News

DWX Gains after Falling for Seven Consecutive Weeks

Last week, the index of the Damascus Securities Exchange recorded a weekly gain for the first time in some two months.

Arab Bank Reports Attack on Daraa Branch

Arab Bank Syria has announced that its branch located in the city of Daraa had been attacked, one of many similar incidents in the last three years, which overwhelmingly occurred in regime-controlled parts of the country.

UIC Appoints Head of former State Monopoly as new CEO

United Insurance Company has announced the appointment of a new chief executive officer.

Stock Index declines Again as Trading is Dominated by Gulf-owned Banks

The index of the Damascus securities exchange declined again last week following recent losses.

Stock Market Index Falls to Lowest Level in Half a Year

Except a large transaction involving shares of the National Insurance Company, trading in the Syrian bourse last week was dull.

Islamic Banks Dominate Trading in the Damascus Exchange

Both the DWX and the value of trading in the Damascus Securities Exchange slightly declined last week.

Trading Starts on Baraka Bank Syria

The Syrian bourse saw last week the beginning of trading on Al-Baraka Bank Syria, the latest stock to be listed in the exchange.

Stock Exchange Trading Remains Insignificant

The DWX continued last week its slow decline, shedding 0.21 percent, although the value of trading is so low that price changes bear little significance.

DWX Remains Below 1,300 Mark

At the end of last week, the DWX, the Syrian stock market’s main index, remained below the 1,300 mark, a level it has not crossed for more than a month.

Baraka Bank to Start Listing on November 3

Al-Baraka Bank Syria will be the latest company to see its shares listed in the Damascus Securities Exchange.

Trading Resumes in DSE after Weeklong Break

After a weeklong break, investors resumed trading in the Syrian bourse last week.

Trading in Damascus Stock Exchange at one of Lowest Levels since Inception

Trading in the Syrian bourse last week recorded one of its lowest levels since its establishment five years ago.

Investors Attracted only to a Handful of Stocks in Syrian Stock Exchange

Around half of Syria’s listed stocks were traded last week although few transactions involved meaningful amounts.

Byblos Bank Raises Stake in Syrian Affiliate

The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.

Investors Keep Away from Stock Exchange

The value of the stocks traded in the Damascus Securities Exchange fell again last week to reach SYP 9.6 million.