Damascus, SANA – The Damascus Securities Exchange (DSE) ranked first for the first half of 2016 in performance among all Arab stock exchanges.
According to the report of the second quarter by the Arab Federation of Exchanges for 2016, the DSE came first for the first half of 2016 in performance among all Arab stock exchanges with an increase of 19.62%.
Director of studies and information in the DSE Osama Hasan said in a statement to SANA that the DSE came in first due to the positive performance of the market during the first half of 2016, with most of the listed shares rising in general during this period, especially during March and April, noting that this is due to the positive and good performance of the listed companies, according to the financial results revealed by those companies during the first quarter of this year.
He explained that this reflected positively on the movement of trading shares as the prices increased, and consequently this reflected positively on the exchange index with a rise of 200 points during the aforementioned period.
Hasan stressed the importance of the interest shown by investors in shares trading and their confidence in the DSE which they consider a safe and reliable investment avenue.
The exchange index of the DSE also came first in performance among the Arab stock exchanges for the 1st quarter of 2016 with 17.29%.
Qabas/ Hazem Sabbagh