Syrian Finance Minister Confirms Damascus Stock Exchange Reopening June 2

Syria's Damascus Stock Exchange is set to reopen on June 2 after being suspended since December 5 to reassess the operational and financial status of listed companies and prevent market manipulation. Finance Minister Mohammad Yasar Barnieh announced that initial trading will be limited to three days per week, with comprehensive measures implemented to comply with anti-money laundering regulations and enhance market integrity. The reopening aims to stimulate the economy and revitalize financial transactions amid ongoing efforts to modernize the capital markets, including upgrading trading systems, introducing electronic clearing and settlement, expanding investment tools, and boosting public financial awareness. This development follows significant political changes, including the ousting of former President Bashar al-Assad and the lifting of Western sanctions, which have paved the way for Syria's economic recovery and reconstruction. The government is also working on updating financial legislation to align with global standards and strengthen the stock exchange's role in economic development and funding. The reopening symbolizes a step toward economic normalization in the post-conflict period as Syria begins rebuilding after years of civil war.