The balance sheet of Bank Audi Syria continued to decline in the third quarter as the bank posted a pre-tax loss in the first nine months of the year.
The Damascus stock market index declined 0.49 percent last week with a total trading volume of SYP 1.1 million.
Activity at Al-Ahliah Vegetable Oil continued to show remarkable resilience with revenues in the first nine months of this year increasing on an annual basis.
Interest in stocks at the Syrian bourse increased slightly last week with the value of trading reaching SYP 3.33 million.
All the indicators were again in the red last week at the Damascus Securities Exchange.
Syria’s stock market index fell again in a new uneventful week.
The last week of September saw trading return to more “normal” levels in the Damascus Securities Exchange.
Qatar National Bank Syria announced on Tuesday that it been victim of a fraud, the second such report by a local bank in two weeks.
The Damascus Securities Exchange is continuing to beat records with the value of the shares traded last week at its lowest level since the inception of the Syrian bourse in March 2009.
Two Syrian banks announced last week that they had been victims of a robbery and of a fraud, confirming an increase in the number of similar cases in recent months.
The exposure of Lebanon’s Banque Bemo to Syria’s market, through its stake in Banque Bemo Saudi Fransi, has led Moody’s Investors Service, a rating agency, to downgrade the bank’s credit rating.
The Damascus Securities Exchange witnessed last week one of its worst weeks since its inception with only one stock traded in a single deal.
The value of shares traded at the stock exchange in the first eight months of this year fell 77 percent compared to the same period of last year, data from the Syrian bourse show.