Around half of Syria’s listed stocks were traded last week although few transactions involved meaningful amounts.
The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.
The value of the stocks traded in the Damascus Securities Exchange fell again last week to reach SYP 9.6 million.
United Insurance Company has announced the resignation of its General Manager.
The DWX lost 0.81 percent last week in another week of low trading at the Damascus Securities Exchange.
Trading in the Damascus Securities Exchange remained dull last week with volumes at only a few thousand dollars in one of the sessions.
Islamic banks attracted more than half of the trading in the Damascus Securities Exchange last week.
The DWX declined in each of last week’s four sessions as trading in the stock market was dominated by two large transactions involving a commercial bank.
Mohammad Haykal has joined the board of Arab Bank Syria replacing Samer Rustom.
The DWX fell in the last two weeks as the market witnessed two important transactions involving banks.