The US dollar climbed in the Syrian foreign exchange market last week as pressures mounted on the Syrian currency.
The Syrian stock market index gained last week as total trading remained below the $100k level.
A couple of large transactions last week helped again the Damascus Securities Exchange reach above-average trading volumes.
Hundreds of Syrian individuals and corporations are registered in the Large Taxpayers Unit of the Ministry of Finance, according to a local press report.
Several large transactions led to a rare surge in the value of trading in the Damascus Securities Exchange last week.
Byblos Bank Sal, the Lebanese mother company of Byblos Bank Syria, is increasing its stake in its Syrian affiliate.
In spite of the intervention of the Central Bank of Syria, the dollar continued last week to gain ground against the Syrian Pound.
Solidarity Alliance, a private insurer, has announced the resignation of its general manager.
The Central Bank of Syria has closed two foreign exchange traders as part of its campaign to clamp down on the black market.
Syria’s stock market index climbed for the second week in a row, amid insignificant trading activity in the exchange.
More than half of the value of trading in the Syrian stock exchange this week was over a banking stock held by a Qatari institution.
After declining in two consecutive sessions, the DWX fell 0.75 percent last week to close at 1,211.65.
Syria’s stock market index gained 0.23 percent last week to close at 1,220.85.
The assets and profits of private sector banks in Syria increased last year in Syrian Pound terms, according to preliminary filings.
Damascus International Fairground
Damascus Chamber of Commerce