 in Kyiv, Ukraine. At least three were killed, including a child, and others were injured by falling debris from intercepted missiles.

A woman reacts over the body of her daughter, next to a clinic that was damaged during a Russian missile attack, on June 1, 2023 in Kyiv, Ukraine. At least three were killed, including a child, and others were injured by falling debris from intercepted missiles. © Roman Pilipey/Getty Images

Ukraine Justice: “Reporting the Story is Just the Start”

Journalists need training and support to properly cover war crimes trials.

Students attend a lesson on housekeeping at a training facility for domestic workers on November 22, 2022 in Kampala, Uganda. Saudi Arabia and other Gulf states are a frequent destination for Ugandan domestic workers, with official estimates suggesting that around one hundred and sixty-five thousand Ugandans are in temporary employment contracts in the region.

Students attend a lesson on housekeeping at a training facility for domestic workers on November 22, 2022 in Kampala, Uganda. Saudi Arabia and other Gulf states are a frequent destination for Ugandan domestic workers, with official estimates suggesting that around one hundred and sixty-five thousand Ugandans are in temporary employment contracts in the region. © Luke Dray/Getty Images

International Migrants Day

Ugandan Women Pay the Price of Exploitation

Activists warn that vulnerable domestic workers risk abuse, often returning with serious health conditions.

Ukraine War Diary by A. Borden

Harsh Victory at Position X

Commitment, sacrifice and luck secured a vital early win in the south-eastern campaign, but can Ukrainian forces press on?

Sevim Kaya has been a bus driver for 16 years.

Sevim Kaya has been a bus driver for 16 years. © Umut Akar

Behind the Wheel in a Macho City

Some women face Adana's male-dominated traffic chaos for a living.

Karine (not her real name) was 15 when she realised that the male body she was born into was not hers. She moved from the rural community she grew up in to the capital Yerevan to be free to be herself. Unlinke many people in her community she was able to find a stable job as a hairdresser and manicurist.

Karine (not her real name) was 15 when she realised that the male body she was born into was not hers. She moved from the rural community she grew up in to the capital Yerevan to be free to be herself. Unlinke many people in her community she was able to find a stable job as a hairdresser and manicurist. © Anahit Zakaryan

Life in the Shadows for Armenia’s Transgender Community

Recent murder highlights widespread discrimination and violence against LGBTI people.

An AFPTV cameraman films while smoke plumes billow during Israeli air strikes in Gaza City on October 12, 2023 as raging battles between Israel and the Hamas movement continue for the sixth consecutive day. Thousands of people, both Israeli and Palestinians have died since October 7, 2023, after Palestinian Hamas militants based in the Gaza Strip, entered southern Israel in a surprise attack leading Israel to declare war on Hamas in Gaza on October 8.

An AFPTV cameraman films while smoke plumes billow during Israeli air strikes in Gaza City on October 12, 2023 as raging battles between Israel and the Hamas movement continue for the sixth consecutive day. Thousands of people, both Israeli and Palestinians have died since October 7, 2023, after Palestinian Hamas militants based in the Gaza Strip, entered southern Israel in a surprise attack leading Israel to declare war on Hamas in Gaza on October 8. © Mohammed Abed/AFP via Getty Images

The Israel-Hamas Conflict

Interview: The War on Disinformation

Open source intelligence (OSINT) can provide facts – but impatient, angry audiences often prefer opinions.

Support local journalists