The financial markets play an important role in the economies of the developing and
undeveloped countries likewise. As they are ones of the financial political tools are
used in filling the local savings and an attractive instrument for the foreign
investments in addition to its active role in financing the growing economic plans.
The study aimed to test the effect of changing exchange rate of the Syrian pound
against the dollar on the shares of joint stock companies listed on the Damascus
Securities Exchange, the study covered the monthly data for the period extending
from July 2011 until November 2015.
