Interest in stocks at the Syrian bourse increased slightly last week with the value of trading reaching SYP 3.33 million.
All the indicators were again in the red last week at the Damascus Securities Exchange.
Syria’s stock market index fell again in a new uneventful week.
The last week of September saw trading return to more “normal” levels in the Damascus Securities Exchange.
Qatar National Bank Syria announced on Tuesday that it been victim of a fraud, the second such report by a local bank in two weeks.
The Damascus Securities Exchange is continuing to beat records with the value of the shares traded last week at its lowest level since the inception of the Syrian bourse in March 2009.
Two Syrian banks announced last week that they had been victims of a robbery and of a fraud, confirming an increase in the number of similar cases in recent months.
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.
The Damascus Securities Exchange witnessed last week one of its worst weeks since its inception with only one stock traded in a single deal.