Investing.com -- Syria is preparing to recommence operations of its stock market from June 2, according to a report by the state news agency SANA on Tuesday. The news was confirmed by Finance Minister Yisr Barnieh.

The Syrian stock market had ceased trading since December 5, as stated by SANA. The suspension was due to the necessity to evaluate the operational and financial condition of the companies involved in the market.

In a significant political shift, former President Bashar al-Assad was removed from power by rebels in December. The reopening of the stock market signals a step towards economic normalization following this change in leadership.

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