Financial security occupies an important role in achieving economic development by
finding the sources of funding and organize the mechanism of subscription on the shares
And issue it.
Damascus security exchange consider one of the best Arabic exc
hange
Securities and in spite of the current Syrian events the security maintained on good level
of performance despite the lack of the listed companies and that cause to lack of diversity
although this security experience many obstacles but it can be solved and that lead to
increasing the participation of this security in the economic development.
In this research was rely on the curriculum descriptive analytical get to know the market
financial market Damascus Securities through reports issued by the data of the securities
and concluded search to the limited role played by the market in the process of economic
development and not the variety of securities denied companies of finding the sources of
funding their investment and that all the constraints facing the market can be exceeded and
attention to the market and that would raise the economic growth rate.
The stock market conditions are a mirror reflecting the general
economic situation in the country ,and the stability of these markets
measure of the general economic policy of the country of success
,and then be trying to understand the fluctuatio
ns in stock prices and
their relationship to economic ,financial and monetary factors and
financial crises.
The research examines the effect of inflation on the returns of index
in Damascus Stock Exchange (DSE),the monthly data for the rate of
inflation for the Damascus market indices has been collected during
the period (2010-2013).
The researcher concluded that there is a weak positive relationship
but insignificant for inflation rate on the return of market index in(
DSE) during the study period.
The theories of the microstructure en able us to analyze the way an equity market is
working to give us the right directions to be taken and answer the following questions:
According to which criteria can we evaluate the performance of a an exchang
e structure, in
this case, the continuous electronic system? What are its effects on the quality of a young
emerging market in terms of liquidity and informational efficiency? The objective of this
research is the empirical analysis of the role of the continuous electronic exchange system
on an emerging market. This research is elaborated around a microstructural analysis of an
equity market, which are studied in a continuous exchange system driven by orders. We
continue then with an event study applied to the Tunis Stock Exchange in order to check
the effects on the performance of the market of the microstructural changes carried out by
introducing the new continuous system NCS. This event was associated with a short-term
negative market liquidity appreciation at the announcement of the transition to the
electronic system, while the impact was positive in the medium and long term.
