Syria’s stock market index closed the year largely unchanged as official holidays reduced trading activity.
Bank Audi Syria has announced the resignation of its chief executive Officer, Bassel Hamwi.
The value of trading in the Damascus Securities Exchange increased last week over interest in the Arab Bank stock.
As the year drew to an end, investors pulled further away from the Damascus Securities Exchange.
Half of Syria’s stocks were traded in the Damascus Securities Exchange last week with the index mostly unchanged.
The DWX gained 0.34 percent last week to close at 1,250 as trading volumes were very limited.
Audi Capital Syria, the investment arm of the Audi-Saradar Group in the country, is suspending its operations.
Syria’s stock market index, the DWX, has remained unchanged virtually for an entire month.
IBTF has announced the election of a new vice-chairman for its board of directors.
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.