Bank Al-Sharq has announced the resignation of one of its board members.
Trading in two banking stocks increased sharply the volume of transactions at the Damascus bourse last week although this did not prevent the continued decline in prices.
Syria’s stock exchange index declined 0.20 percent last week amid very limited trade.
Syria’s stock exchange index fell for the first time below the 800 mark last week as trading continued to remain limited to a handful of stocks.
Syria’s stock exchange index lost 43 percent this week and comes close to falling below the 800 mark.
The balance sheet of Bank Audi Syria continued to decline in the third quarter as the bank posted a pre-tax loss in the first nine months of the year.
The Damascus stock market index declined 0.49 percent last week with a total trading volume of SYP 1.1 million.
Activity at Al-Ahliah Vegetable Oil continued to show remarkable resilience with revenues in the first nine months of this year increasing on an annual basis.
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.