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 High-Income Tax Unit of the Ministry of Finance, according to a local press report.

Cham Bank, an Islamic lender, is set to become the first new company in some three years to be listed in the Damascus Securities Exchange.

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.