Last week, the Damascus Securities Exchange was on track to witness one of its worst weeks in terms of trading volumes when a handful of transactions lifted the bourse’s overall weekly activity.
Almost 500,000 companies and professionals are registered with Syria’s Tax Office according to a recent report.
Banque Bemo Saudi Fransi, the first private sector bank to open in Syria after decades of state monopoly, has announced the relocation of its headquarters.
The Syrian Pound recovered in the last few days some of the ground lost against the dollar in previous weeks.
Trading activity continues to decline in the Syrian stock exchange where only a handful of transactions are now occurring every week.
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.
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