News

Banque Bemo Downgraded on Syria Exposure

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.

DSE Closes Week with Single Trading Deal

The Damascus Securities Exchange witnessed last week one of its worst weeks since its inception with only one stock traded in a single deal.

Pioneers Syria Suspends Activity

Pioneers Syria has suspended its activities in the Damascus Securities Exchange as a result of falling business revenues.

Trading Falls 77% Y-o-Y at DSE

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.

Dismal Trade Volumes at the Stock Exchange

A total of twelve transactions worth a combined SYP 465 thousand occurred during the whole of this week in the Damascus Securities Exchange.

Kiwan Buys Large Share of UG - Report

Bashar Kiwan bought a large part of the United Group shares that were traded last week in the Syrian bourse, according to a local press report.

Investors Absent from Stock Exchange Except for Large UG Deal

The index of the Damascus Stock Exchange remained unchanged in four out of the last six sessions; although a large deal on United Group stocks raised trading volumes to levels not reached in months.

Al-Azem Resigns from Al-Aqeelah Insurance

Al-Aqeelah Takaful Insurance, a listed Islamic insurer, has announced the resignation of its general manager, Firas Al-Azem.

Revenues Plunge at UG

Revenues continued to plunge at UG, Syria’s largest media group, as the industry suffers from the economic downturn.

Trading in the Stock Exchange at SYP 2 Million

Some SYP 2 million worth of stocks were traded last week in the Damascus Securities Exchange with the focus of investors remaining on banks and financials.

Trading Focused on Financial Stocks

Syria’s stock market resumed its downward trend this week as trading remained focused on financial stocks.

Stocks Gain Amid Dismal Trading Volumes

Stocks in Syria’s securities exchange gained last week, for the first time in almost three months, although the limited trading volumes render this change of direction largely insignificant.

Stock Market Continues Downward Trend

Syria’s stock market index continued its downward trend and declined by 0.43 percent over the course of last week amid very limited trading volumes.

Stocks Continue Losing Streak

Syria’s stock market witnessed very little change last week with trading volumes remaining very low and the market’s main index continuing its losing streak.

Stock Index Falls for 23 Consecutive Days

Syria’s stock market index has now fallen for 23 days in a row to close last week at 840.27 as the total value of shares traded stood at less than USD 30,000.