Banking stocks continued to dominate trade last week in the Damascus Securities Exchange as the market’s main index remained stable for the second week in a row.
Both the stock market index and the volume of trading in the Damascus Securities Exchange remained unchanged last week from the previous one.
The level of trading in Syria’s stock exchange last week was the lowest in many weeks.
Cham Capital, a brokerage firm, has announced the resignation of its general manager.
The trading activity in the Syrian stock exchange fell for the second week in a row as the country enters a full week of holidays.
A handful of stocks continue to dominate trading in the Syrian bourse amid low volumes.
Fransabank Syria has announced the election of a vice-chairman for its board.
The volume of trading in the Damascus bourse rose to 85 million pounds last week, half of which on a single stock.
Bank of Syria and Overseas has announced the election of Ihsan Baalbaki as vice-chairman of the board.
Last week was another uneventful one for the Syrian stock exchange, which saw very limited trading take place.
For the second week in a row the DWX made gains although the level of trading gives very little significance to these changes.
Syria’s stock market index gained 0.33 percent last week as trading remained focused on banking stocks.
Al-Aqeelah Takaful has reported that one of its directors resigned from its board.
The decline in Syria’s advertising market is continuing to take its toll on Syria’s largest media group which has seen its revenues drop by more than 90 percent in two years.