Syria’s stock market index declined 1.1 percent last week to close at 872.02 as trading remains subdued.
Syria’s stock market index rose 1.48 percent last week to close at 881.83 on April 25 with more than half of the listed stocks being traded.
Last week saw only one trading session at the Damascus Securities Exchange because of the Easter and Independence Day as the DWX remained stable.
The main index of Syria’s stock market declined by 0.50 percent last week to close at 868.54 on April 11, after four consecutive weeks of gains.
Syria's stock market index gained 0.43 percent last week as investors awaited to see what direction political events would take the country in the coming days.
Syria’s stock index rose 1.98 percent this week, its highest weekly gain in almost three months.
Trading remained very limited last week in the Damascus Securities Exchange as public holidays reduced the number of trading sessions to two.
The Islamic Financial Services Company, a brokerage company, is being dissolved following a decision by its Board of Directors.
The Syrian Investment House has become the third investment bank in Syria to announce the suspension of its activities in the last year.
Syria International Islamic Bank has announced that an armoured van carrying cash from one of its branches in the north-east of the country was attacked in only the second such case since the beginning of the Syrian uprising last year.
Investors in the Damascus Securities Exchange remained cautious as downward and upward pressures appeared to balance each other.
Syria’s stock market index remained unchanged last week although it has now fallen more than 50 percent in the year since the beginning of a popular uprising in March 2011. Some analysts speculate, however, that the market could rise again in the coming weeks as the decline in the real value of stocks caused by inflation could render them attractive again.
The Syrian financial markets regulator has suspended the operations of IFA Financial Services, a brokerage house licensed since 2008.
Syria’s stock market index fell by 1.69 percent this week, its steepest weekly decline in three months in the wake of EU sanctions on the Central Bank of Syria and a continued deterioration in the political and economic environments.