All stocks traded in the Damascus Securities Exchange declined in every one of the three sessions held last week.
Syria’s stock market declined last week although it remained above the 900 level as the two large Qatari banks operating in the country were the two most traded stocks.
Arab Bank Syria has announced the names of two new board members to replace departing directors.
The main index of Syria’ stock exchange crossed the 900 mark again last week after two consecutive days of gains.
The assets of Qatar National Bank Syria, the first private sector commercial bank to publish its financial results for the third quarter of the year, remained stable over the course of the last three months.
The Syrian financial market regulator, the SCFMS, has accepted the decision of Al-Badia Cement to reduce the nominal value of its shares to SYP 100, from SYP 400 previously.
Syria’s stock market continued its slide last week as the Minister of Economy announced the set-up of a National Investment Fund that will invest in listed companies.
Daman Cham, a brokerage firm operating in the Damascus Securities Exchange, has suspended its IPO and advisory services and announced the divestment of its UAE strategic shareholder.
Syrian stocks resumed their decline last week, losing ground in each of the three trading sessions.