Syria’s stock market index gained more than one percent last week amid low trading volumes.
Last week, Syria’s stock index closed above the 1,200 level for the first time in more than a month, while the value of trading was among the lowest on record.
The annual shareholders meetings of Syria’s commercial banks have seen some changes in their management and boards.
Only a third of Syria’s listed companies attracted interest from investors in the stock exchange last week.
In the absence of large transactions, the volume of activity at the Syrian stock exchange returned to the lows of the past weeks.
The dollar has edged past the 300 pound level again as the Central Bank of Syria has issued new one-thousand pound notes without the picture of Hafez Al-Assad.
A large transaction on shares of Bank Audi Syria has helped lift the overall value of trading in the Syrian bourse.
Syria’s DWX stock market index remained below the 1,200 mark for the second week in a row.
The annual report by the insurance market regulator shows that claims paid by the industry increased 50 percent year-on-year in 2014.
Syria’s insurance market grew 4.27 percent in nominal terms last year, according to official data but continued to decline in real terms.
Syria’s stock market index fell on Thursday below the 1,200 mark for the first time since September 2013.
Solidarity Alliance Insurance Company has announced the appointment of a new general manager, a year after the resignation of the previous one.
Al-Baraka Bank Syria, an Islamic lender, opened on May 28 a branch in Tartous, the bank’s second in less than six months in the coastal area.
There was little to highlight in the Syrian stock exchange last week as trading volumes remained miniscule.
Last week was another uneventful one in the Syrian bourse with the market’s main index sliding again and the volume of transactions remaining very low.
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