Tuesday 10 March 2009

Syria in exchange debut

Syria will on Tuesday take a step towards developing itself as a modern market economy by launching an exchange to boost growth and its nascent private sector.

The Damascus Securities Exchange will trade six listed companies as part of its move to attract investment and develop its commercial sector.

The government hopes the exchange will grow quickly, offering domestic companies the chance to raise money for expansion and providing institutional and retail investors with opportunities to diversify.

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