Damascus Securities Exchange (DSE) in cooperation with AL Badia Cement Company (ABC) held a ceremony today Tuesday 15 October 2019 at the trading Hall for listing shares of AL Badia Cement (ABC) at DSE.
The trading on ABC security started today with a discovery session without price limits in order to determine the theoretical Opening Price.
It is noteworthy that the final approval for listing Al Badia Cement Company was issued on September 29, 2019 in the Regular Market under the trading symbol (ABC) shown on the trading screens at the exchange.
With listing of Al Badia Cement Company today, the number of listed companies at DSE is increased to (27) and the number of companies representing the industrial sector at DSEhas increased to two companies.
Listing of Al Badia Cement, which is the third listed company for this year, is the continuous efforts of DSE management over the past years to encourage companies for listing. The new listing, representing the industrial sector, an important economic sector, will add real value to Damascus Securities Exchange by attracting more investors and will enhance the movement and diversification of the exchange by providing a new investment opportunity and an additional option for what is available.
The listing ceremony at DSE was attended by:Dr. Ryad Abdul Raouf Deputy Minister of Finance, Mr. Jamal Eldeen Shoaib