Syria’s stock market index closed the year largely unchanged as official holidays reduced trading activity.
Bank Audi Syria has announced the resignation of its chief executive officer, Bassel Hamwi.
The value of trading in the Damascus Securities Exchange increased last week over interest in the Arab Bank stock.
As the year drew to an end, investors pulled further away from the Damascus Securities Exchange.
The Syrian stock market index has remained almost unchanged for some two months now as trading activity remains subdued.
Half of Syria’s stocks were traded in the Damascus Securities Exchange last week with the index mostly unchanged.
Audi Capital Syria, the investment arm of the Audi-Saradar Group in the country, is suspending its operations.
The DWX gained 0.34 percent last week to close at 1,250 as trading volumes were very limited.
The balance sheet of Syria’s private sector banks increased 45 percent in the first nine months of 2013 compared to the same period of last year, although the rise was overwhelmingly a result of unrealized net foreign exchange gains.
The Commercial Bank of Syria, by far the country’s largest commercial bank, saw a stabilisation in its balance sheet last year in Syrian Pound terms, according to its financial accounts that were released only recently.
Syria’s stock market index, the DWX, has remained unchanged virtually for an entire month.
IBTF has announced the election of a new vice-chairman for its board of directors.
The average net wealth of Syrian citizens stood at close to $4,000, according to a recent report on global wealth across the globe.
The Syrian Pound lost last week some of the ground it gained against the dollar in the previous week.
Food Expo 2011
Damascus International Fairground
Tenders and Contracts
Damascus Chamber of Commerce