A large transaction on shares of Bank Audi Syria has helped lift the overall value of trading in the Syrian bourse.
Syria’s DWX stock market index remained below the 1,200 mark for the second week in a row.
The annual report by the insurance market regulator shows that claims paid by the industry increased 50 percent year-on-year in 2014.
Syria’s insurance market grew 4.27 percent in nominal terms last year, according to official data but continued to decline in real terms.
Syria’s stock market index fell on Thursday below the 1,200 mark for the first time since September 2013.
Solidarity Alliance Insurance Company has announced the appointment of a new general manager, a year after the resignation of the previous one.
Al-Baraka Bank Syria, an Islamic lender, opened on May 28 a branch in Tartous, the bank’s second in less than six months in the coastal area.
There was little to highlight in the Syrian stock exchange last week as trading volumes remained miniscule.
Last week was another uneventful one in the Syrian bourse with the market’s main index sliding again and the volume of transactions remaining very low.
For the second week in a row, the US dollar has climbed in the Syrian foreign currency market.