Only seven stocks were traded last week in the Damascus Securities Exchange, less than a third of total listed stocks.
The Syrian pound has lost again significant ground against the dollar in the last week as the Central Bank seems short of solutions to stop its decline.
Pioneers Syria, which had suspended its brokerage services at the end of 2012, has now frozen its remaining activities in the country.
The total value of trading at Syria’s stock exchange fell last week and stood at less than USD 50,000.
The Syrian Pound continued its slow but steady decline against the dollar last week.
The main index of the Syrian stock exchange fell again last week amid dull trading activity.
Syria Gulf Bank has announced the resignation of a board member.
The Syrian Pound is declining again against the dollar after several weeks of stability.
The value of trading in the Syrian bourse reached a mere SYP 9.9 million this week.
Only eight of the 24 listed stocks were traded in the Damascus Securities Exchange last week.
Bank Audi Syria has announced that its branch in the city of Deir-ez-Zor had been robbed.
Syria’s stock market index climbed by almost one percent last week helped by an increase in the price of Cham Bank, the most traded stock in the exchange.
The Syrian government is requiring owners of gold bars to register them with the Central Bank of Syria.
Helped by two relatively large transactions, the value of trading in the DSE increased to SYP 53.4 million last week.
After a turbulent week, the Syrian Pound has managed to recover most of its losses against the US dollar.
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