The Syrian pound has continued its relentless decline as the dollar crossed the 360-pound level and the Euro climbed above 400 pounds this week.
Syria’s stock market index, the DWX, fell in each of this week’s four sessions to close at 1,214.95.
The U.S. dollar reached a new high today in the Syrian black market, closing at 346 pounds.
Stocks gained for the second week in a row in the Damascus Securities Exchange.
Syria’s stock market index crossed the 1,200 level again in a week that saw only two trading sessions.
The assets of Syria’s private commercial banks increased 17 percent in the first half of this year in Syrian Pound terms.
Syria Gulf Bank will seek next month to increase its capital and raise SYP 7 billion from the markets.
The main index on Syria’s stock exchange continued its slide amid limited trading activity.
The DWX remained unchanged last week amid low trading values.
Trading in the Syrian stock exchange was limited to three days last week because of a public holiday on Eid Al-Adha.
Syria’s main stock market index fell below the 1,200 mark for the first time since mid-July.
Syria’s Large Taxpayers unit has generated billions of pound for the treasury this year.
The rise of the dollar seems unstoppable in the Syrian currency market as it crossed today the 330 pound level for the first time on record.
Only a quarter of the listed stocks in the Damascus Securities Exchange were traded this week.
The value of the U.S. dollar increased again in the Syrian foreign exchange market last week.
Investment Facilities at the Industrial City of Adra
Damascus Chamber of Commerce
Dama Rose Damascus Hotel