Damascus Stock Exchange

What Damascus Stock Exchange does

Damascus Stock Exchange (DSE), legally Damascus Securities Exchange, LLC., is Syria's sole operational stock exchange, founded in 2007 and headquartered in Damascus. It operates a regulated secondary securities market providing an electronic trading platform for equities, government bonds, and treasury bills, alongside three proprietary indices — DWX (value-weighted), DLX (free-float weighted leading stocks), and DIX (Islamic-compliant stocks). Supporting infrastructure includes the Central Clearing and Depository Center for securities settlement and custody and a Settlement Guarantee Fund to protect against counterparty default. The exchange operates under the regulatory oversight of the Syrian Securities and Markets Commission (SCFMS) and serves 27-32 member firms comprising listed joint-stock companies and licensed brokerage intermediaries.

DSE's product surface spans the DSE electronic trading system, a mobile application for investor access, a company disclosures portal hosting 5,991 archived filings, a market reports suite (monthly, quarterly, annual), and an educational Trading Game simulation. Listed securities number approximately 30 across banking, insurance, industrial, services, agricultural, and telecommunications sectors, with government treasury bonds also traded. Distribution is exclusively through licensed member brokerage firms, and the exchange conducts educational outreach via university visits and training programs to build retail investor awareness.

The business model rests on three revenue streams: trading transaction fees from member-executed orders, listing fees from issuers (one-time and ongoing compliance), and recurring membership fees from brokerage firms and listed companies. Revenue is not publicly disclosed. Recent daily trading value is approximately 22.6 million SYP across roughly 168 trades and 1 million shares, with concentration heavily skewed to a small set of banking stocks. The exchange is privately held, employs 51-100 staff, and is governed by a board chaired by Omar Barahmji with Dr. Basset Assa'd serving as Executive Director.

Name

Damascus Stock Exchange

Legal name

Damascus Securities Exchange, LLC.

Website

https://dse.sy

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Securities Exchange Operations

NAICS

Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

National CSDs & Domestic Settlement Systems (FSAFAGAA)

akta.pro secondary industry

Central Securities Depositories (CSDs) & Settlement Systems (FSACAHAA)

Keywords

• Securities trading
• Stock exchange operations
• Market data services
• Clearing and settlement
• Securities listing

Headquarters

HQ city

Damascus

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Trading Transaction Fees: Fees collected on securities trading transactions executed through the exchange by member brokerage firms
2. Listing Fees: Fees charged to companies for initial listing approvals and ongoing compliance disclosures
3. Membership Fees: Fees from brokerage firms and listed companies for exchange membership and central depository center membership

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Damascus Stock Exchange (DSE) operates as the regulated secondary securities market in Syria, providing an electronic trading platform for shares, bonds, and government treasury bills of listed joint-stock companies. The exchange operates a Central Clearing and Depository Center for securities settlement and a Settlement Guarantee Fund for counterparty risk protection, complemented by market indices (DWX, DLX, DIX), disclosure services, and member brokerage services.

Product overview

Damascus Stock Exchange (DSE) operates as a regulated secondary securities market for Syria, providing an electronic trading platform for shares, bonds, and government treasury bills. The exchange offers three market indices (DWX, DLX, DIX), a mobile application for investor access, and an educational trading simulation game. Supporting infrastructure includes the Central Clearing and Preservation Center for securities depository and the Settlement Guarantee Fund for risk protection. The exchange also provides comprehensive reporting services and a company disclosures portal for listed company transparency.

