The Syrian bourse saw last week the beginning of trading on Al-Baraka Bank Syria, the latest stock to be listed in the exchange.
The DWX continued last week its slow decline, shedding 0.21 percent, although the value of trading is so low that price changes bear little significance.
The Commercial Bank of Syria, the country’s largest bank, saw a stabilization in its deposits and credits in the first three quarters of this year.
At the end of last week, the DWX, the Syrian stock market’s main index, remained below the 1,300 mark, a level it has not crossed for more than a month.
Three years after the Syrian air force began bombing its own towns, the EU has decided to ban jet fuel and additives exports to Syria because “they are being used for indiscriminate air attacks against civilians.”
After a weeklong break, investors resumed trading in the Syrian bourse last week.
In the last two weeks, the value of the Syrian pound stabilized in the foreign currency market as the Central Bank of Syria continued to sell dollars.
United Insurance Company, a private insurance company, said that it replaced one of its directors because of repeated absences from board meetings.
Trading in the Syrian bourse last week recorded one of its lowest levels since its establishment five years ago.
The Syrian pound is continuing to lose ground against the dollar, in spite of significant interventions by the Central Bank in the Syrian currency market.
Around half of Syria’s listed stocks were traded last week although few transactions involved meaningful amounts.
The purchase by Lebanon’s Byblos Bank Sal of an additional stake in its Syrian affiliate, Byblos Bank Syria, has been confirmed.
The value of the stocks traded in the Damascus Securities Exchange fell again last week to reach SYP 9.6 million.
The dollar stabilized in the Syrian foreign currency market last week, although this required the Central Bank of Syria to pour significant amounts of dollars in the market.
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