Syria’s stock market index gained 0.33 percent last week as trading remained focused on banking stocks.
Al-Aqeelah Takaful has reported that one of its directors resigned from its board.
The Central Bank of Syria has continued to devalue the formal rate of its currency, while tension in the black market receded somewhat in recent days.
Syrian stocks declined last week with trading volumes slightly rising.
The Central Bank has raised the official price of the US dollar as it seeks to close the gap with the black market level of its currency.
Syria’s insurance market in 2012 was dominated by the health sector, according to the industry’s regulatory institution.
There was little new in the last two weeks in the Damascus Securities Exchange.
Bank of Jordan Syria has announced the resignation of one of its board members.
Financial data published by two private sector banks confirm the growth of bad debt provisions across the sector.
The DWX declined last week for the third consecutive week as investors largely shied away from the securities exchange.
A Presidential decree issued on Sunday has banned all commercial transactions in any currency other than the Syrian pound, in a bid to stem the decline of the local currency.
Bank Audi Syria has posted a significant improvement in its financial performance in the first half of this year on the back of the decline in the value of the Syrian pound.
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.
Damascus 1st Tourism Shopping Festival
Damascus International Fairground