Differentiator

Problem solved

Functional benefit

Brands

• DIX: Islamic Stocks Index - an index tracking Islamic-compliant stocks listed on the exchange
• DWX
• DLX

Products and services

• DSE Electronic Trading Platform
• DSE Mobile Application
• Trading Game (لعبة التداول)
• DSE Market Indices (DWX, DLX, DIX)
• Market Reports Suite
• Central Clearing and Depository Center (مركز المقاصة والحفظ المركزي)
• Settlement Guarantee Fund (صندوق ضمان التسوية)
• Issuer Disclosure Service

Quantifiable outcome

• Active trading sessions with daily volumes ranging from hundreds of thousands to millions of shares
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Islamic Financial Services CompanycoreChannel Partner/ Reseller/ Distributor · 7 February 2009Third company to receive brokerage membership in both DSE and the Central Clearing and Depository Center.
• Eva Financial ServicescoreChannel Partner/ Reseller/ Distributor · 21 January 2009Second brokerage member of DSE, licensed to conduct securities brokerage operations for own account and third parties, and initial public offering management. Received operating license from SCFMS and became second member of both the exchange and Central Clearing Center.
• Syrian Securities and Markets Commission (SCFMS)coreOthersThe primary regulatory body overseeing DSE operations. DSE operates under the regulatory framework and approvals of this commission, including board decisions and regulatory extensions.
• Central Bank of SyriacoreOthersMonetary regulatory authority that collaborates with DSE on financial sector matters including currency transition procedures.
• Ministry of Finance (Syria)coreOthersGovernment ministry involved in treasury bond listings and broader financial sector policy.
• Union of Arab Stock ExchangesminorStrategic or Co-development PartnerRegional exchange association for Arab markets, enabling collaboration and information sharing among Arab stock exchanges.
• Euro-Asian Stock Exchanges UnionminorStrategic or Co-development PartnerCross-continental exchange association for cooperation between European and Asian securities markets.
• Insurance Supervision Authority (SISC)minorOthersRegulatory body overseeing insurance companies listed on the exchange.
• Eva Financial ServicescoreChannel Partner/ Reseller/ DistributorFirst company to receive operating authorization from SCFMS to conduct brokerage operations, enabling it to receive investors seeking to trade on DSE and open trading accounts.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Muscat Stock Exchange: Oman's national securities exchange operating regulated equity and debt markets. Comparable as an Arab regional national exchange with similar small-to-mid scale operations and listed-company disclosure regime.

Broad incumbents

• Casablanca Stock Exchange: Morocco's primary equity and bond exchange operating a broader market with deeper liquidity. Comparable as an Arab regional national exchange with integrated trading and post-trade infrastructure, though at substantially greater scale.
• Boursa Kuwait: Kuwait's national securities exchange operating electronic trading and post-trade infrastructure. Comparable as an Arab national exchange with a similar regulatory and member-based governance structure.
• Saudi Exchange (Tadawul): Saudi Arabia's primary securities exchange operating the dominant Arab capital market. Comparable in core function as a national exchange operator with clearing and depository, though vastly larger in scale and product breadth.
• Tunis Stock Exchange: Tunisia's national stock exchange with electronic trading and post-trade infrastructure. Comparable as an Arab regional exchange serving a domestic capital market with licensed brokerage members and listed-company disclosures.
• Egyptian Exchange (EGX): Egypt's primary securities exchange with a far larger issuer base and broader product set. Comparable as a major Arab regional exchange operating under regulator oversight with central clearing and depository services.

Direct peers

• Amman Stock Exchange: Jordan's national securities exchange operating electronic trading, clearing and depository infrastructure under regulatory oversight. Directly comparable as an Arab regional equity exchange serving domestic listed companies and licensed brokerage members.
• Palestine Exchange (PEX): Palestinian securities exchange operating electronic trading and depository services for a small domestic issuer set. Comparable as an emerging-market Arab regional exchange with a similar small-capitalization, member-driven structure.
• Beirut Stock Exchange: Lebanon's national stock exchange providing trading, clearing and listed-company disclosure services. Comparable as a small Levantine equity exchange with a similarly limited issuer base and member-driven brokerage model.

Others

• Union of Arab Stock Exchanges: Regional industry association for Arab stock exchanges of which DSE is a member. Comparable as an industry ecosystem participant facilitating cross-border cooperation, listings harmonization, and information sharing among regional exchanges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCbsi-d_R0kR2jBNYrVTQx6Q
• Facebookfacebook.com/damascusstocks
• LinkedInlinkedin.com/company/damascus-securities-exchange-dse-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Damascus Stock Exchange