Stocks fell last week in the Damascus Securities Exchange for the second week in a row.
A Presidential decree has established a Zakat Fund that is supposed to help the needy and the poor.
The increasing risks associated with transporting goods through Syrian territory have led to a sharp rise in insurance premiums.
After several weeks of gains Syrian stocks declined last week amid lower trading volumes.
The massive intervention of the Central Bank of Syria has helped reduce the price of a dollar to below 200 pounds in the Syrian currency market.
The composition of the credit and monetary council has been amended and new members appointed as the Central Bank of Syria faces numerous challenges.
Trading activity last week at the Damascus Securities Exchange remained high, in Syrian Pound terms, with the market index continuing to rise.
After a week which saw it cross the 300 pound level, the US dollar dropped following the intervention of the Central Bank.
Syria’s main stock index crossed the 1,200 mark last week after gaining in three consecutive sessions.
The Syrian Pound is continuing to decline against most international currencies and was traded in Damascus at some 240 per dollar today.
Syria’s stock exchange returned into positive territory last week with its main index gaining 1.64 percent.
According to statistics published by the Damascus Securities Exchange, some SYP 1.04 billion worth of shares were traded in the first six months of this year.
Syria’s stock prices fell for the second week running as trading volumes also declined.
The US dollar continued to trade for most of the last week at just below 200 pounds in the currency market with little indications that the Syrian pound would regain lost ground.
Syrian stocks fell in all of last week's sessions ending a month and a half of weekly gains.
EDU 2011 Aleppo
Sheraton Hotel Aleppo
Taxation in Syria
Damascus Chamber of Commerce