The European Union has renewed for another year its sanctions on a vast number of Syrian individuals and companies but lifted them on a prominent businessman and one of the country’s leading private sector banks.
The total weekly trading volume at the Damascus bourse was below USD 50,000 last week, an indication of how deserted the Syrian stock market has become.
Bank Al-Sharq is having two new members in its board of directors.
The DWX, the main index at the Damascus Securities Exchange, remained largely unchanged last week as investors focused on banking stocks.
Bank Audi Syria has announced the appointment of a new Chief Executive Officer.
Last week saw the lowest levels of trading in the Damascus Securities Exchange since the beginning of the year.
Last week, the Damascus Securities Exchange was on track to witness one of its worst weeks in terms of trading volumes when a handful of transactions lifted the bourse’s overall weekly activity.
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.