The long-awaited launching of the Damascus Stock Exchange on March 10, 2009 is a major step in the direction of open market economy that the Syrian Government has been actively advocating. In its efforts to ensure a successful launching of the market, the Stock Market Commission has put in place all the required licensing and membership regulations, procedures, electronic trading system, disclosures, dispute resolution and arbitration, compliance and professional conduct rules.

There are currently eight companies listed on the Damascus Stock Exchange with more companies expected to join in the near future. The trading takes place out of a temporary building while the permanent location is under construction in the exclusive Damascus Eighth Gate in Ya’afour. There are currently two weekly trading sessions with more trading days to be added as trading volume increases and more companies join the ranking of those currently listed.

Pioneers Syria ® was among the first companies to become a member of the Exchange with a broker actively trading on the Floor of the exchange. In addition to executing orders, Pioneers Syria ® issues financial reports on all listed companies in order to assist clients in making intelligent market decisions.