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.
United Insurance Company has announced the resignation of its General Manager.
The Syrian Pound fell last week to its lowest level in more than a year before a strong intervention by the Central Bank of Syria helped limit the losses.
The DWX lost 0.81 percent last week in another week of low trading at the Damascus Securities Exchange.
The Large Taxpayers Unit of the Ministry of Finance is reportedly generating billions of Syrian pounds to the treasury.
The US dollar continued to climb in the Syrian foreign currency market, rising to 180 pounds per dollar for the first time in some four months.
City View 2011 - Damascus
Four Seasons Hotel
Damascus International Fairground