Banque Bemo Saudi Fransi, the first private sector bank to open in Syria after decades of state monopoly, has announced the relocation of its headquarters.
Trading activity continues to decline in the Syrian stock exchange where only a handful of transactions are now occurring every week.
The Syrian stock market index gained last week as total trading remained below the $100k level.
A couple of large transactions last week helped again the Damascus Securities Exchange reach above-average trading volumes.
Several large transactions led to a rare surge in the value of trading in the Damascus Securities Exchange last week.
Solidarity Alliance, a private insurer, has announced the resignation of its general manager.
Syria’s stock market index climbed for the second week in a row, amid insignificant trading activity in the exchange.
More than half of the value of trading in the Syrian stock exchange this week was over a banking stock held by a Qatari institution.
After declining in two consecutive sessions, the DWX fell 0.75 percent last week to close at 1,211.65.
Syria’s stock market index gained 0.23 percent last week to close at 1,220.85.